Despite being mostly out of the debilitating recession of recent years and also being the strongest economy in the world, the United States still can’t seem to get its act together when it comes to making life easier and more productive for businessmen and entrepreneurs.
At least that is what Forbes Magazine’s list of Ten Best Countries for Doing Business 2014 seems to demonstrate. The survey ranked 146 countries in 11 categories; property rights, innovation, taxes, technology, corruption, personal freedom, trade freedom, monetary freedom, red tape, investor protection and stock market performance. When all the parameters are added together the result is that the US ranks 18th overall.
Forbes still ranks the US as the financial capital of the world, but it’s ranking as a great place to do business has been steadily declining since 2009, when it placed second in the same survey.
Coming in first place in the Forbes survey was Denmark, a country that is not new to this first position on the list. The Scandinavian country located south of Norway and south west of Sweden ranked first in 2008 and 2010, but for the past three years has been struggling with its economy. Those troubles seem to have been nicely surmounted over the past year.
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