Singapore keeps its top spot in the Economist
Intelligence Unit's (EIU) world's most business-friendly locations, staying
ahead of second-placed Switzerland and third-placed Hong Kong. Ireland gets a
Asia's other top locations are Australia (in 5th
place), New Zealand (8th), Taiwan (14th) and Malaysia (19th).
In Europe Sweden is at (6th), Finland (9th),
Denmark (10th), Norway (11th) and Germany (12th).
The USA is at (7th) and the UK is at (22nd).
The EIU survey measures the quality of the
business environment in 82 locations across the world.
The business rankings model examines ten separate
criteria or categories, covering the political environment, the macroeconomic
environment, market opportunities, policy towards free enterprise and
competition, policy towards foreign investment, foreign trade and exchange
controls, taxes, financing, the labour market and infrastructure. Each category
contains a number of indicators that are assessed by the Economist Intelligence
Unit for the last five years and the next five years. The number of indicators
in each category varies from five (foreign trade and exchange regimes) to 16
(infrastructure), and there are 91 indicators in total. Each of the 91
indicators is scored on a scale from 1 (very bad for business) to 5 (very good
Almost one-half of the indicators are based on quantitative data (eg GDP
growth), and are mostly drawn from national and international statistical
sources for the historical period (2009-13) and from Economist Intelligence Unit
assessments for the forecast period (2014-18). The other indicators are
qualitative in nature (eg quality of the financial regulatory system), and are
drawn from a range of data sources and business surveys adjusted by the
Economist Intelligence Unit, for 2009-13. All forecasts for the qualitative
indicators covering 2014-18 are based on Economist Intelligence Unit
2014 Business Environment Rankings
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