NBC NEWS: Burundi, least competitive The least globally competitive country had problems all around. It was ranked in the bottom five in eight of the 12 major economic measures. The country ranks dead last in technological readiness, a key factor in what separates competitive and noncompetitive countries. Residents blame poor access to financing and corruption as the two most problematic factors for doing business in the country, and based on the WEF’s research it is not hard to see why. The country was ranked last also in the pillar of financial market development, which involves factors such as availability and affordability of financing. Last year, Burundi was ranked the most corrupt in East Africa, according to the nonprofit Transparency International.
Posted on: Wed, 30 Oct 2013 12:20:46 +0000
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