Appendix C; Weighted Scores

Calculation of Weighted Scores

Political Freedom

Change in Political Freedom

Literacy Score

Educational Emphasis

Expected Educational Achievement

Scientists & Engineers

Religion

Population Size

Population Growth

Population under 15

GDP Size

GDP per Capital

GDP Growth

Corporate Income Tax Rate

Individual Income Tax Rate

Value Added Tax Rate

Inflation Rate

Inflation Rate Improvement

Investment/GDP

R&D Expenditures

Military Expenditures

Unemployment Rate

Corporate Capital Gains Tax Rate

Individual Capital Gains Tax Rate

Investment Restriction Controls

Exchange Controls

Foreign Branch Taxation

Regional Alliances

Exports/GDP

Exports per Capita

Export Growth Rate

Imports/GDP

Trade Balance/GDP

Political Risk

Financial Risk

Economic Risk

Historical Currency Strength

Average Weighted Score

Differentiated Score

(0-10)

Average Weighted Score

Differentiated Score

(0-10)

WEIGHTS (Percent)

3.74

2.99

0.98

1.23

1.91

2.39

2.53

0.97

1.45

2.42

1.64

4.92

9.85

5.21

5.21

5.21

2.59

3.69

2.22

2.22

1.48

1.11

1.49

4.25

2.55

2.04

1.63

1.12

1.01

1.40

2.80

1.12

2.24

3.17

2.22

2.22

3.17

Argentina

37.40

29.90

8.29

5.56

14.33

1.47

17.71

1.64

7.75

12.55

2.71

6.84

22.98

34.95

36.47

14.59

20.72

5.09

4.89

1.90

11.84

1.99

14.90

41.23

0.00

20.40

7.88

3.36

0.58

0.21

10.73

0.59

0.42

15.58

7.88

1.55

3.17

11.62

5.0

Singapore

17.14

10.0

Australia

37.40

2.99

9.60

8.05

14.76

10.43

22.77

1.17

8.82

18.82

3.78

25.56

33.52

34.95

36.47

14.59

22.02

-2.46

6.26

8.88

10.36

6.98

14.90

41.23

0.00

20.40

7.88

0.00

0.75

1.04

5.75

0.92

-1.99

22.57

18.62

16.00

13.52

13.44

6.7

Hong Kong

16.11

9.1

Austria

37.40

2.99

9.60

8.05

15.84

6.75

17.71

0.78

11.28

21.51

2.85

32.28

25.57

29.86

13.31

10.42

23.31

1.85

10.37

9.51

13.32

9.36

14.90

21.25

12.75

20.40

6.76

11.20

1.20

2.12

2.95

1.52

-4.14

29.01

20.05

18.59

21.05

13.34

6.6

Taiwan

14.87

8.0

Belgium

37.40

2.99

9.41

8.20

15.63

7.64

17.71

0.88

13.15

21.51

3.10

29.87

21.24

23.51

12.74

9.38

23.31

0.92

2.91

10.78

11.84

6.59

14.90

42.50

0.00

20.40

5.36

11.20

3.60

6.00

7.41

3.46

5.28

25.79

18.62

15.49

18.82

13.23

6.5

Japan

14.14

7.3

Brazil

31.79

2.99

5.66

6.74

11.83

0.69

17.71

3.50

7.86

10.76

5.33

5.66

25.98

25.41

50.94

14.59

0.00

36.59

5.66

2.54

13.32

8.09

0.00

17.00

0.00

0.00

9.29

3.36

0.33

0.10

7.89

0.41

-0.88

1.61

10.74

1.55

0.00

9.33

3.0

Switzerland

14.08

7.3

Canada

37.40

2.99

9.60

11.13

19.10

9.78

20.24

1.50

9.94

19.72

5.20

29.41

26.62

25.94

26.04

37.51

23.31

0.41

4.11

10.15

11.84

6.50

5.07

7.97

0.00

20.40

1.21

7.84

1.45

2.29

8.22

