Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy, Regional / International » Global Competitiveness Report says Belize needs to be more competitive
Sep 8, 2011

Global Competitiveness Report says Belize needs to be more competitive

The Global Competitiveness Report (GCR), published annually by the World Economic Forum, assesses how productively a country uses available resources to provide high levels of prosperity to citizens. The 2011–2012 report has been released and for the first time, Belize was included as one of the one hundred and forty-two major and emerging economies. But the Jewel’s competitiveness is ranked extremely low at one hundred and twenty-three. The report says that the low ranking is “due to weak institutions, especially in terms of lack of security, poor infrastructure, and an insufficient level of competition that hinders efficient allocation of resources in the goods market.” In respect of education, Belize scored well for primary school enrollment, but the rate of persons pursuing higher education is very low and according to the GCR, so is the quality of the overall educational system. The report advises that the country’s competitive edge can be boosted if policies are put in place to address those weaknesses. The only other Caribbean country to rank worse than Belize is Haiti at one hundred and forty-one.

Be Sociable, Share!


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

3 Responses for “Global Competitiveness Report says Belize needs to be more competitive”

  1. Charlie Price says:

    What this really means is that…….THE CABINET IS SLEEPING ON THE JOB!!!!!

  2. DT says:

    30 years of independence and nothing to show for it, thanks to the UDP & PUP kleptomaniacs!

  3. DT says:

    .. with a lot of help from the Churches in keeping the poor poor.

  4. I Have Awaken says:

    When we gonna stop letting ‘foreign’ organizations tell us what we are and what to do?

Leave a Reply

CAPTCHA Image
*