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Last updated: 27 September, 2006 - Published 11:22 GMT
 
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Caribbean countries good for business
 
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Several Caribbean countries listed among the most competitive in the world
Several Caribbean countries have made the list of the most competitive countries in the world to do business.

The list is compiled by The World Economic Forum.

It's an international organisation which says it works to improve the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.

The ranking of the world's most competitive economies is based on a survey of over 11,000 business leaders in 125 countries conducted by the World Economic Forum.

Barbados

Barbados, which is included for the first time, comes in at number 31.

It's top of the list of the five Caribbean countries included in the list, and second only to Chile among Latin American countries considered to be competitive economies.

That puts Barbados ahead of countries such as Venezuela, Portugal, Italy, India, South Africa and Panama.

Jamaica is ranked at 60 - that's an improvement from 63 where it placed in the previous study.

Next for the Caribbean is Trinidad and Tobago, which dropped one place to 67.

Other Caribbean countries making the list of most competitive economies are: The Dominican Republic at 83, Suriname at 100 - another first time entrant - and Guyana at 108.

The poll aims to examine the range of factors that can affect an economy's business environment and development.

The World Economic Forum says it assesses this against a background of countries seeking to maintain economic growth - including the levels of judicial independence, protection of property rights, government favouritism in policy-making and corruption.

Switzerland, Finland and Sweden - in that order - are the top three most competitive economies according to the Forum's latest Global Competitiveness Report.

The United States saw the most pronounced drop in the top 10 rankings, falling from 1st to 6th.

The Netherlands placed ninth, Britain 10th and France 18th.

 
 
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