Tuesday 15 June 2021

Costa Rica The Worst Country in Latin America In Infrastructure and Bureaucracy: Report

arreglo-calle1-hero

COSTA RICA NEWS – Costa Rica is the worst country in Latin America in infrastructure and bureaucracy, according to the Global Competitiveness Index of the World Economic Forum in Switzerland released Monday.

The report assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity.

- Advertisement -

The report groups 16 Latin American countries, that includes Costa Rica.

1ineficienciaburocraticaThe deputy director of the Latin American Centre for Competitiveness and Sustainable Development of the Central Institute of Business Administration (INCAE), Victor Umaña, explained that the study takes stock of the countries in three areas: Global Competitiveness, key indicators and most problematic factors for each country to do business.

In the latter category 100 Costa Rican entrepreneurs were interviewed on 16 key elements likely to cause difficulty for business development in the country. Some of the items of concern are access to financing, inflation, the crime rate, corruption, bureaucratic inefficiency and infrastructure, among others.

26.8 percent of Costa Rican employers said bureaucratic inefficiency as one of the main problems of the country. Meanwhile, 23.9 percent said that infrastructure is the main obstacle to doing business.

- Advertisement -

The rating places Costa Rica as the worst country in Latin America.

“In general, entrepreneurs and people complain about all the paperwork. One can say that Costa Rica is a country hindered by paperwork, where processes can last months or even years. This encourages informality … , “said Umaña.

In the case of bureaucratic inefficiency, Costa Rica is followed by Peru with 21.8 percent and 17.2 percent Nicaragua.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Immigration system failure affected passengers at the San Jose airport Monday

QCOSTARICA -  In yet another system-wide failure in the immigration check-out,...

MOST READ

Vaccine Tourism – A Practical Guide

By Amy Gdala, Guest Contributor - The US has a surplus of vaccines, while Costa Rica is struggling to supply sufficient numbers to citizens...

COVID vaccines in the workplace: Can I ask who got their shots?

(DW) Jon works for the local government in the US state of Virginia. The 40-year-old received both his COVID shots in April. Most of...

Estadio Nacional

QCOSTARICA - The multipurpose national stadium, the first modern sport and event arena to be built in Central America, located La Sabana. The stadium was...

Europe opens the doors to tourism, these are the requirements

Q TRAVEL - Europe opened the doors to tourism. While worldwide vaccination against covid-19 advances above the levels of each country, the restrictions are...

Bribed with cars, sexual favors and money in exchange for road works contracts

QCOSTARICA - The OIJ uncovered a big pothole on Monday when it was announced that public officials had allied with construction companies that, apparently,...

Central America is back in the news for the wrong reasons, Costa Rica is once again the exception

QCOSTARICA - Osta Rica has been the epicenter of regional diplomacy in recent days. The successive visits of the Secretary of State of the...

Seven out of ten over 58 years have been fully vaccinated against covid-19

QCOSTARICA - The Caja Costarricense de Seguro Social (CCSS) reports that 70.3% of people over 58 years of age, the so-called Group 2 of...

Diseases, weather and low prices hit the orange sector in Costa Rica

HQ - The appearance of pests and diseases, in particular the 'dragón amarillo' (yellow dragon), the impact of the weather and a sharp drop...

The US sanctions Nicaraguan Daniel Ortega’s daughter and close associates

TODAY NICARAGUA – The United States imposed economic sanctions on four Nicaraguan officials close to President Daniel Ortega on Wednesday, June 9, 2021, including...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.