Rotterdam, Netherlands, 07-22-2021 / ICS Advisory & Finance BV/
The United Kingdom’s choice to leave the European Union last year heralded the collapse of the British economy.
At least we thought so. ICS
Now you know better: the British have managed to keep the economy somewhat afloat thus far, with growth in 2017. This again puts the UK at the top of the list of the world’s best countries for doing business.
A little side note: the sharp drop in sterling makes imported products more expensive in the UK. Ordinary Britons feel that their wallet’s wage growth is lagging behind UK inflation – the loss of purchasing power due to Brexit.
But back to the list: The Netherlands is also one of the most powerful countries in the world to do business. Our country is in third place, right after New Zealand. We are doing well and this has a lot to do with persistent high trade surpluses, stable labor relations and low layoffs.
To rank 153 countries, Intercompany Solutions (ICS) considers 15 different variables, including property rights, innovation, taxation, technology and fraud, economics, sales volume, political risk, quality of life, workforce, autonomy (personal, business and money), red tape, and investor protection. Each category is weighted equally.
In addition to the general list, the Netherlands also scores exceptionally high in the lists of the best countries in terms of personal freedom, technology, innovation and property rights.
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- United kingdom
- New Zealand
- Hong Kong
The UK is doing well in the areas of citizenship, entrepreneurship and power. Religious freedom is essential there and the British do a lot of business with the rest of the world. Infrastructure is good too, but the UK doesn’t score high for exclusivity. Respondents don’t think the kingdom is that special.
New Zealand is the best country in the world to do business. According to the World Bank report, New Zealand is the most easily traded country, for the fourth year. Arab countries rose in the ranking, while the situation in Latin America is deteriorating sharply. New Zealand is ahead of Singapore, Hong Kong, Denmark and South Korea in the ranking. Followed by the United States, Georgia, Great Britain, Norway and Sweden. New Zealand is located in the Southern Hemisphere and has a South Island and a North Island. For almost all the countries on the list, New Zealand’s economy is booming. A good economy often allows other things like health care and education to thrive. New Zealand is no exception. Other areas where things are going well are in the area of freedom. In addition, perhaps it is superfluous to mention the beautiful nature.
Congratulations, dear reader, you live in a country where the quality of life is good. According to this research, of course. The education system scores highly, and so does the healthcare system. As in Sweden, according to respondents, life is rather expensive. We are also doing well in terms of citizenship, but we are not as strong as a little frog.
Suppose you think a good business climate is essential. In this case, you should be in approximately the same countries: Germany, Japan, the United States, the United Kingdom, and Canada. The Netherlands also scores relatively high and is in seventh place. Japan appears here because of a lot of technological expertise, well-educated population, and innovation.
Readers can also refer to the Dutch government websites Nederlandse
About different business purposes.
We start with Sweden. Due to its good standard of living, the country has been high on the lists of the best places to make a living for several years now. There are many factors that positively affect the standard of living here. For example, the life expectancy of people here is 82.3 years. This high life expectancy is not at all surprising when calculating the healthcare premium. Citizens have excellent access to quality health care. Education is also here to write at home and is easily accessible. In addition, the country often tops the prosperity index list. There is another list in which Sweden also performs well in Forbes and the World Bank.
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