1. Country Analysis

2. Mode of Analysis View country as a unit much like a firm with goals, comparative advantages and measurable outcomes. More complicated as the goals are less obvious, constituencies more varied, and decision making less clear. Examine past & present and project into the future. o Must choose time frame of analysis to guide focus.

3. No perfect system for describing a country’s situation.This system offers a straight-forward, easily comparable framework. Country-level approach may also be questioned. Any country has many individual actors which will each have their own objectives, strategies and performance measures.

4. Three Parts Strategy Context Performance

5. Strategy Vision - Overall view of society Goals Policies

6. Vision Guiding vision of the country as a place at the very longest term level.

7. Goals: What and why? Economic Goals Political Goals Social Goals

8. Economic Policies Economic Policies: Obviously of Greatest Interest Dimensions of Analysis o Free Market Implementation vs. Government Control o Externally Oriented vs. Internally Oriented o Producer Oriented vs. Consumer Oriented

9. Economic Policies Fiscal Policies: o Quantity of Government Spending as a share of GDP o Strategy of Tax Collection o Budget Deficits Monetary Policies o Inflation Targets o Exchange Rate Policy Income Policies o Minimum Wage

10. Educational Policies Foreign Trade and Investment o Tariffs and Capital Controls o Export Industry Policies o Attract FDI Industrial Policies o Targeted Industries : Fiscal/tax subsidies o Antitrust o Regulatory Policies

11. Noneconomic Policies Social Policies o Population Policies o Crime Policies National Security Policies o Defense Spending o Diplomacy & Alliances Political Reform Policies

12. Context Context includes the constraints on policy actions and the resources available to the country. Dimensions of Analysis Domestic vs. International Constraints Human vs Natural Resources

13. Context Resources o Natural Resources o Capital Resources o Human Capital Resources o Social Resources Players of the Game o Firms: Corporate Sector o Government Actors o Non-state Actors Rules of the Game o Formal Rules o Informal Rules International Dimension

14. Context Resources The Game o Rules of the Game o Players International Context

15. Resources Natural Resources Capital Resources Human Capital Resources Social Resources

16. The game Players of the Game o Firms: Corporate Sector o Government Actors o Non-state Actors Rules of the Game o Formal Rules o Informal Rules

17. The International Dimension

18. Performance Indicators Before the analysis, we should choose which is the scope in terms of time. o Long-Term o Medium-Term o Short-Term Purpose will drive the choice of scope. Scope will drive the choice of performance indicators.

19. Short-term Indicators Financial Market & Exchange Rate Volatility Balance of Payments (Trade Balance and Investment Flows) Likelihood of Financial Crisis Unemployment & Business Cycles Interest Rates

20. Medium Term Indicators Inflation Rates & Longer Term Interest Rates Prospects for Medium Term Economic Growth o Investment & R & D as Share of GDP o Historical Returns on Capital  stock returns,  5 Year ICOR - Inflation Adjusted GDP Growth Rate/Investment%

23. Long Term Indicators Societal Restructuring - Qualitative o Demographic Changes o Sectoral Reform (Liberalization/Nationalization) o Infrastructure Modernization o Institutional Political Changes

24. Diagnoses If performance has not captured goals, analysis might offer some additional information about what sort of reasons may have lead to the short-comings.

25. Synthesis Construct a story that uses the different elements to describe the situation faced by the country.