CARICOM countries remain ‘off the pace’
For all the international attention which Guyana has derived in recent years on account of the country’s ‘world class’ oil finds and the various prognoses that have been articulated for the country’s future, it will, it seems, be some time before it secures any of those global accolades reserved for the ‘high fliers’ in the global economy. When the prestigious business periodical, CEOWORLD released its most recent 2024 issue recently, Guyana’s now world-renowned petro status was still not sufficient to secure the country a place on the ‘leader board’ of investor-friendly countries.
CEOWorld’s table of investor-friendly countries released earlier this year ranks Singapore as the best country in the world for investing or doing business in 2024. The United Kingdom is ranked second followed by Taiwan (No. 3), India (No. 4), and Indonesia (No. 5). Singapore has been ranked as the most attractive destination for investors and businesspersons among 80 countries, and it continues to hold its position at the top. No CARICOM country appears on the list of sixty (60) countries that appear in the publication’s rating of investor- friendly countries.
CEOWORLD magazine is promoted as the world’s leading business magazine for CEOs, CFOs, investors, high-level executive professionals, successful business leaders, and high-net-worth individuals. CEO’s rankings are based on eleven I11) different criteria including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness.
While the relatively brief period since Guyana begun to build its investor friendliness credentials means that the country is still some distance from significantly climbing the global ‘investor-friendly ranking, the CEOWorld’s ’s investment ranking list provides the country with a target to aim at. Apart from its investment-friendly ranking, CEOWorld reportedly covers topics “from leadership and innovation, to health, wellbeing and life-changing travel, our business and lifestyle content educates and inspires our readers.”
The CEOWorld 2024 edition reportedly “offers investors and entrepreneurs a comprehensive understanding of the strengths and weaknesses of different countries as destinations for capital and entrepreneurship.
From Singapore’s top ranking as a leading hub for business and innovation to the United States’ enduring appeal as a global economic powerhouse, the report highlights the diverse array of opportunities available to businesses seeking growth and expansion in today’s interconnected world.”
