If You Count All Your Assets, You Always Show a Profit - The Practice of Branding Places

Jeremy Kahn, former managing editor at Thethe world and is burdened by a whole slew of
New Republic, recently wrote an article on Nationother socio-political issues. Does this mean that
Branding for Foreign Policy magazine saying, "Inthe entire country and all its citizens should forfeit
the absence of political transformation, nationthe right to publicize their positive attributes and
branding often amounts to nothing more thanpromote their areas of opportunity?
misdirection." He claims that, "Transformation of aIt is international influence, investment, and
country's image can only come after the countryinterest that will put Nigeria on course towards
is transformed."stamping out corruption, increasing employment,
A country and its citizens should not have to waitdeveloping infrastructure, regulating financial
for massive reform before it starts leveragingmarkets, and reducing dependency on crime. The
and promoting what it has to offer the world. Akey to attracting international interest is to
country needs to identify its strengths (all nationspublicize the fact that they are one of the world's
have them,) stay true to their reality, and placetop oil producers, a new democracy, and have an
themselves on a global platform.economy ripe with opportunity for the bold and
South Africa is a prime example of a nation ladenenterprising investor.
with political turmoil, which managed to brand itselfLikewise, Bhutan should be talking about its new,
in spite of negative press. A country with theyoung King; Nepal about exotic tourism and its
second most murders per capita and amedicinal herbs; and Saudi Arabia about how they
tumultuous political history, has managed to createare a reliable partner to the west. Do we hope
a thriving luxury tourism industry and anfor political transformation in these countries?
impressive status in the mining and film industry.Maybe, but as we all wait it should not preclude
Their development as a brand is the result ofthem from presenting their abilities and resources.
deep 'self reflection' and a solid, unified action plan.Branding a nation is a long and hard won process
The country's branding agency interviewed overand governments have an obligation to their
25,000 people in 11 languages to learn who theycitizens to begin presenting themselves on the
are as a nation, where their assets lie, and howworld stage, no matter what phase of political and
they are perceived by others. Then, despite alleconomic development they are in. Every country
their weaknesses, they focused on theirand every single individual has something to offer
strengths to create a powerful brand in the globaland in order to compete; you need to let the
marketplace.world know about it!
The West African nation, Nigeria, is commonlyCopyright 2009 by EPIC Global Media Inc.
identified as one of the most corrupt nations in