Greece is improving. In terms of competitiveness, not in terms of a living standard in dignity. According to World Economic Forum annual report, Greece demonstrates “marginal improvement in competitiveness” (that’s usual low wages), while “financial access, bureaucracy and corruption remain serious problems”.
I suppose the neo-liberal technocrats of WEF did not take into consideration two additional factors: over taxation and overpriced consumer goods.
Marginal improvement of Greek competitiveness
World Economic Forum report shows that financing access, bureaucracy and corruption remain serious problems
According to the World Economic Forum, competition in Greece is improving, with the country ranking 91st in the list of 148. Last year Greece ranked 90th amongst 142 countries.
Greece might be the least competitive amongst the Eurozone members, however the study recognizes that the Greek government is working towards overcoming huge difficulties. The World Economic Forum cites corruption, the political environment, the tax framework, access to funding and bureaucracy as the main problems.
The World Economic Forum’s report is indicative of the dire situation Greece finances still are. The country ranked 147th, in the penultimate position, in the macroeconomic environment category and fairly low in the other important fields, such as financial market development (138th) and agricultural policy costs (144th).
The full 2013 report on Global Competitiveness is available here via ToVimaOnline
