Costa Rica fell from No. 46 to 58 in the global ranking 2012 Information Technology performed by the World Economic Forum.
Too much paperwork, bureaucracy and lack of infrastructure are the factors that caused the loss of 12 places in the last year and in turn limiting the growth of new businesses.
In Latin America, the country ranks fourth.
The director of the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP), Shirley Saborío, explained that these failures have been recurring for at least 5 years.
Saborío followed it with some positive issues like education of Costa Rica and efforts on simplification of procedures.
Global ranking of Information Technology 2012 factored a total of 142 countries.