World Economic Forum: Areas of education, infrastructure and innovation are cause for Chile’s lag in development

SANTIAGO.- Unlike the countries that are members of the Organization for Economic Cooperation and Development (OECD), Chile possesses low levels of Innovation, Infrastructure, Education, Health and Technological Preparation.

The areas mentioned above take away from the ranking Chile achieved (which was notably higher than other countries in the region, but well below developed nations) in the most recent Networked Readiness Index of the Global Information Technology Report released by the World Economic Forum (WEF).

The study mentions restrictive labor legislation (25.5%), inefficient governmental bureaucracy (21.2%), inadequate education of the workforce (11.6 %) and tax regulation (10.5%) among the most problematic factors for Chilean business.

The research project, which measures a country’s ability to take advantage of the opportunities offered by information and communications technology and establishes an international frame for identifying the factors that facilitate such exploitation, was presented by Irene Mia, an economist invited by Microsoft Chile and director of the Global Competition Program for the World Economic Forum.