When exploring new markets, it is vital to do some "scouting" ahead by doing due diligence on a country's regulations, business practices, economy, environmental concerns, technologies and natural resources available, and social trends.
There are several approaches to Country Analysis. One method or approach is to look for secondary (and primary where possible) data which paint analysis related to Political, Economical, Social, Technological, Legal, and Environmental scanning. This chart illustrates a quick way to locate data based on one of those scanning factors. Below are some of those resources with some screenshots of ways to search.
The chart below displays databases with PESTLE information that BIS subscribes to annually. The chart provides the broad topics which are available within each database. To access the database desired, click on the database title to take you to the database. If you are off campus, you will be required to type your Illinois Net ID and password first for authentication.
|Database||Political||Economic||Social||Technological||Legal||Environmental||Company Reports||Country Reports||Industry Reports|
|Business Source Ultimate||✔||✔||✔||✔||✔||✔||✔||✔|
|Emerging Markets Information Services||✔Outlooks
✔Aggregated data from IMF, World Bank, ministry/statistics
|✔||✔Legal services||✔Natural Resources||✔||✔Country data||✔|
|PRS||✔Player to watch
|Statista||✔Political Environment||✔Economic Conditions
✔Trade & Investment
✔Human Development Index
|World Bank's Doing Business 2020 Report||✔Role of government||✔International Trade||✔Regulation||✔Country data||✔Electricity|
Developed by Steven Altman and Philip Bastian of NYU's Stern School of Business, the DHL Global Connectedness Index (CGI) aims to provide a comprehensive account of world's top 140 countries' connections in terms of cross-border trade, capital, information (telecommunications, publications, Internet), people (immigrants, students, tourism) and stocks accumulated through 2020. These countries encompass the world's GDP (99%) and population (95%).
The Index of rankings is contained in a lengthy 250 page report, chock-full of insights gathered from various data sources, such as the United Nations, IMF, World Economic Forum, Heritage Freedom Index, Euromonitor, Telogeography.com, and Henley & Partners Visa Restrictions Index. Starting on page 86 are the country profiles, organized alphabetically.
A sample country profile and how to examine it is supplied below.
This index differs in that it does not have a political bias, unlike the Heritage Foundations' Index of Economic Freedom, published by a well-known US conservative think-tank (but considered an important barometer). The report utilizes many authoritative data sources.
Note: the study was funded by a logistics company, DHL.