Violence and Corruption Hinder Honduras' Development

Corruption, insecurity and political instability are the main factors preventing the country from making progress.

Wednesday, September 4, 2013

This was revealed by the competitiveness ranking report prepared by the World Economic Forum (WEF), in which the country fell three places ranking 111 out of the 148 countries evaluated.

"... Honduras seems held back in the 12 indicators assessed by the institution, but some factors stand out such as ease of financing, bank stability, trade openness, technology transfer and a high rate of school enrollment at primary level," noted an article in Laprensa. hn.

"On the other hand, the document has points against the use of public expenditure, the low credibility of the police, the few incentives for production and little innovation."

In Central America, the ranking is led by Panama (40), Costa Rica (54) Guatemala (86), El Salvador (97) and Nicaragua (99).

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Competitiveness: The Good and Bad in Costa Rica

September 2013

The business sector believes that inefficient government bureaucracy is one of main factors contributing to the cumbersome nature of doing business in the country.

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (UCCAEP):

Competitiveness: Leap Forward for Panama

September 2012

Global Competitiveness Report 2012-2013: Panama is number one in Central America (40 in the world), followed by Costa Rica (57), Guatemala (83) Honduras (90), El Salvador (101), and Nicaragua (108).

Highlights of the report include advances in the ranks for Panama (9 points) Nicaragua (7 points), Costa Rica (4 points), and Guatemala (1).

Guatemala's Competitiveness According to World Economic Forum

September 2010

The WEF 2010-2011 report indicates that Guatemala has become more competitive in the last 12 months.

The Global Competitiveness Report 2010-2011 released by the World Economic Forum (WEF) ranks Guatemala in position 78 this year compared to 80 in 2009-2010.

Crime and theft, corruption, policy instability, inefficient government bureaucracy and inadequate supply of infrastructure were mentioned as being the most problematic factors for doing business in Guatemala.

El Salvador's Competitiveness According to World Economic Forum

September 2010

The Global Competitiveness Report 2010-2011 released by the World Economic Forum ranks El Salvador in position 82 compared to 77 in 2009-2010.

The World Economic Forum (WEF) rankings are based on factors or pillars such as Institutions, Infrastructure, Macroeconomic environment, Health and primary education.

ok