Mexico improves its Economic Competitiveness

The IMD World Competitiveness Yearbook (WCY) is the annual global ranking by the IMD (International Institute for Management Development), School of Business Administration from Lausanne, Switzerland.

To establish this ranking, IMD performs an analysis regarding the economic ability of 59 nations to create and maintain an environment in which companies can compete.

Its annual report, released yesterday May 18, 2011, reveals an improvement in the classification of Mexico to advance from 47th (year 2010) to 38, positioning itself as the second largest economy in Latin America after Chile and overtaking Brazil which went from 38th place to 44th.

In this report, Mexico appears after Indonesia and before Turkey (the figure in brackets indicates the place occupied in 2010 by the country mentioned).

(35) Indonesia 37, (47) Mexico 38, (48) Turkey 39.

List of 59 countries listed in the Yearbook 2011 of the IMD:

Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, Mainland China, Hong Kong, Colombia, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland , Israel, Italy, Japan, Jordan, Kazakhstan, Korea, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, UAE, UK, USA, Venezuela.