Let’s say you’re looking to start a new business, but you don’t want to deal with a lot of bureaucratic red tape. Where’s the best place to start it? The most interesting thing about the list of best places to start a business today is who’s not close to the top of the list: the United States.
The World Bank’s annual Doing Business report ranks countries according to how friendly they are to business. Of the 11 categories ranked, the United States is in the top 10 in only four of them. (In the category of paying taxes, the United States is the No. 72 country in the world.)
So where’s the easiest place in the world to start a business? The report says it’s New Zealand, followed by Australia, Canada, Singapore and Hong Kong. None of those are terribly surprising to anyone who keeps up with world business, but the No. 8 country is Rwanda. Yes, the country that’s synonymous in our minds with mass killings in its recent past is one of the few African countries getting its economic act together in this particular way. (Here’s a slideshow of the top countries in that category.)
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