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.
Mexico posted measurable improvements in seven of the 12 pillars of competitiveness. The World Economic Forum praised several of Mexico’s competitive strengths, such as its sound macroeconomic framework, transport infrastructure, and business sophistication. According to the World Economic Forum, Mexico’s greatest competitive strength was its large and deep internal market, which the WEF ranked the 11th best in the world.
Mexico has recently been at the forefront of the global economy. It hosted the G20 and B20 Summits at Los Cabos in June, and the World Economic Forum on Latin America was held in Puerto Vallarta in April.