List of Top 20 Best Countries For Business World – Ranking of Economies
1) Singapore (favorable investment climate, highly competitive environment, leading in the ratings of economic freedom, a highly educated and disciplined people, strongly raised the level of welfare. Singapore — is country with highly developed market economy and low taxation, in which multinational corporations play an important role. Gross national product per person — one of the highest in the world.).
2) Hong Kong (has one of the purest capitalist economies in the world. The economy is based on the territory of the free market, low taxation and non-interference the Government in the economy. This is an important center of international finance and trade, and the concentration of the headquarters is the highest in the Asia-Pacific region.).
3) New Zealand (developed country with a market economy system, which is based on agriculture, manufacturing and food processing and tourism. The main trading partners are Australia, USA, Japan and China. Is a member of several international and regional economic organizations – the Organization for Economic Cooperation and Development, the World Trade Organization, Asia-Pacific Economic Cooperation, the International Energy Agency.).
4) Canada (is one of the world’s richest countries with high income per person and is a member of the Organization for Economic Cooperation and Development (OECD) and the Big Eight. This is one of the top ten trading countries in the world. ).
5) United States of America (country with the world’s largest economy. Many natural resources, including energy and raw materials, high-tech manufacturing are here. Developing scientific research and well-developed services sector, competitive industry. US are the country with political stability, skilled personnel.).
6) Ireland (Among the factors contributing to the “Celtic economic miracle” is: entry into the European Union and the euro area, investment in information technology, telecommunications, healthcare and pharmaceuticals, international and financial services, manufacturing software products, e-commerce, investment in education, reform of the market for tax and labor, investment from the U.S. (including the Americans of Irish descent).).
7) Sweden (country known companies such as: Oriflame, Saab, Scania, Volvo, Volvo Trucks, Ericsson, TELE2, Electrolux, IKEA, TetraPak, Alfa Laval, SKF. It is located in the first place for the production of bearings. The country has a high level of innovation, a highly developed and constantly modernized infrastructure, excellent state of the techniques, well-educated staff who speaks English.).
8) Denmark (country with low inflation (2.4%) and unemployment (5%). Large surplus in balance of payments (in 2004 $ 4.14 billion). Reserves of gas and oil. A strong and profitable production of hi-tech. A highly skilled workforce.).
9) Australia (one of the few capitalist countries, the most fully embody the principle of laissez-faire in economic management, according to an index of economic freedom around the world. Significant advantage over the mining sector in industrial production led to a significant increase in the Australian economy at the beginning of the century due to high prices for resources.).
10) Norway (largest oil and gas producer in Western Europe. Hydropower covers a great part energy needs, which allows exporting most of its oil. Oil funds are used for the development of future generations. Mineral Reserves. Large trade fleet. Low inflation (3%) and unemployment (3%).).
11) Belgium (One of most significant manufacturers of metal products and textiles. Flanders is the leading region in the hi-tech industry. Antwerp – the world center of diamond trade. Highly chemical industry. Well-educated and highly motivated multilingual workforce with high productivity. Good water transport network across the North Sea, access to the Rhine from Antwerp to Ghent.).
12) United Kingdom (The UK has partially regulated market economy. The UK is the sixth largest economy in the world and third in Europe, relying at market exchange rates. Automobile industry is a major industrial sector, the aviation industry is the second or third in the world. The pharmaceutical industry also plays an important role and is third in the world.).
13) France (highly developed industrial-agrarian country, occupies a leading position worldwide in terms of industrial production, is considered “major” country. its economic weight enables it to play a key role in the international arena. France uses its benefits, ranging from the central geographical position in Europe to the possession of the outputs on the main trade routes of Western Europe: the Mediterranean Sea, La Manche and the Atlantic Ocean.).
14) Finland (refers to the number of small highly industrialized countries, is part of an advance team of the world in terms of GDP per capita. Developed hi-tech sector (mobile phones Nokia, Internet services). First place in the world in the production of paper. Low inflation, sometimes less than 2% per year. Increasing investment attractiveness. Gate to the Russian and Baltic economics.).
15) Iceland (There is an intense diversification of industries based on cheap renewable energy (mostly – geothermal and hydropower). The Icelandic government has announced ambitious program to build aluminum plants. It is also actively developing biotechnology, tourism, banking and information technology. In 2007, the UN recognized Iceland best country to live in peace.).
16) Switzerland (Main imports: Industrial and electronic equipment, food products, iron and steel, petroleum products. Main exports: machinery, watches, textiles, pharmaceuticals, electrical equipment, organic chemicals. In coutry highly skilled workforce, reliable service sector. Developed in mechanical engineering and precision mechanics. Transnational corporations chemical industry, pharmaceutical and banking sectors. Banking secrecy attract foreign capital. The banking sector accounts for 9% of GDP. Innovations in mass markets (watch Swatch, concept cars Swatch).).
17) Netherlands (Advantages: highly skilled and multilingual workforce. Excellent infrastructure. The current worldwide concerns such as Philips and Shell. Equal relationships between employees and employers. Low inflation rate (April 2011 to 2.1%). The unemployment rate according to March 2011 5.1%. Weaknesses: expensive social system is a high tax and social insurance payments. One-third of government revenue goes to social welfare payments. An aging population. High costs for salaries.).
18) Luxembourg (One of the richest countries in Europe with the highest standard of living. In the city of Luxembourg are many organizations of the EU. Due to favorable conditions and offshore areas in the capital, located approx. 1000 investment funds and more than 200 banks – more than any other city in the world. 4th place in the world in terms of income (in 2010 $ 128.806 per person per year.). 70% of GDP is formed by the mining of iron ore, iron and cast iron).
19) Japan (one of the world’s advanced economies. Export: transport vehicles, cars, motorcycles, electronics, electrical engineering, and chemicals. Imports: machinery and equipment, fuels, foodstuffs, chemicals, raw materials. In Japan, a rapidly growing foreign exchange reserves at the end of the twentieth century. It is the most powerful banking center and the international lender now. Its share in international loans grew from 5% in 1980 to 20.6% in 1990, Exports of capital is the main form of foreign economic activity.).
20) Germany (The German economy is organized on the principle of social market economy, characterized by a combination of social balance and market freedom. This economic model assumes a large extent the free market forces, however, the emphasis are on social security.).