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.
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