Country Attractiveness
There are multiple factors determining host country attractiveness in the eyes of large foreign direct institutional investors, notably pension funds and sovereign wealth funds. Research conducted by the World Pensions Council (WPC) suggests that perceived legal/political stability over time and medium-term economic growth dynamics constitute the two main determinants
Some development economists believe that a sizeable part of Western Europe has now fallen behind the most dynamic amongst Asia’s emerging nations, notably because the latter adopted policies more propitious to long-term investments: “Successful countries such as Singapore, Indonesia and South Korea still remember the harsh adjustment mechanisms imposed abruptly upon them by the IMF and World Bank during the 1997-1998 ‘Asian Crisis’ What they have achieved in the past 10 years is all the more remarkable: they have quietly abandoned the “Washington consensus” by investing massively in infrastructure projects : this pragmatic approach proved to be very successful.”
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Famous quotes containing the word country:
“The anarchy, assassination, and sacrilege by which the Kingdom of France has been disgraced, desolated, and polluted for some years past cannot but have excited the strongest emotions of horror in every virtuous Briton. But within these days our hearts have been pierced by the recital of proceedings in that country more brutal than any recorded in the annals of the world.”
—James Boswell (1740–1795)