Ja­maica im­proves nine places in com­pet­i­tive­ness re­port

Jamaica Gleaner - - ENTERTAINMENT -

Ba­sic re­quire­ments is di­vided into four cat­e­gories, Ja­maica ranks 73rd as it re­lates to its in­sti­tu­tions, 77th for in­fra­struc­ture, Ja­maica’s macroe­co­nomic en­vi­ron­ment is ranked 112, and sur­pris­ingly, Ja­maica is ranked 47th in the world as it re­lates to health and pri­mary ed­u­ca­tion.

As it re­lates to ef­fi­ciency en­hancers, Ja­maica is ranked 78th. It is fur­ther bro­ken down into sub-cat­e­gories: 90th on higher ed­u­ca­tion and train­ing, 61st as it re­lates to goods mar­ket ef­fi­ciency, 60th for labour mar­ket ef­fi­ciency, 30th for fi­nan­cial mar­ket de­vel­op­ment, 77th for tech­no­log­i­cal readi­ness and 119 mar­ket size.

The re­port high­lights that after al­most a decade of strong growth fol­low­ing the global fi­nan­cial cri­sis, growth rates in the Latin Amer­ica and the Caribbean re­gion have fallen and some coun­tries’ economies may en­counter re­ces­sions.

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