El Salvador: Competitiveness Initiative

Representatives from the Competitiveness Initiative have submitted diagnoses and proposed solutions in education and business, infrastructure, procedures and access to markets and investments.

Thursday, October 23, 2014

From a statement issued by the Competitiveness Initiative:

There is widespread concern about the observed low growth in the economy, which is manifested in a limited number of formal jobs, and a weak use of global opportunities. In 2007, workers in the informal sector accounted for 75.2% of the economically active population (EAP), a very high a rate; but six years later informality represented 74.9% of the EAP. In this period the growth was very low, and has only ensured that the problematic situation is not changing.

Informality in the productive sector, involves high costs for families and society. Informal workers, if they become ill, face a total loss of income. For society, the lack of pension savings in the informal sector, increases fiscal pressure to finance a minimum pension. Therefore, it is important to ask how can being competitive help reduce informality?



More on this topic

Brakes on Competitiveness in El Salvador

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Informality in the labor sector, low levels of taxation and little investment in innovation and development are some of the obstacles the country is facing in terms of competitiveness.

The Ministry of Economy presented the "First National Competitiveness Report", which analyzes more than 200 indicators obtained from indices prepared by international organizations such as Doing Business, Competitiveness Index, Trade Facilitation, Global Innovation, Connectivity and Index of Performance of Energetic Structure.

Panama: Government Already Clashing with Businessmen

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The new government's tendency to increase social spending and its regulation of commercial private activities is concerning the business sector.

The economic direction that Panama has taken since Juan Carlos Varela took office in July 2014 has failed to convince the private productive sector, which is suspicious of increased government spending through the implementation of subsidies, many of which do not have a reasonable enough basis and are not entirely necessary, according to some entrepreneurs.

Customs in El Salvador: Less and Less Competitive

September 2014

The waiting times for export products passing through customs offices in El Salvador increased from 2.8 days on average in 2011 to 4.7 days in 2013.

From a statement by Competitividadelsalvador.org:

The Business Competitiveness Survey (ECE) was conducted for the third time, in which employers provide information on obstacles and opportunities in ten areas critical to compete globally.

Private Council on Competitiveness in Guatemala

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The objective is to encourage, from the private sector, the design of a national strategy for productivity and economic development.

This body "has arisen from private sector efforts to stimulate job creation through improving the competitiveness and innovative capacity of the country, hence the commitment to collaboration between the productive sector, academia and the public sector" said Carlos Amador, vice president of the CPC.

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