Mexico passes India, rises 5 spots in World Economic Forum Global Competitiveness Report

Mexico rose five places to 53rd place in the 2012-2013 Global Competitiveness Report published by the World Economic Forum. Mexico rose from 58th place in 2011-2012 to 53rd place today. Mexico passed India in economic competiveness, as India fell 3 spots from 56th place in 2011-2012 to 59th place in 2012-2013. Mexico also passed the nations of Mauritius, Slovenia, Hungary, and Cyprus in the rankings. To see the full list of countries and where they stand on the competitiveness rankings, go to MexicoToday.org. 

Mexico advances as an innovator according to World Economic Forum Global Competiveness Index

According to the World Economic Forum Global Competitiveness Report, Mexico has advanced 22 spots in the rankings in the economic pillar of innovation in the last two years.

The World Economic Forum defines innovation as those technological breakthroughs that have formed the basis of many of the productivity gains that economies have historically experienced. Innovation transforms the way things are being done, and opens up a wider range of new possibilities in terms of products and services. Innovation also requires extensive collaboration in research and technological developments between universities and industry. For more information on the most recent WEF Global Competitiveness report, go to MexicoToday.org.

Mexico makes great strides in business sophistication according to World Economic Forum Global Competiveness Index

According to the World Economic Forum Global Competitiveness Report, Mexico has advanced 23 spots in the rankings in the area of business sophistication in the last two years.

The World Economic Forum defines business sophistication as two elements - the quality of a country’s overall business networks and the quality of individual firms’ operations and strategies. The quality of a country’s business networks and supporting industries, as measured by the quantity and quality of local suppliers and the extent of their interaction, is important for a variety of reasons. For more information on the state of Mexico's competitiveness in the world, go to MexicoToday.org.