Only CDMX had a ‘very high’ evaluation in the IMCO 2024 State Competitiveness Index, with the best ratings for hospital beds and educational coverage.
Mexico City, Baja California Sur and Coahuila are the most competitive entities in the country, which implies that they have more elements to retain talent and attract investments; In contrast, the least competitive states are: Oaxaca, Guerrero, Chiapas and Michoacán, reported the Mexican Institute for Competitiveness (IMCO).
According to the 2024 State Competitiveness Index, only CDMX had a “very high” score and the best evaluated items are those related to educational coverage and the average level of schooling, in addition to having the greatest infrastructure in hospital beds and the highest rate of specialized medical and nursing personnel as a proportion of the population.
Other points in favor of CDMX are related to its gross domestic product (GDP) per capita, economic diversification, energy intensity of the economy, point-of-sale terminals, use of mobile banking, savings collection, air cargo, as well as foreign investment direct, patents, vehicle theft, injuries in land traffic accidents, Internet access and flow of air passengers
However, it is one of the three entities with the highest infant mortality rate, in addition to having challenges in issues such as attacks on journalists, perception of state corruption and crime incidence.
Meanwhile, Baja California Sur, with a “high” evaluation within the index, has the best evaluations in perception of security, foreign direct investment, homicides, tourist GDP, hospital beds, educational coverage, life expectancy, medical personnel with specialty , mobile telephony, point-of-sale terminals and air passenger flow.
However, the main challenges are in the energy intensity of the economy, export of goods, economic diversification and capturing savings.
Coahuila, with a “high” evaluation, has the greatest strengths in terms of notarial services, access to health institutions, number of homicides, vehicle theft, perception of security, merchandise exports, GDP per capita and life expectancy.
But its main challenges are in issues such as: attacks on journalists, crime incidence, tourism GDP, foreign direct investment, GDP growth, educational coverage, injuries in land traffic accidents, savings collection, air passenger flow and air cargo
Contrary to these entities, Oaxaca presents the greatest lags in foreign direct investment, access to health institutions, point-of-sale terminals and use of mobile banking.
Other challenges are found in topics such as GDP per capita, economic complexity in innovation sectors, patents, treated wastewater flow, hospital beds, educational coverage, life expectancy, infant mortality, specialized medical personnel, mobile telephony and access to Internet.
In Guerrero, the greatest challenges are found in issues such as unreported crimes, economic complexity in innovation sectors, competition in notarial services, attacks on journalists, GDP per capita, patents, access to health institutions, life expectancy, mobile telephony, Internet access, point of sale terminals.
In Chiapas, the greatest challenges are found in issues such as GDP per capita, hospital beds, educational coverage, life expectancy, infant mortality, specialized medical personnel, mobile telephony, and Internet access.
Other challenges are in issues such as foreign direct investment, economic complexity in innovation sectors, treated wastewater flow, access to health institutions, point-of-sale terminals and mobile banking.
In Michoacán, the greatest challenge is in the issue of educational coverage, although it also has to work on homicides per 100,000 inhabitants, vehicle theft, unreported crimes, perception of security, treated wastewater flow, hospital beds, access to health institutions, life expectancy and technological issues such as: mobile telephony, Internet access, point-of-sale terminals and use of mobile banking.
Actions to boost competitiveness
In general terms, to boost the competitiveness of entities, the IMCO proposed designing local investment attraction strategies focused on nearshoring through the creation of state agencies and creating digitalization strategies to promote access to telecommunications and internet services.
Other actions are related to promoting links between industries and higher secondary and higher education institutions in order to promote skills related to STEM (science, technology, engineering and mathematics) and promote the use of digital media to file complaints and follow-up on procedural matters. as a support tool for prosecutors.
He also proposed designing digital strategies to improve access to health services, favoring the use of digital clinical records to reduce waiting times in the provision of services and having proactive management of public debt to pursue a strategy focused on financing productive projects. that resolve problems at the local level.
Source: forbes
