The ranking is relevant and important to policymakers in that MNCs will consider these rankings when deciding their investment location. Countries that wish to attract foreign direct investment and foreign funds should have a favourable ranking in these reports.
If a high ranking succeeds in attracting foreign investment, the general public will also benefit from more jobs and higher income, and firms can also reap benefits from more business opportunities.
However, one should not be too obsessed with the ranking. It is more important for a country to assess its strengths and weaknesses in these reports in order to enhance its competitiveness in the global business environment. Full story
