India; Ease of doing business rank: 134
India has a projected annual GDP growth of 5.2 percent. Economic reforms have been a helping hand in the rise of the GDP and fall of the poverty rates. The Indian economy is expected to expand via agriculture and exports. After the general elections in India, the investments are likely to improve and hopefully will be on a rise. Raghuram Rajan, governor RBI insists that Indians have to work harder on the Human capital reforms.
Egypt; Ease of doing business rank: 128
With the projected annual GDP growth of 3.3 percent, Egypt is rising slowly from all the debris of political instability and other factors. Egypt’s economy depends mainly on agriculture, media, petroleum imports, natural gas, tourism, and textile. Its textile industry is growing annually at the rate of 6.5 percent. As it employs more than half a million people of Egypt, it plays a pivotal role in foreign exchanges. The textile industry also accounts of 25 percent of total Egyptian exports.
Indonesia; Ease of doing business rank: 120
Projected annual GDP growth of Indonesia is 5.7 percent. It is named as Southeast Asia’s largest economy. The flexibility of the growth of economy, low government debt, and fiscal management has contributed towards the upgrade of the economy and is commencing the inward flow of the finances of Indonesia. It is also the major client and shareholder of the World Bank. The easy accesses to credit cards have helped the growth of economy through domestic consumption.
Brazil; Ease of doing business rank: 116
Its projected annual GDP growth is 2.6 percent. The social economical policies of Brazil are a success among the investors. The policies have been among the top of macro economical indexes. There are laid four policies of Brazil, on which the economy of Brazil rose. These are: 1) building infrastructure thriving to build a strong support for a diverse and developed economy. 2) Decreasing the rate of poverty and inequality prevailing in the Country, so that each people can contribute towards the growth. 3) It opened its door to the world. And, 4) reformation of its domestic institutions.
Philippines; Ease of doing business rank: 108
Philippines remains the fastest-growing economy among all the emerging ones. The service sector of the Philippines includes 43 percent of GDP, and agriculture, which is the largest employer in the rural areas, contributes too. In Philippines, manufacturing is the most important sector in foreign exchange earned through exports. In a bid for high international reserves, the money from overseas workers contributes heavily. With its growing GDP above the target, (6.1 percent) it is high on its performance.
China; Ease of doing business rank: 96
With a projected annual GDP growth of 7.4 percent, China has undergone drastic change in its economy and financial system. The growth of the economy has been observed due to rapid continuation of industrialization, urbanization, and reformation into the world economy and The People’s Bank of China ending its monopoly and letting in positive successful reforms. In the economic transformation, China is on its way to pass the United States in 2042.
Russia; Ease of doing business rank: 92
At a projected annual GDP growth of 2.5 percent, Russia has emerged as a powerful economy. It is world’s largest Country in terms of land. Russia is now welcoming foreign investments with the help of its rebuilding exercise of infrastructures. Russia has grown more than its position of the oil and gas producing economy. Retail sales are growing at 13 percent annually in real terms. Construction is growing by 16 percent and domestic investment by 20 percent. These are the main catalysts behind leading multi-nationals setting up its base in Russia.
Morocco; Ease of doing business rank: 87
With a projected annual GDP growth of 4.4 percent, Morocco pledges to make its economy rise. The economic growth of Morocco is expected to rise further as some industries have been given a great back up by the implementation of the National Pact for Industrial Emergence. It was organized to help grow the new centre, job opportunities and new competitive market environment. Morocco keenly encourages niche industries for export, as a result, automotive sector, transport and logistics are blooming. It is also keen to expand its renewable energy capacity in future.
Czech Republic; Ease of doing business rank: 75
Czech Republic has a projected annual GDP growth rate of 2.1 percent. The stronger increase of the exports is sure to make a rise in the economy. With the Czech National Bank’s new policy to influence exchange rate and money supply will help in exports and gain market shares in key foreign markets. The reduced real interest rates will let firms and households increase their investments.
Turkey; Ease of doing business rank: 69
Its projected annual GDP growth is 4.1 percent. The economy of Turkey saw a quick rise unexpectedly. This can be possible by the increasing public demand and public spending. Property investment and construction firms did gave the required rise in the economy. The banks in Turkey are well-capitalized, public finances have become rich, public debt has fallen. Some of the reforms have been put in place to put the economy in right place.
