Wednesday, 21 September 2011
Global International Competitiveness
Here is a nice picture from a new report by BDO. It shows the top destinations in the world for investment, as ranked by CFO's of companies looking to expand. As expected, it is full of the stereotypes we have come to expect - Russia has cultural differences (mafia government), India has ethical issues (child labour), the UK has intense local market conditions (recession).
It is interesting to note though that somehow the UK manages to beat Russia and Brazil - so half the BRIC's and also comes in slightly ahead of France (although this reminds me of my train company this year hitting 80.003% service to magically avoid having to refund any of my tickets) - perhaps this report was not written in Paris. The US of course still does very well given the size and power of its market - again, interesting when there is so much current negativity around the US and its economy. Saudi, the Middle Eastern representative, still comes out last. From analysis like this I can see the Middle East falling behind like Africa as soon as the oil money is exhausted and looted by the current despots.