Portugal has improved its competitiveness ranking against other countries, according to the World Economic Forum. Portugal is now ranked 45th in the world, and 18th out of the 27 EU countries. Portugal excelled in the categories of "Technological Readiness" and "Infrastructure" as well as receiving positive rankings for innovation, public health and education. However, Portugal's "Labor Market Efficiency" and "Macroeconomic Environment" ratings were similar to those of most Third World countries. Despite those poor ranking, Portugal received perfect positive scores for crime, theft and foreign currency regulations. The increase in competitiveness for Portugal is the first after six consecutive years of lower positions on the World Economic Forums list.
Despite Portugal's recent economic problems, they are still coming up with ways to improve their country and their outlook in the years to come. Because of their supportive public health system, education system, technological advances and infrastructure improvements, they are putting themselves in a better position to a be a largely influential country in the future. These social improvements may be very beneficial in the long run, creating an encouraging and positive environment for the Portuguese, as well as a strong economy. Compared to countries at the top of the list, such as Switzerland, Singapore and the United States, Portugal is not as competitive because of it's smaller influence of world economics. But Portugal's recent improvements have made enough of an impact to make them more competitive. While relations with labor markets and foreign countries may still need improvement, Portugal is taking steps to make it's country powerful and influential across the world. If these positive and socially-responsible steps continue into the future, Portugal will become a more important and productive country and continue to improve their competitiveness ranking throughout the world.
http://www.theportugalnews.com/cgi-bin/article.pl?id=1129-2
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