Feb 272009
 
According to Forbes.Com, after analyzing 120 national economies which focusing on degrees of personal freedoms, like the right to participate in free and fair elections, or freedom of expression and organization. The best countries for business is Denmark and second is Ireland. Below is the 7 best countries for business in the world in 2008. If you are doing global business, may be you can consider the below countries as it depicts the best business climate to the investors.
No. 1: Denmark
2007 Rank: 4
Denmark ranks the best place in the world to conduct business this year. Denmark retains its top position which it reached for the first time in 2005. This reflects the country’s strength which makes it stand out among all the countries. The pro-business policies of successive governments; a host of structural reforms that have increased labour market flexibility; and a fiscal policy that has targeted surpluses without compromising the quality of public services. Last year, Danish prime minister Anders Fogh Rasmussen has announced plans to cut taxes while addressing Denmark’s need to prevent innovative entrepreneurs from pursuing international efforts by backing a new entrepreneurial academy known as 180academy.
Denmark

Denmark

No. 2: Ireland
2007 Rank: 21
Ireland is the best place to live in the world, according to a “quality of life” assessment by Economist magazine. So, I guess it’s one of the advantage to the business climate which contribute to the stability of economy.The country’s combination of increasing wealth and traditional values gives it the conditions most likely to make its people happy, the survey found. The Economist said: “Ireland wins because it successfully combines the most desirable elements of the new, such as low unemployment and political liberties, with the preservation of certain cosy elements of the old, such as stable family and community life.”
Ireland

Ireland

No. 3: Finland
2007 Rank: 7
According to The Global Enabling Trade Report 2008 of World Economic Forum the best business environment in the world is in Finland. The main strength of Finland is its business environment, which is first out of all countries covered.Excellent business environment looks at the overarching regulatory and security environment impacting the transport business in the country. The country benefits from rules fostering foreign ownership and greater ease in hiring foreign labour than in many other European countries, as well as an excellent security environment.Finland’s border administration also gets top marks, with customs procedures that are not burdensomeand a particularly low cost to import, perhaps explaining the high transparency and low level of corruption related to its border administration.
Finland

Finland

No. 4: United States
2007 Rank: 1
The US is in fact made up of hundreds of different geographic and demographic consumer markets – many with distinct tastes, purchasing behaviours, distribution systems, regulations and climates. With over 300 million consumers, the US market may overwhelm many suppliers who assume
the US is a single, homogenous export market. Therefore, no doubt that United States is ranked number 1 in 2007. However, in year 2008, the economy downturn had destroyed the investor’s confident on U.S economy.
United States

United States

No. 5: United Kingdom
2007 Rank: 10
One of the most stable political environments to do business: According to Transparency International, the UK is one of the most transparent (least corrupt) countries in the world. It has a higher rating than France, Germany, USA and Japan. UK residents enjoy a high standard of living, education and recreation. Personal taxes are low, publicly-funded health is free to all and there is a rich cultural heritage and abundance of leisure facilities. In 2007, the UK attracted and retained over one trillion US dollars of investment: the highest in Europe and the second largest in the world.
United Kingdom

United Kingdom

No. 6: Sweden
2007 Rank: 9
China names Sweden ‘best country for investment’ A group of Chinese authorities and agencies has named Sweden as the most attractive country for foreign direct investment. The group, which includes Chinese Ministry of Foreign Trade and the National Strategy Research Institution of China Ministry of Commerce, announced the choice as part of a new Contribution to Chinese Enterprises Going Global Award. The Chinese government has since 2000 been actively encouraging Chinese businesses to establish operations abroad as part of its Go Global Policy.
Sweden

Sweden

No. 7: Canada
2007 Rank: 2
Canada is now the world’s second largest country. According to Statistics Canada, in 1996, there were 30,000,000 people living in Canada. The United States is smaller in area, but the Canadian population is approximately 1/10 of the population of the U.S. Over 90% of Canadians live less than 200 miles from the U.S.-Canada border. As a result, Canada and the United States share many economic imperatives and cultural influences. The economic and material aspirations and realizations of the Canadian and U.S. populations are strikingly similar.
Canada

Canada

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