Forbes has published a list of the best countries to do business in. Their analysis was based on a number of factors including;
- degree of personal freedoms
- free and fair elections
- freedom of expression and organization
- investor protection
- low levels corruption
- support of free trade and low inflation
It’s always interesting seeing these sorts of studies – generally the results tend to be a little random. What IS interesting is the regularity with which small countries tend to show up near the top of the rankings. From Ireland to the Scandinavian nations to Israel to Australasia. I wonder if them “punching above their weight” has something to do with being small, egalitarian and more in tune with the realities of their nation as a whole? This year it was Denmark’s turn to shine – interesting that 70% of the top 20 countries were around, or under, 10 million population.
It would be interesting to see this data analysed alongside industry types prevalent in the individual countries – which nations embrace the “new economy” and which are low value add price takers.
|Rank||Name||GDP Growth (%)||GDP/Capita ($)||Trade Balance ($bil)||Population (mil)||