The World Bank has concluded that New Zealand is the most business-friendly nation in the world and that Serbia and Montenegro made the biggest pro-business changes last year.In a study to be released on Tuesday, the World Bank said that New Zealand and Singapore were the easiest countries to do business in. The United States came in third, followed by Canada.
In its report, the World Bank ranked 155 countries based on classic American assumptions about economic success, like the idea that less red tape is better than more. The study looked at factors like the number of days it takes to get approval for starting a business, the ease or difficulty of hiring and firing workers, the ability of creditors to recoup their money when a company goes bankrupt, and the ability to enforce contracts in court.
bruce on September 19th, 2005 at 5:20 pm
From one entrepreneurial individual to another, that’s great news about New Zealand, my wife and I are planning a migration to the Kiwi nation! I own/operate a design studio and my wife is a social worker, any advice for us? Kia Ora!
None of Your Business » New Zealand Named Best Nation for Business on September 30th, 2005 at 7:35 pm
[...] New Zealand Named Best Nation for Business. This is a strange turn of events. It wasn’t that long ago that New Zealand was functionally bankrupt. - Posted in General Business by Todd Brill [...]