1.34

3.00

25.25

20.77

16.00

15.19

13.09

6.4

Sweden

13.57

6.8

Chile

31.79

2.99

8.29

4.25

12.81

1.53

17.71

1.04

7.21

11.65

1.27

3.68

51.18

28.59

15.63

14.59

12.95

7.70

10.80

5.07

11.84

8.82

14.90

1.70

25.50

0.00

6.48

0.00

2.02

0.40

13.28

2.11

0.21

17.73

16.47

8.78

4.40

10.42

4.0

United States

13.48

6.7

China

3.74

2.99

4.80

3.81

0.00

2.26

18.98

9.68

9.67

14.34

4.92

0.64

87.96

33.04

19.10

16.67

7.77

11.15

3.81

10.36

9.74

13.11

42.50

0.00

0.00

7.04

0.00

1.25

0.04

18.44

1.14

2.79

12.89

3.58

17.04

6.91

11.17

4.6

Australia

13.44

6.7

Czech Republic

31.79

29.90

9.60

6.88

0.00

5.41

17.71

0.88

14.49

21.51

0.86

2.27

38.81

19.70

20.26

4.17

12.95

2.99

5.31

8.25

10.36

9.45

14.90

6.80

0.00

0.00

4.52

0.00

6.01

0.74

12.51

7.73

-22.42

20.95

12.17

8.78

11.83

9.68

3.3

France

13.44

6.7

France

37.40

2.99

9.60

8.49

15.84

10.68

17.71

2.10

12.72

20.61

7.64

32.13

91.17

30.75

5.44

13.34

23.31

0.18

3.26

15.86

10.36

5.48

14.90

0.00

0.00

0.00

9.29

11.20

1.00

1.75

5.57

1.01

0.69

24.18

19.34

13.42

17.74

13.44

6.7

Ireland

13.36

6.6

Germany

37.40

2.99

9.60

7.03

15.84

12.70

22.77

2.49

13.04

23.30

8.82

30.43

25.75

0.00

6.37

20.84

23.31

2.34

8.83

16.49

11.84

4.85

0.00

25.50

20.40

3.65

11.20

1.33

2.20

4.24

1.23

2.66

26.33

22.20

17.55

31.70

13.26

6.5

Netherlands

13.34

6.6

Hong Kong

20.57

2.99

7.94

4.39

10.42

0.00

18.98

0.68

10.21

20.61

2.04

21.04

66.06

52.10

53.84

52.10

15.54

3.90

14.06

9.55

14.90

42.50

0.00

20.40

11.67

0.00

8.49

10.24

15.62

9.93

-15.76

12.89

16.47

13.94

15.70

16.11

9.1

Austria

13.34

6.6

India

26.18

2.99

1.27

5.56

0.00

0.64

2.53

8.50

5.88

7.17

3.92

0.52

58.16

9.53

24.89

12.95

-7.50

7.71

5.07

10.36

14.90

17.00

0.00

0.00

0.87

0.00

0.40

0.01

10.74

0.48

-0.89

0.00

4.30

5.68

7.53

7.07

1.0

Germany

13.26

6.5

Indonesia

9.35

2.99

5.08

1.90

0.00

0.76

10.12

3.91

6.63

8.96

2.44

1.00

64.21

28.59

30.68

31.26

12.95

5.14

17.23

1.27

11.84

14.90

12.75

0.00

20.40

0.87

4.48

1.55

0.08

11.64

1.47

2.54

12.36

17.90

14.46

7.92

10.55

4.1

Belgium

13.23

6.5

Ireland

37.40

2.99

9.60

9.37

14.22

7.88

17.71

0.52

13.63

17.03

1.58

22.39

44.78

22.24

15.63

8.34

23.31

-0.79

0.17

8.88

12.43

5.19

14.90

8.50

25.50

20.40

5.08

11.20

3.54

4.32

12.57

2.76

15.60

24.72

16.47

16.52

17.67

13.36

6.6

Canada

13.09

6.4

Israel

31.79

2.99

7.07

8.79

0.00

20.32

20.24

0.66

4.28

11.65

1.69

16.90

46.29

13.03

13.31

16.67

10.36

-0.81

8.57

13.95

1.48

7.76

14.90

34.00

25.50

0.00

12.09

0.00

1.35

1.25

10.02

2.22

-12.71

11.28

10.03

