Global Opportunity Index 2023: Focus on Emerging Middle-Income G20

49 Pages Posted: 4 Mar 2023

See all articles by Claude Lopez

Claude Lopez

Reserve Bank of Australia

Joseph Bendix

Milken Institute

Maggie Switek

Milken Institute

Lawson Mansell

Milken Institute

Date Written: March 1, 2023

Abstract

The 2023 Global Opportunity Index (GOI) report focuses on the Emerging Middle-Income G20 countries. The GOI rankings of the 124 countries considered this year are published on our interactive website.

Five years after the first GOI report focusing on Emerging G20 countries, the 2023 GOI report provides a nuanced assessment of these countries’ performance and ability to attract current and future international investment.

Our analysis draws several insights by leveraging the width and depth of the GOI; its five categories and 14 subcategories focus on critical aspects of a country beyond its economy (such as its regulatory framework), the efficiency of its administrative process, labor force’s skill level, pollution, digital infrastructure, access to capital, and more.

Two main trends emerge from a look at the entire group of Emerging Middle-Income G20 countries (EMIs G20). For most countries, the two dimensions that perform best are:

• Financial Services, which accounts for the depth and breadth of a country’s financial system and its accessibility.
• Economic Fundamentals, which accounts for the country’s macroeconomic outlook, its readiness for future growth, and the quality and diversity of its labor force.

Keywords: capital flows, foreign investment, sustainable growth

JEL Classification: F3, Z38,

Suggested Citation

Lopez, Claude and Bendix, Joseph and Switek, Maggie and Mansell, Lawson, Global Opportunity Index 2023: Focus on Emerging Middle-Income G20 (March 1, 2023). Available at SSRN: https://ssrn.com/abstract=4373627 or http://dx.doi.org/10.2139/ssrn.4373627

Claude Lopez (Contact Author)

Reserve Bank of Australia

65, Martin Place
Sydney, NSW 2000
Australia

Joseph Bendix

Milken Institute

1250 Fourth Street
Santa Monica, CA 90401
United States

Maggie Switek

Milken Institute

Lawson Mansell

Milken Institute

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