Here are the ten best places to invest and do business for the post-coronavirus (COVID-19) world, according to CEOWorld magazine.
The study has analyzed 80 countries according to business and investment environments, and some other factors such as corruption, freedom, workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness.
#10 Czech Republic
The central European nation entered the top ten leading places for investors for this year.
Malaysia is the fifth Asian country to place among the top 10, garnering a total score of 81.021 with the best in an institutional framework.
#8 United States
Before the pandemic spread across the globe, the United States was a consistent country among the top ten list. However, investors might rethink considering that the country has the highest number of confirmed cases worldwide.
Identified as one of the tech hubs in Asia, the Philippines scored the seventh-best place for investors.
With a total score of 82.305, Australia performed well across all sectors, including education and research, market potential, and trade openness.
The South Asian nation scored high because of its institutional framework, followed by its education and research.
Indonesia has become the most popular holiday destination for Australians with a total score of 82.978.
An unexpected entry for many, Poland was identified to be one of the top-tier places for investment. The Eastern European nation ranked highly for its market potential and institutional framework.
#2 United Kingdom
Coming in at second place, the United Kingdom was found to offer the next best opportunity for investors with a total score of 84.494.
The island city-state topped the list for the best nation to invest in for 2020 with a total score of 86.087.
The pandemic could possibly trim global economic growth by 2% while global trade is predicted to plummet by up to 32%, according to Congressional Research Service.
—(Source: CEO World)