The WEF Global Competitiveness Index shows that Zimbabwe’s ranking on the index has not improved from last year, with the country standing at 132 out of 144 countries.
The country had the same score on the 2011-2012 index, after having progressed to that position from the previous year ranking of 136 out of 139 countries.
The 2012-2013 index shows that the majority of respondents believe that Zimbabwe’s global competitiveness is being largely constrained by access to financing, policy instability, inadequate supply of infrastructure and inefficient government bureaucracy.
The majority of respondents (at 27,3 percent) attributed the poor performance to access to financing, policy instability (18,7 percent), inadequate supply of infrastructure (16,3 percent), inefficient government bureaucracy (9,9 percent), corruption (7,6 percent), and restrictive labor regulations (7,3 percent).
These were followed by government instability (4,9 percent), inhibiting tax rates (2,6 percent),poor foreign currency regulations (1,4 percent) and insufficient capacity to innovate (1,2 percent).
A poor work ethic in national labor force (1,2 percent), crime and theft (0,5 percent), tax regulations (0,5 percent), poor public health (0,4 percent), inadequately educated workforce (0,2 percent) and inflation (0, percent) were also cited contributing to a poor rating.
Post published in: Business