Barriers and Opportunities for Enhancing Capital Flows
In the COMCEC Member Countries
113
*3. Availability of skilled labour; mean years of schooling
 Very good: if more than 11
 Good: if between 9 and 11
 Fair: if between 7 and 8.9
 Poor: if between 4 and 6.9
 Very poor: if less than 4
4. Quality of work force (flexibility, adaptability, initiative)
 Very high  High  Moderate  Low 
Very low
5. Degree of restrictiveness of labour laws on hiring and
firing practices
 Very low  Low  Moderate  High 
Very high
6. Extent of wage regulation
 Very low: wages determined by supply and demand;
no wage regulation; no minimum wage law or law not
enforced
 Low: wages determined mainly by supply and
demand; some minimum wage regulations for specific
sectors
 Moderate: some controls including strict minimum
wage law
 High: extensive wage controls; government influence
extensive
 Very high: government determines wage structure
7. The hiring of foreign nationals
 Very easy
 Easy
 With some difficulty
 With great difficulty
 Almost impossible
Consider: immigration barriers; rules on employment
of local nationals; unofficial barriers
*8. Cost of living (mid-1998 base; index New York=100)