So while Bafana Bafana didn’t even make it to the World Cup 2014 and Nigeria and Brazil had less than stellar performances, how do these three countries compare in the World Economic Forum’s Competitiveness 2013 – 2014 Report and the World Bank’s Ease of Doing Business Report 2013.
World Economic Forum Competitiveness 2013 – 2014 Report
The World Economic Forum Global Competitiveness Report is an annual research report detailing the productive potential of nations worldwide. The 2013 – 2014 Report featured record number of 148 economies with data tables of global rankings covering 100 indicators.
Ranking 1 – 10 out of 148
- Strength of auditing and reporting standards (Rank 1)
- Efficacy of corporate boards (Rank 1)
- Protection of minority shareholders’ interests (Rank 1)
- Regulation of securities exchanges (Rank 1)
- Legal rights index (Rank 1)
- Availability of financial services (Rank 2)
- Financing through local equity market (Rank 2)
- Soundness of banks (Rank 3)
- Effectiveness of anti-monopoly policy (Rank 8)
- Strength of investor protection (Rank 10)
- Best rank: Hiring and firing practices (Rank 11)
- Regulation of securities exchanges (Rank 7)
- Domestic market size index, 1-7 (best) (Rank 7)
- GDP (PPP$ billions) (Rank 7)
Ranking 130 – 148 out of 148
All three countries have a large numbers of areas for improvements. Download Accelerate Cape Town’s overview of three countries strengths and weaknesses of the WEF Competitiveness Report 2013 – 2014. South Africa’s much needed areas of improvement include the quality of our education and healthcare systems, and our labour market efficiencies.
Top 5 Countries for Competitiveness
- United States.
World Bank Ease of Doing Business 2013
World Bank’s. Ease of Doing Business ranks economies from 1 to 189. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country’s percentile rankings on 10 topics. Download Accelerate Cape Town’s comparison in World Bank Ease of Doing Business – South Africa, Nigeria, Brazil
- Ranks 41 out of 189 countries
- Most concerning is Getting Electricity where we rank 150/189.
- Ranks 147 out of 189 countries
- Nigeria has many of concerns but they rank 185/189 for Getting Electricity and Registering Properties.
- Ranks 116 out of 189 countries
- Rank 159/189 for Paying Taxes.
Top 5 Countries to do business in
- Hong Kong SAR, China
- New Zealand
- United States