Of the top 10 world economies with the highest prospects for commerce growth in 2013, the U.S. is noticeable for its absence.
Based on Grant Thornton's 2013 Global Dynamism Index (GDI) involving 50 countries, the U.S. slid down from No. 10 last year, to No. 11 in 2013. And to make it worse, its stats for indicators such as financing and labor markets, sank from a collective 64.1 in 2012 to 60.5 in 2013.
Yet, it is not that bad. U.S. left behind the Japanese (15) and the South Koreans (13). It also crushed the U.K., which ranked 34 overall, scoring only 51.5 out of a perfect 100. So, things in the U.S. are far from being that bad.
"I believe the U.S. is playing out almost exactly the way we expected," said Marc Tommasi, a managing director at investment company Manning & Napier. "It is neither bright nor that terribly bad."
Grant Thornton's index provides insights into which of the 50 nations evaluated presents the best ecosystem for investment growth. The U.S. has dropped from the charts. But it has some company. Only a few nations have scaled the charts, and among the most stellar performers is China. It joined the top 10 this year after having placed No. 17 in 2012.
Rankings are according to performance in five main areas - business working environment, economics & growth, science & technology, labor & human capital and the lending conditions.
The obvious news from this year's index: Asia is a powerhouse for investment growth. And even with the Nordic nations sliding, government policies there make it one of the most ideal areas in the globe to nurture a business. Even more so than the center of capitalism, Uncle Sam.
For China, the business working environment and financing were both graded badly, close to the base of the stack. However, nothing defeats the Chinese labor market. Not merely is it cheap, but on the East Coast especially, they are exceedingly skilled as well. In addition, in terms of holistic outlook there, China is No. 2 for general