Brazil makes progress, but not enough to rise in the overall ranking
Brazil was ranked second to last in the general 2018-2019 ranking among 18 selected countries. Chile and México, two other cases of Latin American countries, are placed, respectively, in the 8th and 11th positions of the ranking. Despite the improvements recorded in macroeconomic environment and red tape variables, Brazil has remained second to last in the ranking. Brazil’s competitive disadvantage in Availability and cost of capital is the most critical of the nine factors evaluated (18th among 18).