Best Business Is Abroad For British Companies
Posted by Neil Payne on February 12th, 2010India is one of the top three countries where British companies can do better business than anywhere, indicating a revolution in the way
Britain trades and invests with the world.
A new official report released today said India, Eastern Europe and other countries of Asia are set to become better places for British companies to make money than Western Europe.
The report by Leeds University Business School, commissioned by UK Trade & Investment (UKTI), ranks the 52 countries offering the best opportunities for British companies before and after the ‘credit crunch’, and provides an intriguing insight into where UK PLC has been, and should be, investing time and resources to develop international business.
British Businesses Need To Look To Pstures New
Between 2005 and 2007, the countries offering the best opportunities were mostly Britain’s long-established trading partners: United States (1), Germany (2), France (3), Ireland (4), the Netherlands (5), Belgium (6), Spain (7), Italy (8), China (9) and Japan (10).
Five years later, the economic powerhouses of China, India and the US remain dominant, but beyond them the landscape is transformed, with the top ten countries increasingly dominated by the emerging economies of Eastern Europe, the Far East and Africa.
Between 2012 and 2014, the top ten is predicted to be: China (1), US (2), India (3), Libya (4), Ukraine (5); Russia (6), Romania (7), Korea (8), Mexico (9) and Singapore (10).
Just one western European country – Sweden – makes it into the top 20, while many of the UK’s biggest trading partners in the West slip dramatically, Germany (30), France (34), Ireland (42), the Netherlands (37), Belgium (44), Spain (47) and Italy (46).
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