Thailand has secured the second spot among emerging and developing (E&D) economies in Asia, according to the Global Opportunity Index (GOI) compiled by the US-based Milken Institute. Globally, Thailand stands at 37th place, reflecting its strong position as an attractive investment destination.
Understanding the Global Opportunity Index
The GOI is designed to guide investors looking for opportunities beyond their local markets and to help countries improve their business environments. Maggie Switek, Senior Director at the Milken Institute, emphasizes the GOI's role in highlighting regions ripe for investment.
Key Indicators of the GOI
The GOI assesses 100 indicators, which are categorized into five key areas:
Business Perception
Economic Fundamentals
Financial Services
Institutional Framework
International Standards and Policy
These indicators provide a comprehensive overview of the investment climate and opportunities in each country.
Global and Regional Rankings
Globally, the top 10 countries in the GOI rankings are:
Denmark
Sweden
Finland
United States
United Kingdom
Netherlands
Germany
Switzerland
Norway
Ireland
In Asia, Singapore leads at 14th place globally, followed by Japan at 16th place.
Leading E&D Economies in Asia
For Asian countries in the E&D group, the rankings are as follows:
Malaysia: 1st in Asia, 27th Globally
Thailand: 2nd in Asia, 37th Globally
China: 3rd in Asia, 39th Globally
Indonesia: 4th in Asia, 55th Globally
Vietnam: 5th in Asia, 65th Globally
India: 6th in Asia, 72nd Globally
Mongolia: 7th in Asia, 78th Globally
Sri Lanka: 8th in Asia, 82nd Globally
Philippines: 9th in Asia, 91st Globally
Cambodia: 10th in Asia, 93rd Globally
Switek highlights that E&D countries in Asia attracted 53.2% of the capital invested in all E&D countries worldwide from 2018 to 2022. This significant capital inflow underscores the growing investor confidence in these markets.
Investment Appeal of E&D Economies
"While developed countries offer stability, investors are increasingly seeking higher returns from markets in emerging and developing economies," Switek notes.
Thailand's high ranking in the GOI is a testament to its robust economic fundamentals and favorable business environment, making it a prime destination for global investors.
As Thailand continues to enhance its institutional framework and adhere to international standards, it solidifies its position as a leading E&D economy in Asia. Investors looking for dynamic and high-potential markets should keep a keen eye on Thailand and its peers in the region.
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