Brazil needs to evolve to be more competitive on the global stage. Infrastructure, government efficiency, corruption in politics are cited as reasons for the deterioration from 48th place to 56th place (out of 148 places). Macroeconomic conditions are also cited as a reason together with Brazil’s protectionist approach to international trade.
Brazil is a few places above India (60th) and The Russian Federation (64th) but far below China at 29th place.
The UK slips 2 places to 10th, and Switzerland retains the top position.
