After holding position No. 105 among the 142 largest world economies, Ecuador raised 4 posts. It is currently located in position No. 101 in the Global Competitiveness Report (GCR).
The study, released by the World Economic Forum, shows that Ecuador has improved its score in all the pillars that make up the ICG, such as macroeconomic stability, which went from 4.76 (post number 55 in 2010) to 5.21 (number 40 in 2011), and low inflation in the country.
The reasons why Ecuador still has low marks on competitiveness are weak institutions and the lack of specific initiatives they have to expand its markets, limited availability, acceptance, and use of new technologies and innovation.
In our country, the Graduate School of Business Administration (Spain) is responsible one for managing this information. (ORG)