Improving competitiveness and innovation in Eurozone's struggling peripheral countries
Last month we said in an article on Greece's potential to improve its dismal inward foreign direct investment record, that the World Bank's 'Doing Business 2012' rankings of the ease of doing business in 183 countries, put Greece at 100, behind Yemen and Vietnam and just ahead of Papua New Guinea. This compares with Italy at 87, just behind the former communist ruled Mongolia; Spain is at 44; Portugal at 30 and Ireland at 10. In recent times there has been a focus on how the struggling peripheral economies of the Eurozone can end decades of underperformance through improving competitiveness and what a focus on innovation could do for Greece, Ireland and Portugal.
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