No Improvement in ranking for Ireland in World Economic Forum Global Competitiveness Report 2011-2012

Ireland’s competitive position has not improved since last year. In the World Economic Forum's (WEF) new ranking of most competitive economies in the world Ireland remained at 29th position.
The most problematic factors for doing business in Ireland were stated in the WEF report to be;
Access to financing........................................................... 28.6
Inefficient government bureaucracy................................ 17.9
Restrictive labour regulations............................................ 9.8
Inadequate supply of infrastructure................................... 8.8
Tax rates ………………………………………………… 8.3

‘’However, there is significant work being done to address all of these issues , and as a consequence we expect Ireland’s Global competitiveness ranking to improve substantially next year,’’ stated John Whelan , chief executive of the Irish Exporters Association who collect data in Ireland for the WEF .

The chart above summarizes those factors seen by business executives as the most problematic for doing business in their economy. The information is drawn from the
2011 edition of the World Economic Forum’s Executive Opinion Survey. From a list of 15 factors, respondents were asked to select the five most problematic and rank
them from 1 (most problematic) to 5.The results were then tabulated and weighted according to the ranking assigned by respondents.
About the WEF Global Competitiveness Report 2011-2012The Global Competitiveness Report 2011-2012, comes out amid multiple challenges to the global economy and a continuing shift in the balance of economic activity away from advanced economies and toward emerging markets. Policymakers are struggling to find ways to manage the present economic challenges while preparing their economies to perform well in an increasingly complex global landscape and the report offers a unique tool in addressing some key issues.
This year’s report findings show that Switzerland tops the overall rankings. Singapore overtakes Sweden for second position. Northern and Western European countries dominate the top 10 with Sweden (3rd), Finland (4th), Germany (6th), the Netherlands (7th), Denmark (8th) and the United Kingdom (10th). Japan remains the second-ranked Asian economy at 9th place, despite falling three places since last year.
The most problematic factors for doing business in Ireland Access to financing...........................................................28.6
Inefficient government bureaucracy................................17.9
Restrictive labor regulations..............................................9.8
Inadequate supply of infrastructure...................................8.8
Tax rates ............................................................................8.3