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DR slides 12 places in Global Competitiveness Index

After years of some improvements, the DR now slides 12 places on the World Economic Forum Global Competitiveness Index 2017-2018. The Dominican Republic is ranked 104th among 137 countries included in the index. In 2016-2017, the DR had ranked 92nd. The Global Competitiveness Index 2017-2018 presents a framework and a corresponding set of indicators in three principal categories (subindexes) and twelve policy domains (pillars) for 137 economies.

The government is to blame, says the report. The DR scored 129th of 137 countries for its institutions. The three most problematic factors for doing business in the Dominican Republic are corruption, inefficient government bureaucracy and tax rates. Other negative factors are inadequately educated workforce, crime and theft, access to financing, restrictive labor regulations, poor work ethic in national labor force and tax regulations.

The DR is in the bottom ten for the indicators of: diversion of public funds, public trust in politicians, judicial independence, favoritism in decisions of government officials, efficiency of government spending, reliability of police services, and ethical behavior of firms.

On the positive side, the DR scored in the top half of the 137 countries regarding these indicators: business costs of terrorism, quality of roads, quality of port infrastructure, quality of air transport infrastructure, Available airline seat kilometers, gross national savings, inflation, government debt, malaria incidence, business impact of malaria, business impact of tuberculosis, business impact of HIV/AIDS, intensity of local competition, prevalence of foreign ownership, business impact of rules on FDI, burden of customs procedures, availability of financial services, ease of access to loans, soundness of banks, regulation of securities exchanges, availability of latest technologies, FDI and technology transfer, Internet users, domestic market size index, GDP (PPP), local supplier quantity, state of cluster development, and extent of marketing.
https://www.weforum.org/reports/the-…port-2017-2018

Source: DR1, Diariolibre

Sep 28, 2017

Category: DR News |

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Last updated December 17, 2017 at 1:23 AM
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