A new study by the World Bank and the International Finance Corp. found that the U.S. ranks well behind countries like Rwanda, Belarus and Azerbaijan in terms of how easy it is for an entrepreneur to start a new business. The U.S. did narrowly beat Uzbekistan, though.
The rankings were included in the organizations' joint study "Doing Business 2014: Understanding Regulations for Small- and Medium-Sized Businesses." The annual report, released in October, ranks the relative ease of creating a new business in 189 countries, looking at such measures as the number of procedures required, the time spent complying with them and the cost of doing so, among other factors.
The report found that New Zealand is the easiest place in the world to create a new business. Starting one there requires "one procedure, half a day, (and) less than 1 percent of income per capita and no paid-in minimum capital," the study noted. New Zealand was followed by Canada, Singapore, Australia and Hong Kong in the top five.
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3 comments:
Communists never make it easy for free enterprise or the private sector. Their ultimate goal is for all the enconomy to be planned and controlled by the state. They are fond of the term "5-year plan". Look for Obama to come out with his soon.
Salisbury, is number 1 in anti-business cities!
Well, now we can proudly state that we are ahead of Uzbekistan!
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