CaixaBank creates an index to help companies internationalize

Composed of five large pillars

The entity analyzes the main indicators of 67 countries and provides the information, free of charge, to client companies that request it.

[Img # 22990] CaixaBank created the CaixaBank Index for Business Internationalization (ICIE) that analyzes the main aspects that determine the decision to establish business relationships Or perform investments in a certain country by the Spanish companies. The objective is to help companies that want to internationalize their business, whether through the sale of products, the search for suppliers or any investment process.

Specifically, the ICIE It is carried out on a total of 67 countries, both advanced and emerging, and allows for the elaboration of a ranking that reflects their attractiveness for Spanish companies over time.

El ICIE It is made up of five major pillars that bring together key issues of the internationalization process such as accessibility to the country, the ease of operating in it, its commercial attractiveness, the financial environment and stability.

All of this results in a ranking of the countries that present the most favorable conditions for the internationalization of Spanish companies. He ICIE It is completed with the preparation of a sheet per country in which each of the indicators is analyzed in detail. This information is made available to client companies of CaixaBank who request it, free of charge.

Results of the first ICIE

According to the ICIE 2016, the countries of Western Europe are those that present the most favorable conditions for the Capabilities of Spanish companies. In addition to standing out in accessibility (they are the closest countries and many of them are part of the UE), also present a very good performance in the rest of the pillars analyzed.

According to the ICIE 2016, Western European countries are those that present the most favorable conditions for the internationalization of Spanish companies.

America, as a whole, constitutes the second region in which the internationalization of Spanish companies is easier, although at a significant distance from Western Europe. Tops the American ranking USA USA, which at a global level is in sixth position. Mexico and Brazil, the two largest economies in Latin America, are also located in a high position in the ranking (14 and 16, respectively). In the case of Brazil, beyond the difficulties that the economy currently faces, the presence of a high number of Spanish companies It is an element that continues to make it relatively attractive.

Pillars of the index

El ICIE It is made up of five large pillars which, in turn, are made up of several sub-pillars. Thus, the pillar of accessibility to the market of each country is made up of the ease of connection between Spain and the country analyzed, and the quality of the infrastructure.

For its part, the pillar that measures the ease of operating in each country takes into account the characteristics of the administrative and legal framework, and the functioning of the labor market. Likewise, it also takes into account the Spanish investment already present in the country, since the existence of other Spanish investors It usually facilitates the operation of entrants.

Another pillar is commercial attractiveness, which summarizes the elements that can contribute to determining the success of the sale of Spanish products in the country in question, such as the size of the target market and the purchasing power of households.

For its part, the financial environment pillar reflects the degree of access to credit and the development of the financial sector of each country. This is an important element when assessing the payment capacity of clients and suppliers. Likewise, in the case of a company that is considering opening a production plant or establishing a point of sale, it is indicative of the financial instruments that will be available for treasury management, for example.

Finally, the fifth pillar includes both institutional and macroeconomic stability of each country. In this case, the uncertainty surrounding the valuation of the indicators mentioned above is captured. An element, therefore, very relevant to ensure that the decisions of Capabilities of a company fit the desired risk profile.