Italy, along with 12 other countries (8.8% of the total), has a medium-high level of attractiveness.
September 5, Forum The European House – Ambrosetti at Cernobbio. The elaboration and publication of the Global Attractiveness Index (GAI) 2021 takes place in an unprecedented socio-economic and geopolitical framework that poses new challenges for the relaunch of growth, both for institutions and companies. “The updated version of the GAI provides a complete picture of the strong and weak points of each Country. It offers companies a rich source of information on which to base their diversification and investment strategies. It gives public authorities a series of key suggestions for improving the competitiveness of their Countries and bridging any existing gaps.” said Lorenzo Bini Smaghi, member of the Scientific Committee of the research project.
The GAI maps 148 economies around the world, with nearly 1 million data points collected, and seeks to capture how the “geography of attractiveness” changes as the speed of each country changes with respect to others, not just with respect to itself. In this sense, the GAI is a relative index, in that it subjects each economy to a comparison with “the best” (in 2021, the United States), using four macro-areas as reference (openness, innovation, endowment and efficiency).
Only 8 countries are positioned in the high attractiveness range (equal to 5.4% of the total). Italy, along with 12 other countries (8.8% of the total), has a medium-high level of attractiveness. 51 countries have a medium-low attractiveness (34.5%), while 76 countries have a low attractiveness (51.3%). Furthermore, it is important to underline that the top 20 countries attract nearly 30% of global attractiveness.
In GAI 2021, Italy ranks 20th and loses two positions in the Positioning Index but: 1) recovers the historical gap on Germany and France; 2) sustainability and expectations of growth raise the prospects for the future of the country ; 3) The National Recovery and Resilience Plan moves an extraordinary amount of resources, but the probability that it will have a lasting impact is also linked to the foreign direct investment that it will be able to trigger and on which Italy and Europe see a further decline in 2020.
Source: The European House – Ambrosetti Press Release