Thursday, April 24, 2008

Economist: Business Environment Index

The global business environment ranking chart as constructed by the Economist magazine based on: macroeconomic stability, infrastructure, flexible labor market, quality of the workforce and policy conduciveness for businesses.

The chart is a mix picture which includes the best places to do business to important economies and their respective ratings.

This from the Economist,

``DENMARK is the best place to conduct business over the next five years, according to the Economist Intelligence Unit's six-monthly business-environment index. Out of 82 countries Denmark scores highest in most of the ten measures used, such as macroeconomic stability, infrastructure and policy towards private enterprise. Its flexible labour market and highly educated workforce are particularly attractive to businesses. America slips four places to its lowest position since the index began in 1997 as economic and financial conditions look set to deteriorate and trade protectionism to increase. Venezuela tumbles 12 places to languish just below another socialist bastion, Cuba. Only Angola is a worse place to do business.”

Overall, the chart exhibits the degree of openness to markets and its antipode…socialism.

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