Maintaining the presence in this ranking of Europe’s most competitive economies, Portugal remains ahead of Spain and Italy. According to The Portugal News, the good infrastructure in Portugal is one of the elements that guarantees this advantage. Even facing challenges in various areas, the country has solid indicators that contribute to reinforce its position.
According to the source mentioned above, the transport network, the internet coverage and the qualification of the population are some of the strengths.
This performance is associated with gradual improvements in essential sectors, making the country more attractive to investment and innovation.
Education and population boost improvement
The registration fee in secondary education and population growth are among the factors that reinforce good infrastructure in Portugal. These indicators demonstrate progress in the formation of new generations.
However, according to the same source, structural weaknesses persist, such as the high fiscal burden and the slowness of the judicial system.
International ranking highlights Portugal
The prominent position results from the latest world ranking of competitiveness, prepared by the IMD Business School Business School. According to The Portugal News, Portugal comes well positioned in government and infrastructure, balancing economic weaknesses.
In infrastructure, the country has risen places thanks to the optimization of transport, improvements in digital access and reinforcement of basic infrastructure.
Talent formed but difficult to fix
“Portugal has a good infrastructure, not only at basic level, but also in transportation networks, and evolution in the education rate, qualification is one of the biggest achievements of recent years,” says Filipe Grilo, a port Business School economist in statements to The Portugal News.
However, the departure of professionals to other markets limits the return on investment in training, as referred to in the same source.
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Government wins points, economy loses breath
Governing performance shows improvements, a factor that balances part of weaknesses in business and economic performance.
Still, problems such as food waste and dependency ratio continue to impact the final score.
Strategies to hold position
Filipe Grilo warns that although Portugal remains ahead of Spain and Italy, “other countries are progressing faster,” which requires reforms to consolidate good infrastructure in Portugal as a factor of attraction.
Talent retention, fiscal simplification and the speeding up of justice are essential steps to support this path.
Solid base to face competition
Policies that reinforce innovation and qualification can ensure the maintenance of Portugal’s place in the ranking.
Good infrastructure in Portugal remains an advantage to raising funds and resisting the pressure of emerging economies. According to the, balancing population growth, qualification and modernization of infrastructure will be crucial to advance positions.
Pedro Grilo comments at the end that the country “produces a lot of talent and a lot of qualified labor, but cannot absorb them”
IMD Business School data prove that good infrastructure in Portugal is one of its strongest supports in this global and competitive context.
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