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(Image from World Economic Forum.)

The World Economic Forum has released its 2015-2016 Global Competitiveness Report. This report assesses the competitive landscape of 140 economies, “providing insight into the drivers of their productivity and prosperity.”

The full rankings index can be found here; the Report also includes a useful interactive map which visually indexes the competitiveness of the 140 countries.

In the African continent, the most competitive economy was Mauritius, in 46th place, ranking it just below the Russian Federation (45th), and higher than many other countries such as the Philippines (47th), Turkey (51st), India (55th) and Mexico (57th).

The other top African countries were South Africa (49th, climbing seven places due in part to improvements in Internet bandwidth and innovation), Rwanda (58th), Botswana (71st) and Morocco (72nd). Nigeria placed a shockingly low 124th. Despite its significant GDP and market size, Nigeria scored low on the efficiency of its goods market (100th) and financial markets (79th), as well as the poor health of the workforce (134th) and inefficient higher education (128th). Nigeria’s inefficient infrastructure (133rd) was singled out as the single most problematic factor for doing business in the country.

This is an Africa Business Blog post, presented by CHANG LAW. The blog series is posted on CHANG LAW’s International Arbitration (IA) Blog page, and covers a range of topics related to doing business in Africa.

2017-12-20T19:52:46+00:00

About the Author:

Eric Z. Chang, firm founder and Principal, has extensive experience practicing both in civil law and common law systems. He is a former French Avocat à la cour and a current member of the New York and California Bars. He has practiced in Paris, New York and California on cross-border matters involving parties and disputes in Africa, Europe, the United States, Latin America, Asia and the Middle East. His experience covers a wide range of issues and industries: he has represented commercial clients in cases dealing with construction delays and disruptions, finance, securities and accounting fraud, shareholder disputes, maritime attachments, oil and energy, banking and telecommunications. He also represents clients on investor-state disputes, including bilateral investment treaty (BIT) arbitration.