In T&T: T&T falls three spots Global Competitive ranking:

6 September 2012


“Poor work ethic…corruption; and access to financing,” all contributing to decline.

Trinidad and Tobago has fallen three spots in this year’s World Economic Forum’s Global Competitiveness ranking.

The country, which ranked 81 out of 142 countries last year, now ranks 84 out of 144.

The results were released last night by the Arthur Lok Jack Graduate School of Business at its Mt Hope Campus.

The annual ranking is based on the Global Economic Index developed by the World Economic Forum. Rankings are calculated using publicly available data and an executive opinion survey.

The results showed the most problematic factors for doing business in Trinidad and Tobago were inefficient government bureaucracy; crime and theft; poor work ethic in the national labour force; corruption; and access to financing.

Barbados was ranked highest in the region at 44. Jamaica ranked 97; Guyana 109; and Suriname was at 114.

Switzerland topped the overall rankings, followed by Singapore, Finland, Sweden and the Netherlands rounding out the top five.

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