What does a GDP of $221 billion, a moderate tax burden, decent innovation rank, medium monetary freedom and an excessive red tape tangle get you these days?
Fourth best country in the world for business that’s what.
Kurt Badenhausen writes:
Hong Kong ranks among the top five locales for investor protection, trade freedom, tax burden and red tape. Rounding out the top five Forbes’ Best Countries are No.3 New Zealand followed by Ireland and Sweden
“Forbes determined the Best Countries for Business by grading 145 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. The data came from published reports from Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank and World Economic Forum.”
As of the writing of this story, the New York Times article has 60 likes and shares on Facebook versus 12,902 which the Forbes article has. The Forbes article also has a mind boggling 680,000 page views, a number that can literally make a writer’s career.