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):
Costa Rica went up three places in the Global Competitiveness Report 2013-2014 prepared by the World Economic Forum, going from position 57 to 54.
A Wall Street Journal article has pointed out the futility of the Northern Longitudinal Highway and a recession in the Salvadoran economy over the last 10 years.
"... The Northern Highway (which passes through some of the least populated areas of the most densely populated country in Central America) is an unfinished work, courtesy of the North American taxpayers," noted an article on Online.wsj.com.
Ricardo Martinelli and the president of the World Economic Forum have agreed that Panama will be the site of the annual event in Latin America, when more than 1000 businesses from around the world will gather together.
A statement by the Presidency of Panama reads:
Panama has managed to attract interest from new U.S. investors and become the site of the World Economic Forum 2014.