13.42

1.33

10.31

3.9

Korea

13.04

6.3

Italy

37.40

2.99

9.22

7.61

0.00

5.49

17.71

2.08

14.48

24.20

7.30

29.74

24.27

17.03

2.78

12.50

20.72

0.82

2.40

8.25

11.84

5.72

5.24

21.25

25.50

20.40

1.66

11.20

0.88

1.43

6.10

0.82

1.76

20.42

20.05

13.94

14.83

11.62

5.0

United Kingdom

12.99

6.3

Japan

31.79

2.99

9.60

6.88

14.65

23.90

22.77

3.08

13.31

23.30

12.18

37.82

35.31

12.33

1.74

45.85

25.90

0.00

12.60

19.03

13.32

9.55

2.62

20.40

0.00

20.40

0.00

0.00

0.61

1.25

8.71

0.49

2.48

24.72

22.20

18.07

23.49

14.14

7.3

Malaysia

12.56

5.9

Korea

26.18

2.99

8.29

6.59

14.87

11.10

10.12

1.86

9.89

17.93

3.83

10.51

98.50

27.64

14.76

31.26

19.43

-0.38

18.77

17.76

8.88

10.13

10.43

0.00

0.00

0.00

5.22

0.00

1.73

1.00

28.00

1.97

-2.37

15.58

20.05

15.49

14.43

13.04

6.3

Thailand

12.41

5.7

Malaysia

26.18

2.99

6.27

7.76

0.00

0.37

10.12

1.26

3.58

4.48

1.61

4.19

73.01

32.40

31.84

31.26

20.72

0.00

20.83

2.54

8.88

9.74

14.90

34.00

0.00

0.00

7.32

4.48

5.83

1.33

19.58

6.45

-4.92

19.88

18.62

17.55

19.58

12.56

5.9

Argentina

11.62

5.0

Mexico

20.57

2.99

7.59

8.49

11.61

0.40

17.71

2.66

5.77

6.27

3.41

3.98

9.74

29.86

30.68

31.26

2.59

-36.90

7.97

1.90

13.32

8.82

14.90

12.75

0.00

20.40

6.76

7.84

0.85

0.18

11.88

0.87

0.41

19.88

15.75

7.23

1.20

8.42

2.2

Italy

11.62

5.0

Netherlands

37.40

2.99

9.60

8.05

16.82

11.18

17.71

1.08

11.81

21.51

3.82

30.20

25.16

22.24

1.74

15.63

23.31

0.71

4.97

12.05

11.84

7.66

14.90

10.09

25.50

20.40

5.08

11.20

2.73

4.48

7.92

2.59

4.57

27.40

19.34

19.62

20.24

13.34

6.6

Portugal

11.56

5.0

Pakistan

20.57

14.95

0.66

3.95

0.00

0.23

10.12

3.29

0.00

0.00

1.45

0.53

65.27

18.43

10.42

20.84

10.36

-0.89

4.89

5.71

5.92

8.77

14.90

12.75

0.00

0.00

4.24

0.00

0.78

0.02

7.14

1.18

-5.74

0.00

2.15

10.84

4.57

6.98

0.9

China

11.17

4.6

Phillippines

26.18

2.99

7.59

3.51

11.72

0.38

17.71

2.31

3.69

3.59

1.35

0.86

20.69

28.59

30.68

31.26

12.95

-1.94

8.40

0.63

11.84

7.03

14.90

12.75

0.00

0.00

2.27

4.48

1.96

0.09

16.37

3.33

-20.38

3.76

2.15

8.26

8.93

7.86

1.7

Indonesia

10.55

4.1

Portugal

37.40

2.99

6.75

7.91

0.00

2.52

17.71

0.86

14.49

22.41

1.84

10.76

29.15

25.03

24.89

18.76

20.72

4.02

9.26

3.81

10.36

8.43

12.75

34.00

0.00

20.40

5.19

11.20

1.36

0.74

6.40

2.05

-9.86

18.81

16.47

17.55

10.69

11.56

5.0

Spain

10.50

4.0

Russia

20.57

14.95

9.60

6.44

0.00

18.35

12.65

3.34

14.50

19.72

5.66

6.83

0.00

18.43

36.47

4.17

0.00

34.89

12.17

5.07

0.00

7.08

14.90

17.00

0.00

0.00

5.64

0.00

0.19

19.85

0.24

10.21

12.17

