• Skip to content
  • Skip to navigation

Grant Thornton uses cookies to monitor the performance of this website and improve user experience.

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

Global site
  • Global site
  • Algeria
  • Botswana
  • Cameroon
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Malawi
  • Mauritius
  • Morocco
  • Namibia
  • Nigeria
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Anguilla
  • Antigua
  • Argentina
  • Aruba, Bonaire, Curacao and St. Maarten
  • Bahamas
  • Barbados
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada LLP
  • Canada RCGT
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Dominica
  • Ecuador
  • El Salvador
  • Grenada
  • Guatemala
  • Honduras
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St Kitts
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad & Tobago
  • Turks and Caicos Islands
  • United States
  • Uruguay
  • Venezuela
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Mongolia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Israel
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • North Macedonia
  • Northern Ireland
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • UK
  • Uzbekistan
  • Bahrain
  • Egypt
  • Jordan
  • Kuwait
  • Lebanon
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates
  • Yemen
Grant Thorton Logo

Grant Thornton Logo Grant Thornton Logo

EN JA VI
  • Insights
  • Services
  • Meet our people
  • Locations
  • Careers
  • Events
  • Solutions for your business
  • Audit and Assurance Services
  • Tax Services
  • Advisory Services
  • Business Process Solutions
  • Digital Advisory
  • International Corporate Structuring Services
  • Japan Desk
  • Korea Desk
  • China Desk
Audit and Assurance Services Home
  • Audit Services
  • Audit Quality
  • Audit Approach
Tax Services Home
  • Licensing services
  • International tax planning
  • Expatriate tax planning
  • Tax advisory
  • Tax compliance services
  • Tax health check
  • Transfer Pricing
  • Tax due diligence
  • Customs and international trade
  • M&A Transaction
  • Industrial Zones – Picking A Location For Your Business
  • Tax Audit Support
Advisory Services Home
  • Business Risk Services
  • Transaction Advisory Services
  • Valuation
  • Business consulting services
Business Process Solutions Home
  • Accounting services
  • Taxes compliance within outsourcing
  • Payroll, personal income tax and labor compliance
  • Secondments/Loan staff services
  • Compilation of the financial and non-financial information
  • ERP and accounting software advisory
  • Accounting systems review and improvement
  • Initial setting-up for accounting and taxes systems
  • Management accounting and analysis
Digital Advisory Home
  • Digital transformation
  • Digital marketing & sales
  • Digital HR
  • IT audit, digital governance and digital risk management
  • Technology design, selection & project quality assurance
  • Digital security
  • Technology architecture
  • Data analytics, business intelligence & dashboards
International Corporate Structuring Services Home
  • Offshore company establishment service
  • Private Trust Advisory
  • The Grant Thornton Difference
  • Experienced hires
  • Fresh graduates
The Grant Thornton Difference Home
  • Our values
  • Learning & development
  • Global talent mobility
  • Diversity
  • In the community
Experienced hires Home
  • Available positions
Fresh graduates Home
  • Available positions
  • Grant Thornton Vietnam | Audit | Tax | Advisory | Business Process Solutions
  • Press releases
  • 2012
  • Best business growth environments unmasked

Best business growth environments unmasked

28 Sep 2012
  • Best business growth environments unmasked

Grant Thornton announces departure of Belgian member firm

Growing businesses would be wrong to overlook developed economies in favour of emerging economies, according to the new Grant Thornton Global Dynamism Index (GDI). The index reveals that despite facing low growth in the short-term, many developed economies still offer businesses favourable conditions for future growth. Mature economies also score more highly than emerging economies for the dynamism of their financing environment.

Developed in conjunction with the Economist Intelligence Unit, the GDI ranks 50 economies on 22 indicators of dynamism. It reveals that the Nordic region is the most dynamic [1] in the world, scoring [2] 66.1 out of 100. The mature economies of North America (62.9) and the G7 (59.6) come second and third. These are higher than the scores for the largely developing regions of Eastern Europe (55.7), the Growth-8 [3] economies] (55.0), Latin America (53.8) and the Middle East and Africa (51.0), although Asia-Pacific (59.3) is just ahead of Western Europe (59.2).

Ed Nusbaum, CEO of Grant Thornton International said: At first glance, the GDI results may appear counterintuitive. Reason suggests that emerging markets are growing faster at the moment and therefore offer more commercial opportunities. However, instinct should tell businesses to look beyond GDP growth rates to the other attributes of mature economies that make them excellent locations for future business growth.

For example, the top three economies “ Singapore, Finland and Sweden are all trade oriented, have well developed legal frameworks and invest heavily in R&D, attributes indicative of an environment with fosters business growth.

Economic growth is just one of five areas highlighted as central to the dynamism of an economy; the others being business operating environment, science and technology, labour and human capital and the financing environment. This means the ranking goes well beyond the headline growth figures that are used to assess economic health.

Ed Nusbaum continued: The importance of dynamism in an economy cannot be understated. Commentators in the US have said recently that the country will lose its identity on the global stage if it loses its economic dynamism. I agree and urge countries around the world to look at how they can boost the dynamism of their economies to boost global growth.

Clearly, there are many different paths to achieving growth, and different factors will work better for different businesses. But the greatest takeaway for me is certainly that businesses should not give up on the developed economies just yet.

[1] "Dynamism" is defined as changes to the economy which have enabled recovery from the 2008-09 economic recession and are likely to lead to a fast rate of future growth.

[2] Modelling the indicators and categories results in scores of 0-100 for each country, where 100 represents the most dynamic environment and 0 the least.

[3] Brazil, China, India, Indonesia, Mexico, Russia, Korea, Turkey

Share this page
  • Facebook LinkedIn
  • Twitter Twitter
  • LinkedIn LinkedIn
  • WhatsApp WhatsApp
  • Email Email
  • Grant Thornton on Youtube
  • LinkedIn icon
  • Facebook icon
CONNECTclose
  • Meet our people
  • Contact us
ABOUTclose
  • About us
  • Careers
  • Press
LEGALclose
  • Privacy Policy
  • Cookie policy
  • Disclaimer
  • Site map

© 2021 Grant Thornton (Vietnam) Limited - All rights reserved. "Grant Thornton” refers to the brand under which the Grant Thornton member firms provide  assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

    • EN
    • JA
    • VI