By  on June 11, 2012

Political instability in the Middle East and financial challenges throughout Europe and the U.S. are translating into bigger opportunities for retail development in smaller markets.

According to the 11th annual Global Retail Development Index by consulting firm A.T. Kearney, Brazil and Chile maintained their top two spots from the 2011 survey, while China, which fell to sixth last year from the top spot in 2010, was back in third place. The top three were followed by Uruguay, third in 2011, and India, down to fifth this year from fourth last year.

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