Panama; Ease of doing business rank: 55
With a projected annual GDP growth of 6.7 percent, Panama boasts of economic stability. With the expansion of Panama Canal and on-going large public infrastructure projects, Panama is witnessing healthy growth in terms of both economy and infrastructure. Beside tourism, Panama has become one of the most preferred places for retirees, increasing the demand for real estate and giving a boost to the economy. Panama has kept the history of low inflation in the market. This emerging market has a Colon Free Trade Zone and is the second biggest free trade zone across the globe. Panama boasts of more than 80 foreign banks in its territory.
Hungary; Ease of doing business rank: 54
Despite its economy is in messed up condition, Hungary witnessed the projected annual GDP growth of 1.9 percent, making through the list of world’s best emerging markets. The retail sales are going to rise at an annual average rate of 3.2 percent between the year 2009 and 2014. The economy of Hungary transformed itself into a market-based one where market forces were topping the influencing factor on resource allocation. With private sector playing the main role, Hungary is emerging fast with a global economy.
Mexico; Ease of doing business rank: 53
Mexico is one of the emerging economies with 3.7 percent projected annual GDP growth. On the way of its economic revival, Mexico became a member of the Pacific Alliance. Mexico designed a National Development Plan to enhance the growth and productivity. The government’s better tax reforms, better funding for economic and social developments are key for the growth of the economy.
Colombia; Ease of doing business rank: 43
Colombia has a projected annual GDP growth rate of 4.6 percent. The liberal business environment of Colombia is suitable for investors, and added profit, the economy currently is in full bloom. The profitable rise of the economy is mainly because of economic policies and the full promotion of the free trade agreements. In the following years the Colombia government’s debts have been converted into investment grade.
Poland; Ease of doing business rank: 45
Poland’s projected annual GDP growth rate is 3.2 percent. The exports in Poland have a larger share which eventually will give rise to the GDP. The private business sectors in Poland have seen a rapid growth with the privatization of state-owned small and medium companies. The private sectors in Poland have been the main force behind the rise of the economic growth in the recent years.
Peru; Ease of doing business rank: 42
Peru has a projected annual GDP growth of 5.5 percent. The growth of Peru’s economy has been governed by the sound economic policies. Since colonial times, Peru’s economy thrived on mineral production. The U.S. Geological Survey rates Peru in the list of top five Countries for lead, silver, tin, and zinc reserves. In recent times, the economy has been seeking different fields too, though the minerals remain important. This step will secure Peru from the unexpectable cycle of markets of the mineral industries.
South Africa; Ease of doing business rank: 41
South Africa has a projected annual GDP growth of 3.1 percent. With the inclusion of South Africa in the economic coalition of Brazil, Russia, India, China; and its new economic stand, it’s a fast new emerging market. Being a fourth largest source of diamond and the consisting three quarters of global platinum reserves, it is bound to bounce back from the global financial crisis. The sophisticated banking sector helps South African economy in emergence. Private investors name South Africa as a gateway to other African Countries, while other investors seek its growth and expansion potential.
Chile; Ease of doing business rank: 34
The projected annual GDP growth of Chile is 4.3 percent. Chile is considered as the most stable and prosperous nation of South America. With the growth of Chile’s financial sector, the banking reform law approved in 1997 helped broadened the scope of permissible foreign activity for the banks in Chile.
Latvia; Ease of doing business rank: 24
The projected annual GDP growth rate of Latvia is 4.1 percent. Latvia is an open economy where exports contributes nearly a third of GDP. Being the member of World Trade Organization since 1990s, and European Union since 2004, Latvia belongs to the group of very high Human development Countries. The economy is seen stable with the treaties signed on investment, trade, intellectual property protection and avoidance of double taxation. The treaty has been signed between Latvia and United States.
Thailand; Ease of doing business rank: 18
With a projected annual GDP growth of 4.5 percent, Thailand plays a significant role in the global economy as well as in all the supply chains, especially food and hardware. Thailand is the largest exporter of rice, tuna and rubber, and the second largest exporter of sugar. Thailand continues to attract foreign investments and it is expected that the emerging market will attract more foreign investments in future.
South Korea; Ease of doing business rank: 7
With a projected annual GDP growth of 3.5 percent, South Korea has emerged as a winner amongst many economies in the world. This has been possible because of the good economic policies of the South Korean government. The inclusion of South Korea in many business lists indicates the stability and progressiveness of its economy. Currently, it’s producing goods of global praise and quality.
Malaysia; Ease of doing business rank: 6
With a projected annual GDP growth of 5 percent, Malaysia is among the Asia’s most vibrant economies. Malaysia was once dependant on products such as rubber and tin; currently it is a middle-income country with a multi-sector economy. It is based on services and manufacturing. Highest export of semiconductor components, electrical goods, solar panels, and information and communication related products, are done by Malaysia.