Which country should you do business in?

By TheWild1 at 2 December, 2007, 7:44 am, Categories : All About Business

It has become quite clear to me that our the economy is becoming more global everyday. Go-getters everywhere are beginning to invest their money not only in their home country, but also worldwide. Just recently doingbusiness.org came out with their 2008 report. For those that are unaware, doingbusiness.org compares ease of doing business in roughly 180 economies and some of their findings were pretty surprising to me. For the overall rankings, you can see them here - Economy Rankings.

According to them, some of the greatest reformers this year came from Eastern Europe. Some of the countries in the region even surpassed Western Europe. Central Asia also picked up the pace and South Asia was carried by India, which climbed 12 spots. Latin America was slow; however, doingbusiness.org feels that it was due to a busy election year. They expect a big boost in the coming years. The top reformer came in Egypt.

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Many countries such as Vietnam tried to increase investor actions by allowing easier access to credit, while turkey cut its corporate income tax 10%. Investors are finding upside potential in economies that are reforming.

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However, there were some countries that fell down the list. One which wasn’t surprising to me was Venezuela, which had the largest drop. Exports now need a separate license for each transaction. This caused the time of exporting to increase to 45 days. Singapore was at the top for the second straight year. United States was up there and Saudi Arabia jumped up into the top 25 along with Georgia.

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Overall, there is so much more information in the report, and it is actually pretty interesting (at least to me). If you ever wanted to expand your business/investing globably this is a nice resources to use.