HE. Tomás A.Guardia / Ambassador of Panama to Egypt
HE. Jose Octavio Tripp / Ambassador of Mexico to Egypt
HE Ambassador Fernando Sepulveda / Ambassador of Chile to Egypt
Understanding the Global Competitiveness Landscape in Latin America
Despite lagging behind its peers in Europe and Asia and with an evident unequal global competitiveness performance across Latin America, the World Economic Forum’s 2017 – 2018 Global Competitiveness Report cited multiple success stories across the region. One such story was Argentina which improved twelve positions in the latest ranking, now positioned 92nd out of 137 economies in the world. Jamaica (70) made significant improvements on the Financial Market Development Pillar (31) and improved 5 places overall on the GCI. Mexico maintained its 51st position with no change from the year before while Costa Rica improved seven places on the GCI 2017-2018, now the 47th in the world and second in Latin America. Panama loses the eight ranks it gained as one of the fastest rises of the 2016 – 2017 report falling back to 5oth place this year as the third most competitive country in the region. Chile remains the most competitive nation in Latin America ranking at 33 with no movement from the previous year. Brazil’s (80) most notable improvement on the GCI 2017 – 2018 was the enhancement of the innovation pillar, led by industry-university-business collaboration, higher quality research, and increased capacity building for scientists and engineers.
This Open Discussion Session will have the honor of hosting a distinguished group of Ambassadors and Senior Diplomats from Latin America to share their experiences and thoughts respectively regarding Global Competitiveness in their countries’ specifically, and the region generally. The session will also highlight success stories across the region while addressing the challenges facing the diverse economies of Latin America in a highly competitive global environment. This Latin America centric open discussion session will explore the efforts undertaken by the individual countries in coordinating national competitiveness agendas aimed at enhancing the region’s overall global competitiveness. The Session will explore how global indices such as the Global Competitiveness Index, the Ease of Doing Business, and the IMF Report influence the region’s economic competitiveness policy priorities.