According to the Economic Forum, Brazil scores lowest in business dynamism. But the de-bureaucratization law suggests an intention to improve

On Tuesday, the 16th, a ranking was published by the World Economic Forum, in partnership with the Dom Cabral Foundation, that evaluates the economic competitiveness among 140 countries. Brazil scored the worst rating in the “Business Dynamism” category, dropping down 3 positions and ranking in 72nd place among the 140 countries evaluated. On a scale of 0 to 100 points, Brazil scored 59.5.

According to Albieri and Associates’ director, Luiz Albieri, one of the factors that could have contributed to this setting is the bureaucracy, still very much a part of Brazilian culture. According to Luiz, the recently enacted Law No. 13.726/18, known as the De-bureaucratization Law, suggests a clear intention to improve this context, but there is still a lot that needs to be done.

The criteria evaluated by the Forum were aimed at categorizing countries that are most prepared to adapt their economy to the new technological revolution, driven by the automation of activities and 5G technology. These are the countries that are known as “future-ready”.

Two points that were evaluated draw positive attention to Brazil. The capacity for innovation and the size of the market, placing Brazil in 40th and 10th place, above the average of the other evaluated countries.

The points that Brazil came short on are clearly the result of the current economic backdrop and, in Luiz Albieri’s opinion, should not be counted as a negative for the evaluation because they reflect a particular period that the country is going through. They are: macroeconomic stability, the consumer market and the labor market, which put Brazil behind South Africa, for example.