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The global financial centres index (GFCI) 3 - Z/Yen

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<strong>The</strong> Global Financial Centres Index<br />

Global Property Index, IPD (November 2007) 1<br />

– <strong>The</strong> IPD <strong>global</strong> property <strong>index</strong> is intended to<br />

measure the combined performance of real<br />

estate investments held in mature investment<br />

markets worldwide. This <strong>index</strong> represents IPD’s<br />

first attempt to create a composite <strong>global</strong> <strong>index</strong><br />

that will be properly rebalanced to accurately<br />

reflect national market sizes and that will report<br />

<strong>global</strong> real estate investment performance in<br />

all major investor currencies back to the start of<br />

this decade. <strong>The</strong> <strong>index</strong> is based on the IPD<br />

indices for Austria, Canada, Denmark, France,<br />

Germany, Ireland, Italy, Netherlands, Norway,<br />

Portugal, South Africa, Spain, Sweden,<br />

Switzerland and the UK.<br />

Source: www.ipd<strong>global</strong>.com<br />

Direct Real Estate Volumes, Jones Lang LaSalle<br />

(July 2007) – This measures the total value of<br />

commercial real estate traded in a market<br />

during a 12 month period (including Office,<br />

Retail, Industrial and Hotel investments).<br />

Residential, Development and Entity-level deals<br />

are excluded. Data come from more than<br />

150 offices worldwide as well as third-party<br />

data providers.<br />

Source: www.joneslanglasalle.co.uk<br />

Real Estate Transparency Index, Jones Lang<br />

LaSalle (July 2007) – <strong>The</strong> transparency of <strong>global</strong><br />

real estate markets is ranked according to<br />

responses to 27 questions on a questionnaire –<br />

with a score of one being ‘transparent’ and a<br />

score of five being ‘opaque’. Ranking is<br />

qualitative following <strong>global</strong> categorisation<br />

standards and is conducted by Jones Lang<br />

LaSalle research and capital markets<br />

professionals and partners.<br />

Source: www.joneslanglasalle.co.uk<br />

E-Readiness Ranking, EIU (August 2007) b – <strong>The</strong><br />

E-readiness score is published annually by the<br />

Economist Intelligence Unit. It ranks countries<br />

according to the state of their information and<br />

communications technology (ICT) and the<br />

ability of its businesses, governments and<br />

consumers to make use of it. <strong>The</strong> need for such<br />

an <strong>index</strong> arises from the reasoning that the<br />

more a country does on line the more efficient<br />

(and transparent) its economy will be. <strong>The</strong> <strong>index</strong><br />

evaluates the way a country influences its<br />

information and communications infrastructure<br />

through political, economic, technological and<br />

social means. It is composed of nearly<br />

100 criteria with different weightings that are<br />

grouped in six main categories: connectivity,<br />

business environment, social and cultural<br />

environment, legal environment, consumer and<br />

business adoption (in other words, the scale on<br />

which businesses and consumers use ICT), as<br />

well as government and policy vision (in other<br />

words, how committed the country’s<br />

government is). <strong>The</strong> latest survey includes 69<br />

different countries with scores from zero to ten,<br />

zero being the lowest and ten the highest score.<br />

Source: www.economist.com<br />

Instrumental Factors for General<br />

Competitiveness<br />

Economic Sentiment Indicator, European<br />

Commission (November 2007) 1 – An indicator<br />

of overall economic activity, based on<br />

15 individual components, split between five<br />

confidence indicators, which are weighted in<br />

order to calculate the final score. <strong>The</strong><br />

confidence indicators (and their weightings)<br />

are: industry (40%), services (30%), consumer<br />

(20%), retail trade (5%) and construction (5%).<br />

Source: http://ec.europa.eu<br />

Super Growth Companies, Grant Thornton<br />

(November 2007) 1 – A ranking of countries<br />

based on the proportion of Super Growth<br />

Companies (companies which have grown<br />

considerably more than the average measured<br />

against key indicators including turnover and<br />

employment) within the country. <strong>The</strong> <strong>index</strong><br />

forms part of the Grant Thornton International<br />

Business Owners Survey (IBOS), which<br />

surveys more than 7,000 business owners in<br />

30 different countries.<br />

Source: www.grantthorntonibos.com<br />

World Competitiveness Scoreboard, IMD (June<br />

2007) – An overall competitiveness ranking for<br />

the 61 countries and regional economies<br />

covered by the World Competitiveness<br />

Yearbook. <strong>The</strong> economies are ranked from the<br />

most to the least competitive and performance<br />

can be analysed on a time-series basis.<br />

Source: www.imd.ch<br />

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