<p>Name: Country: Country journal Part III. Item 3: Determinants of net foreign investment (Item guidelines appear at the end of the tables.) 1. Recap of previous country information: a. Country income group: DC or LDC? b. International investment position: borrower or lender? c. Current account balance: surplus or deficit? 2. Financial climate: Credit rating, corruption and governance indicators a. Credit rating for Government's external debt - from Standard and Poor's Sovereign Credit Ratings List U.S. AAA (excellent) / Stable</p><p> b. Transparency International's Corruption Perceptions Index: Ranking CPI Score U.S. 16 7.7</p><p> c. World Bank's governance indicators (percentiles) Percentile Indicator United States Voice and Accountability 95.9 Political Stability 85.7 Government Effectiveness 90.3 Lack of Regulatory Burden 95.2 Rule of Law 87.9 Control of Corruption 89.0 Average 90.7 d. Interpret the credit rating, corruption, and governance indicators information for your country and relate the information to your country's international investment position and current account balance.</p><p>Continues on next page. 3. Macroeconomic factors (National spending and saving): a. IMF line United States Year 2001 Currency units Bill. US % of</p><p>Dollars GNI Consumption (C) 96f.c 6,987.0 69.3 93e.c+93i.c or Investment (I) 93gf.c+93ee.c+93i.c 1,903.1 18.9 Government 91f.c or 1,540.9 15.3 consumption (G) 91ff.c - 93gf.c 90c.c - 98c.c + Net exports (NX) 98n.c -354.2 -3.5 Gross national income 99b.c 10,076.8 100.0 (GNI) Government budget 80 92.4 0.9 balance Total savings (S+T) GNI - C 3,089.8 30.7 b. Briefly interpret your country's national income information:</p><p>Item 1: Country external assets and liabilities are published in the International Financial Statistics Yearbook (HG3881 .I626). Record the most recently available year, and then record an earlier year for comparison. Item 2a: Country (Sovereign) credit rating: Available for most countries under the Credit Ratings Lists link at at Standard and Poor's website. <http://www2.standardandpoors.com/NASApp/cs/ContentServer?pagename=sp/Page/HomePg&r=1> Use the first entry under "Foreign currency" since that rating applies to the country's external debt. The site's "Ratings Definitions" link under "Credit Ratings Criteria" provides information to help interpret their credit ratings. Item 2b: Transparency Interntional's Corruption Perceptions Index ranks most country's according to surveys of perceived corruption. <http://www.transparency.org/cpi/index.html#cpi> Select the most recent year and browse to the table of ratings. Item 2c: Available in the World Bank's Aggregate Governance Indicators Excel spreadsheet <http://www.worldbank.org/research/growth/Aggregate Governance Indicators Data and Charts5.xls> Enter your country name in the green box, press enter, then click the tab for the "One Country Data" worksheet to see the percentile estimates for your country in Column C. Item 3: Source: International Financial Statistics Yearbook (HG3881 .I626). Record the most recent year with information available for both "Government Finance" and "National Accounts." </p>