São Paulo – The World Economic Forum (WEF) released this Wednesday (17) the latest edition of its Global Competitiveness Report. Brazil has the 72nd position out of 140 countries, three places below the position held by the country in last year’s report, with a 59.9 score, in a scale from zero to 100. The United States sits atop the ranking with 85.6 points. In the picture, São Paulo’s City Market.
The scores given to the countries are based on factors such as performance of the institutions, infrastructure, use of information technologies, macroeconomic scenario, life expectancy, education, competition, trade opening, labor market, financial system, market size, business dynamics and innovation capacity. Brazil’s best score was achieved in size market with 80.9 points, which places the country in the 10th position in this category. China leads it.
The Arab countries sitting in the best positions in the overall ranking are the United Arab Emirates, with 73.4 points at the 27th position; Qatar, with 71 points at the 30th position; and Saudi Arabia, with 67.5 points at the 39th place.
According to the World Economic Forum, it made use of a new methodology this year to better represent the dynamics of the global economy in face of the Fourth Industrial Revolution, marked by innovation and digital technology. The survey shows that 103 countries scored below 50 points in the innovation processes category. According to the WEF, the gap between the economies in this area is one of the most concerning findings in the report.
Translated by Sérgio Kakitani
