Tag: Rankings

PAI Ranking India Economic Freedom

India Economic Freedom Index

Posted on by

The Public Affairs Centre is a non-profit NGO think tank of India. For the second year, they have now released their ranking of States of India in the Public Affairs Index on Governance of 2017. One of eleven themes they compared is economic freedom, which deals with the efforts made by each state to enhance economic growth. They took the number of filed industrial entrepreneurs memoranda, the World Bank ease of doing business index, and the value of MSMEs assets into account. As a result, the following eight states ranked on top:

  1. Gujarat
  2. Telangana
  3. Maharashtra
  4. Andhra Pradesh
  5. Rajasthan
  6. Madhya Pradesh
  7. Uttar Pradesh
  8. Tamil Nadu

Info and image source: Public Affairs Centre, Bangalore.

Six of these eight states are also members of the GDP based G8x8. Only Karnataka and Kerala, ranking 4th and 8th in GDP, are listed much lower in the Economic Freedom Index: 10th and 16th.

USA United States of America

USA Economic Climate Ranking

Posted on by

CNBC have been publishing their economic climate ranking of all 50 states of the USA for eleven years. Now they issued their new ranking for 2017. Workforce and infrastructure are at the top of the list among 10 major categories and 66 metrics used in crowning the Top State for Business 2017. Key messages this year: (1) The skills gap across the labor market is big and getting bigger. (2) As President Trump talks up a $1 trillion infrastructure plan, states are talking more about the strength of their roads, rails, ports and utilities.

Check out the 2017 data table, sortable for all criteria, a chart and maps at CNBC Top States for Business.

Their overall ranking lists the following eight on top:

  • Washington
  • Georgia
  • Minnesota
  • Texas
  • North Carolina
  • Colorado
  • Virginia
  • Utah

Interesting enough: only one of their top eight business climate states is also a top eight GDP state, and thus listed among our G8x8. Try to find out which one it is!

Info and image source: CNBC

Texas

Texas Tops US Exports

Posted on by

Texas has been the top exporting state in the USA for 14 consecutive years. With over $251 billion in exports for 2015, this state continues to be the USA leader in international trade. It combines the following advantages:

  • a strategic location
  • the largest US rail and road infrastructure
  • the most US ports of entry
  • a multilingual workforce twice the national average
  • a vibrant international banking center
  • a diplomatic hub with a Consular Corps representing some 90 nations
  • and a concentration of corporate and financial resources

Many international firms base facilities such as warehousing, distribution, and manufacturing here to take advantage of excellent access to global markets.

From Texas, small, medium, and large businesses alike have found great success in doing business globally. Far from being the exclusive domain of large corporations, export trade here is driven by its most innovate, nimble, and oftentimes small firms. In fact, more than 90 percent of exporters are small businesses – and their numbers continue to grow. With its extensive global ties, Texas has a natural advantage in exporting knowledge-intensive services. It has become a major global exporter of high value-added services, including

  • accounting
  • communications
  • consulting
  • engineering
  • financial services
  • legal services
  • medical services
  • transportation services

With the slogan “Go Big in Texas”, the Department of Business Assistance (DBA) serves businesses and communities. It works to strengthen their competitiveness by promoting international trade, foreign direct investment, business retention and expansion. It also provides small business advocacy and entrepreneurial support. See their website at https://businessintexas.com/. For an overview of Texas trade and foreign direct investment, see especially this 2016 Report.

Image source: Texas Department of Business Assistance.

In terms of GDP, Texas ranks 2nd in the USA after California, contributing 8.8 percent to the national GDP of the United States. The “Lone Star State” occupies the 1×2 field of the G8x8 chess board. 2016 GDP stood at $1,616.8 billion, which was more than the national GDP of Canada or Russia.

 

G8x8 from 2008 to 2017

Posted on by

One major change in composition of the G8x8 from 2008 to 2017 is the new appearance of India↑ to country rank 7, and the fall of Russia↓ from rank 8 off of the chess board. Japan↓ and China↑ switched positions 2 and 3, and the UK↑ surpassed France↓ for rank 5 with France dropping to rank 6. Italy↓ dropped from rank 7 to 8. Only the USA maintained their position at rank 1, and Germany at rank 4.

G8x8 of 2008

There are also some rank changes within countries. Here is a summary of developments for each country:

  1. USA: Texas↑ and New York↓ switched postions 2 and 3; Ohio↑ and New Jersey↓ switched positions 7 and 8.
  2. China: Shandong↓ and Jiangsu↑ switched positions 2 and 3; Hebei↓ dropped from rank 6 to 7; Sichuan↑ newly appeared in the top 8 at rank 6; Hunan↑ appeared at rank 8; Shanghai↓ and Liaoning↓ dropped out of the top eight.
  3. Japan: Osaka↑ rose from rank 4 to 2; Kanagawa↓ dropped from 2 to 4.
  4. Germany: Berlin↑ and Sachsen↓ switched ranks 7 and 8.
  5. UK: No change within the country.
  6. France: In 2016, names and territories were changed, which make the 2008 and 2017 chess boards incompatible.
  7. India: New on the chess board.
  8. Italy: No change within the country.

In 2008, we also compared GDP growth rates between territories. Number one growth territory was Liaoning province of China with a growth rate of 13.1 percent. The fact that this most promising province of 2008 later fell off the chess board convinced us to discontinue the publication of short-lived growth indicators.