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Swiss experts explain why Ukrainian economy is not competitive

In the ranking of competitiveness Ukraine takes the 49th place out of 60 possible. It is demonstrated in the ranking compiled by the Institute for Management Development (IMD).

Swiss experts explain why Ukrainian economy is not competitive

The business school noted that business climate, infrastructure and competence of regulatory structures in government remained the most weak and unattractive spots in Ukraine, Joinfo.ua reports. However, skilled and highly educated workforce is the most interesting for investors in Ukraine.

By the competitiveness of countries IMD means the ability of the national economy to create and maintain an environment, where competitive business emerges.

According to the Swiss Institute, the U.S., Switzerland, Singapore, Hong Kong, and Sweden take the first positions in the competitiveness list. The last ranking position belongs to Venezuela.

Experts note that developing countries still heavily depend on the global economic recovery.

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