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Investing and Economics Blog

Easiest Countries for Doing Business 2008

Singapore is again ranked first for Ease of Doing Business by the World Bank. For some reason they call the report issued in any given year as the report for the next year (which makes no sense to me). The data shown below is for the year they released the report.

Country 2008 2007 2006 2005
Singapore 1 1 1 2
New Zealand 2 2 2 1
United States 3 3 3 3
Hong Kong 4 4 5 6
Denmark 5 5 7 7
United Kingdom 6 6 6 5
Ireland 7 8 10 10
Canada 8 7 4 4
other countries of interest
Japan 12 12 11 12
Germany 25 20 21 21
France 31 31 35 47
Korea 23 30 23 23
Mexico 56 44 43 62
China 83 83 93 108
India 122 120 134 138
Brazil 125 122 121 122

The rankings include ranking of various aspects of running a business. Some rankings for 2008: starting a business (New Zealand 1st, Singapore 10th, USA 6th, Japan 64th), Dealing with Construction Permits (St. Vincent and the Grenadines 1st, Singapore and New Zealand 2nd, USA 26th, China 176th), Employing Workers (Singapore and the USA 1st, Germany 142, Korea 152), protecting investors (New Zealand 1st, Singapore 2nd, Hong Kong 3rd, Malaysia 4th, USA 5th), enforcing contracts (Singapore 1, Hong Kong 2, USA 6, China 18), getting credit (Malaysia 1; UK and Hong Kong 2; Singapore, New Zealand and USA 5th), paying taxes (Maldives 1, Hong Kong 3, USA 46, Japan 112, China 132).

These rankings are not the final word on exactly where each country truly ranks but they do provide a valuable source of information. With this type of data there is plenty of room for judgment and issues with the data. Several of my posts, from my other blogs, that I recommend on this topic: The Future is Engineering, Science and Engineering in Global Economics, Businesses Tell the IRS They Are Not American but Executives Stay in USA and Intellectual Property Rights and Innovation (Deming’s Deadly diseases).

Related: Easiest Countries from Which to Operate Businesses 2007 – Countries Which are Easiest for Doing Business 2006 – Top Manufacturing Countries (2007) – Oil Consumption by Country – Economic and Scientific Leadership – Country Rank for Scientific Publications – International Health Care System Performance – Best Research University Rankings (2008) – Nanotechnology Investment as Strategic National Economic Policy

November 11th, 2008 John Hunter | 4 Comments | Tags: Economics, quote

Comments

4 Comments so far

  1. Indian Stock Market up 17% Today at Curious Cat Investing and Economics Blog on May 18, 2009 7:01 am

    […] potential and great problems. India has poor physical infrastructure and crippling bureaucracy; India ranked the 122nd easiest country for doing business. The election results are giving investors hope the government will be able to make progress to […]

  2. The Relative Economic Position of the USA is Likely to Decline at Curious Cat Investing and Economics Blog on June 15, 2009 10:04 am

    The economic clout of the USA has been huge since the end of World War II. The relative position has been decreasing recently with the rise of not only Europe and Japan but Korea, China, India, Brazil and many more…

  3. Mark Mobius on Emerging Markets at Curious Cat Investing and Economics Blog on September 19, 2009 1:35 pm

    Looking out 20 years it seems likely (not certain but likely) that Brazil, China, India, Mexico, Thailand, Vietnam, Costa Rica, Ghana… will grow economically more quickly than the USA, Japan, UK, France and Germany…

  4. Easiest Countries in Which to Operate a Businesses (2011) at Curious Cat Investing and Economics Blog on September 27, 2012 6:27 am

    These rankings are not the final word on exactly where each country truly ranks but they do provide a valuable source of information. With this type of data there is plenty of room for judgment and issues with the data…

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