Page 128 - Theoretical and Practical Interpretation of Investment Attractiveness

Although we have expounded on this issue in the previous paragraph, it's stuck in this
paragraph to go look at some of international experience should be to convey your country
have found that many times.
The state's investment environment evaluation charm in this one of the most common
methods today – global competitiveness index; index of doing business; the economic
independence of the state rating.
Table 3.3.4
Global competitiveness index, the highest rating that a leader has on-state 149
2013-2014 2014-2015 2016-2017 2018-2019 150
States
Rating. Price Rating. Price Rating. Price Rating. Price
Switzerland 1 5,67 1 5,67 1 5,81 5 82,3
Singapore 2 5,61 2 5,61 2 5,72 1 84,8
USA 5 5,48 5 5,48 3 5.7 2 83,7
Finland 3 5,54 3 5,54 10 5,44 11 80,2
Germany 4 5,51 4 5,51 5 5,57 7 81,8
Japan 9 5,4 9 5,4 8 5,48 6 82,3
Hong kong 7 5,47 7 5,47 9 5,48 3 83,1
NIderlandiya 8 5,42 8 5,42 4 5,57 4 82,4
Uk 10 5,37 10 5,37 7 5,49 9 81,2
Sweden 6 5,48 6 5,48 6 5,53 8 81,2
The composition of the global competitiveness index: quality of institutions,
infrastructure, macroeconomic stability, health and primary education, higher education and
retraining, efficiency of goods and services markets, efficiency of the labor market,
development of financial markets, level of technological development, scope of the domestic
market, competitiveness of companies, consists of indicators related to innovative potential.
As can be seen from Table 3.3.4, among the top 10 ranked countries in the last five
years, Singapore was ranked second after Switzerland, but in 2019 it took the first place. If
we look at the exact statistics, Switzerland has been leading this ranking for six years, and
Singapore for four years. This country takes 3rd place in 7 out of 12 indicators of the global
competitiveness index, 1st place in terms of "efficiency of goods and services" and 2nd place
in terms of "efficiency of the labor market" and "development of financial markets". The
recording of these results is influenced by the measures taken by the state to improve the
system of higher education in the country and train highly qualified specialists.
For 10 years, Singapore has been on the 1st place in the Doing Business Index
published by the World Bank Group and the International Finance Corporation. According to
the conducted research and the results of the conducted survey, the stability of the political
system of the state, effective economic policy, the availability of high investment
opportunities and the development of infrastructure influenced the conditions created for
opening and running a business in Singapore and achieving high results.

149 Prepared based on data from The Global Competitiveness Index Report, 2014-2015.
150 Since the publication of The Global Competitiveness Index Report 2019 of the World Economic Forum, the assessment
has been changed from a scale of 1-7 to a scale of 1-100.
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