0.00

0.01

9.46

3.1

Chile

10.42

4.0

Singapore

20.57

2.99

7.08

4.83

0.00

10.58

12.65

0.51

6.47

17.03

1.54

25.91

82.12

38.76

36.47

52.10

23.31

1.44

15.43

6.98

7.40

9.79

14.90

42.50

25.50

20.40

16.30

4.48

10.10

14.00

16.95

11.20

-8.93

24.18

20.77

18.59

19.34

17.14

10.0

Israel

10.31

3.9

South Africa

26.18

2.99

3.54

10.40

0.00

1.34

20.24

1.81

2.78

4.48

2.20

3.81

11.32

21.42

22.92

12.95

4.37

3.00

0.63

10.36

8.82

42.50

25.50

0.00

3.26

0.00

1.17

0.24

3.37

1.36

-1.92

11.82

7.88

11.36

8.24

8.30

2.1

Czech Republic

9.68

3.3

Spain

37.40

2.99

9.22

6.88

15.95

4.62

17.71

1.73

14.00

23.30

4.43

15.96

29.74

26.84

20.84

20.72

1.60

5.06

5.71

11.84

0.00

13.26

0.00

0.00

0.00

6.48

11.20

0.95

0.83

10.16

1.26

-4.08

16.66

16.47

13.94

14.25

10.50

4.0

Russia

9.46

3.1

Sweden

37.40

2.99

9.60

12.30

14.98

15.64

22.77

0.82

13.15

20.61

3.21

37.42

16.81

37.49

0.00

23.31

3.29

0.00

22.20

10.36

7.37

14.90

17.00

12.75

20.40

8.44

11.20

1.57

3.20

6.57

1.34

5.15

25.25

20.05

13.94

15.09

13.57

6.8

Brazil

9.33

3.0

Switzerland

37.40

2.99

9.60

8.20

15.30

0.00

20.24

0.74

10.90

22.41

3.29

49.20

16.26

46.86

32.75

24.61

1.40

6.86

16.49

11.84

9.50

2.00

12.75

20.40

7.48

0.00

1.46

3.90

3.86

1.53

0.19

31.70

22.20

18.59

19.95

14.08

7.3

Mexico

8.42

2.2

Taiwan

26.18

2.99

7.94

4.39

0.00

0.00

25.30

1.37

7.00

16.13

3.38

17.09

78.38

41.30

24.89

52.10

20.72

7.40

14.90

8.50

0.00

0.00

9.29

0.00

5.55

1.93

23.80

5.45

6.38

19.88

21.48

22.20

14.87

8.0

South Africa

8.30

2.1

Thailand

9.35

2.99

7.76

5.56

0.00

0.73

2.53

2.13

10.42

4.48

2.31

2.87

94.20

34.95

28.37

31.26

20.72

-5.21

22.20

1.27

10.36

10.37

14.90

42.50

0.00

20.40

5.08

4.48

2.15

0.33

18.98

2.95

-11.04

11.28

16.47

16.00

14.94

12.41

5.7

Philippines

7.86

1.7

Turkey

26.18

2.99

4.80

4.83

10.09

0.88

10.12

2.16

6.20

10.76

2.54

3.37

30.67

39.08

7.53

7.44

0.00

-36.90

6.09

5.07

5.92

7.90

14.90

19.76

0.00

0.00

8.80

0.00

0.68

0.12

10.32

1.18

-7.49

9.67

0.00

6.20

0.36

6.01

0.0

India

7.07

1.0

United Kingdom

37.40

2.99

9.60

7.91

16.17

10.18

22.77

2.10

14.00

20.61

6.98

26.60

27.34

31.13

24.89

0.00

22.02

-2.77

1.03

13.95

8.88

6.98

14.90

8.50

25.50

20.40

7.04

11.20

1.01

1.47

5.29

1.16

-1.54

22.57

22.20

14.97

15.37

12.99

6.3

Pakistan

6.98

0.9

United States

37.40

2.99

9.60

8.05

17.36

15.71

22.77

4.52

10.26

17.93

16.40

32.87

28.58

20.97

18.41

22.02

0.18

2.49

16.16

7.40

8.39

7.75

11.36

25.50

20.40

5.19

7.84

0.44

0.79

7.95

0.61

-2.37

23.64

21.48

18.59

15.70

13.48

6.7

Turkey

6.01

0.0