|BLOOMBERG: NETHERLANDS RANKS 2ND AS THE BEST PLACE TO DO BUSINESS IN THE WORLD|
Oranjestad, April 12, 2012 - According to Bloomberg, the Netherlands ranks second as the best place to do business in the world. Bloomberg Rankings measured 160 markets on a scale of zero to 100 percent based on six factors. These are the costs of setting up business, hiring and moving goods; the degree of economic integration; less tangible costs such as inflation and corruption; and the readiness of the local consumer base, a category that includes the size of the middle class, household consumption and gross domestic product per person. The Netherlands ran second, reflecting the appeal of an economy with five major ports and easy access to mainland Europe. Hong Kong beats the Netherlands and the US as best place for business. The city of about 7 million people secured top position in a new index based on six criteria including the degree of economic integration and labor costs. The Netherlands, the U.S., the U.K. and Australia occupied the next four leading slots.
Hong Kong scored 49 percent, eclipsing the Netherlands’ 48.3 percent and the U.S.’s 46.9 percent. Of the top 50, Germany was the leader on the basis of cost of doing business, moving goods and less tangible costs, while the readiness of the local consumers was deemed best in the United Arab Emirates. The price of labor and materials was lowest in Montenegro and the Netherlands was deemed best for setting up a business.
Brazil came bottom of the top 50 with 35.5 percent, undershooting India at 35.9 percent and Russia at 36.1 percent.
Regionally, Chile was ranked the best place to do business in Latin America, while the U.A.E. was top in the Middle East and Africa. Poland had the highest score in emerging Europe.
The World Bank ranks Singapore and Hong Kong top in its gauge focused on the ease of doing business. It has named Hong Kong the world’s freest economy for 18 successive years.
Read the entire article here http://www.bloomberg.com/news/2012-03-20/hong-kong-beats-netherlands-and-u-s-as-best-place-for-business.html