San Antonio, TX – June 27, 2022 – Frost & Sullivan recognizes the United States, Norway, and the United Kingdom for moving in the right direction and demonstrating the highest future growth potential globally. Based on macroeconomic growth indicators and citizen-centricity, the United States, Norway, and the United Kingdom have been ranked the top three countries, according to the 2022 edition of Frost & Sullivan’s Frost Radar™ for Economic Development.
Being aware of the increasing pressure on economic development with the transformation of the global economy, Frost & Sullivan has completed its 2022 analysis of the future growth potential for 175+ countries. This unique index assesses governments for their commitment to ensuring greater investment inflows and addressing citizen-centric goals such as skill development, employability, healthcare accessibility, climate change, infrastructure development, and quality of life.
David Frigstad, Chairman at Frost & Sullivan congratulates the governments of these countries for their efforts in ensuring innovation and investment across multiple sectors that serve the ever-evolving needs of their citizens. “The Frost Radar™ for Economic Development felicitates visionary governments that generate innovative and inclusive policies across social priorities to boost citizen satisfaction,” explained Frigstad. “These countries present growth potential and are a few of the easiest places to conduct business worldwide; their high ranking firmly corroborates the governments’ adherence to ensuring the well-being of the citizens while deploying foreign investments lucratively. Each of them has demonstrated remarkable social spending, a strong focus on digital education, and a firm commitment to the environment and climate change.”
When talking about the results, Aroop Zutshi, Global President at Frost & Sullivan added: “The data-driven robust framework is an immensely powerful tool that helps identify unique growth opportunities and attract foreign investment. The Frost Radar™ for Economic Development also empowers CEOs’ growth teams to re-strategize business priorities as it carefully evaluates growth opportunities in the context of geographic expansion”.
Frost RadarTM for Economic Development uses a wide range of economic and industry indicators to evaluate 175+ countries globally. The framework is based on two broad indices of Growth and Innovation, each of which is further segmented under seven pillars of Economy, Education, Environment, Healthcare, Infrastructure, Citizen Centricity, and Security.
To learn more about Frost & Sullivan’s Annual “Frost RadarTM for Economic Development”, and coordinate an Growth Pipeline Dialog with Frost & Sullivan Growth Coaches and Growth Experts to bring great value to your economic development strategy, please click here.
About Frost & Sullivan
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About Frost & Sullivan Institute
The Frost & Sullivan Institute (FSI) is a non-profit organization dedicated to utilizing business practices to address global priorities. The genesis of the institute goes back to the vision of either creating, or becoming part of, a solution that addresses threats to humanity. The Institute has identified strategic imperatives for transformation and believes that we can truly accelerate innovation to zero. To learn more about FSI, visit www.frostandsullivaninstitute.org
Media Contact:
Nicole Ryder
Corporate Communications
Email: Nicole.ryder@frost.com
As an expert in global economic development and market analysis, I bring forth a wealth of knowledge in understanding the dynamics that shape the growth potential of countries. My expertise extends to interpreting indicators, recognizing trends, and evaluating the strategic positioning of nations in the context of economic evolution. I have an in-depth understanding of the methodologies employed by prestigious organizations like Frost & Sullivan in assessing and ranking countries based on their economic development.
Now, let's delve into the key concepts used in the provided article about Frost & Sullivan's 2022 edition of Frost Radar™ for Economic Development.
Frost & Sullivan's Recognition Criteria:
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Macroeconomic Growth Indicators:
- This refers to the quantitative measures used to assess the overall economic health of a country. Indicators may include GDP growth, employment rates, and inflation rates.
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Citizen-Centricity:
- Frost & Sullivan emphasizes the importance of governments addressing citizen-centric goals. This involves a commitment to areas such as skill development, employability, healthcare accessibility, climate change, infrastructure development, and quality of life.
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Frost Radar™ for Economic Development:
- This is a proprietary tool developed by Frost & Sullivan to evaluate and rank countries based on their economic development potential. The radar uses a data-driven framework to analyze growth and innovation indices.
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Growth and Innovation Indices:
- The Frost Radar™ is structured around two broad indices: Growth and Innovation. These indices are further divided into seven pillars, including Economy, Education, Environment, Healthcare, Infrastructure, Citizen Centricity, and Security.
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Aroop Zutshi's Perspective:
- Aroop Zutshi, the Global President at Frost & Sullivan, emphasizes the data-driven robust framework as a powerful tool for identifying growth opportunities and attracting foreign investment. The tool also assists CEOs' growth teams in re-strategizing business priorities.
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Strategic Pillars:
- The Frost Radar™ evaluates countries under seven strategic pillars:
- Economy
- Education
- Environment
- Healthcare
- Infrastructure
- Citizen Centricity
- Security
- The Frost Radar™ evaluates countries under seven strategic pillars:
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Growth Pipeline Dialog:
- The article encourages readers to learn more about Frost & Sullivan's Annual "Frost RadarTM for Economic Development" and coordinate a Growth Pipeline Dialog. This dialogue involves engaging with Frost & Sullivan Growth Coaches and Growth Experts to enhance economic development strategies.
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Frost & Sullivan and Frost & Sullivan Institute:
- Frost & Sullivan, with a legacy of six decades, is renowned for helping investors, corporate leaders, and governments navigate economic changes. The Frost & Sullivan Institute (FSI) is a non-profit organization dedicated to addressing global priorities through business practices and accelerating innovation.
In conclusion, the Frost RadarTM for Economic Development provides a comprehensive assessment of countries' growth potential, considering various economic and social factors, and serves as a valuable tool for businesses and governments in strategic decision-making.
