Daniel Altman’s 2015 list of investment attractiveness by country is out. The ranking is based on an index for baseline profitability that assumes that three factors affect the ultimate success of a foreign investment: how much the value of an asset grows; the preservation of that value while the asset is owned; and the ease of repatriation of proceeds from selling the asset. The index combines measures for each of these factors into a summary statistic that conveys a country’s basic attractiveness for investment. Daniel Altman is the creator of the index and an Adjunct Professor at New York University’s Stern School of Business, in the Foreign Policy magazine.
How did it go? India jumped from number 6 to first, and Hong Kong, the 2014 leader slumped to the 11th position.
The list of the top ten is surprising, at least to a person unaccustomed to foreign investing.
1. India.
2. Qatar
3. Botswana.
4. Singapore.
5. Ghana.
6 Malaysia.
7. Mongolia.
8. Rwanda.
9. Zambia.
10. Sri Lanka.
How did the U.S.A. do? it came in as number 50 dropping 24 positions from 2014, when it came in as number 26.
China dropped to number 65, down from number 60 in 2014.
And who are the ten worst countries to invest in? (The list only has 110 countries, so Iran, Cuba and North Korea among others are not included.)
101. Nigeria.
102. Belarus.
103. Italy.
104. Papua New Guinea.
105. Russia.
106. Lebanon.
107. Angola.
108. Dem. Rep. of Congo.
109. Argentina.
110. Venezuela.
The Hindu Digest added a nice picture to brag about the great progress India has made since Narendra Modi became Prime Minister.
Len Bilén's blog, a blog about faith, politics and the environment. 