Venezuela among the countries with lower competitiveness index
Due to macroeconomic instability and institutional troubles
Chile is the leader of competitiveness among 18 Latin American countries, based on the Competitiveness Index established in October 2012 by the ADEN Competitiveness Institute. The information was disclosed by the higher studies institution based in Argentina, Efe quoted.
ADEN assesses 10 items to ascertain the index: met basic needs, institutional issues, infrastructure, macroeconomic stability, health, education, people expectation, market competition, efficient labor relations and technology access, the institution listed in a press release.
Venezuela and Bolivia appear at the bottom of the ranking, "with different economic and social realities, yet with common problems of macroeconomic instability and institutional mishaps." Both countries have remained in these positions from the outset of the estimates.
That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.