According to data collected by Bloomberg, Hong Kong, with its free market policies and low corporate taxes, is currently ranked the best place to do business in the world. Because Hong Kong is a gateway into China, the most populated country in the world, it is the natural place for companies like GE and gap to set up their head quarters. Bloomberg based their rankings on six components including, 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, the U.S., the U.K. and Australia occupied the next four leading slots.
http://www.bloomberg.com/news/2012-03-20/hong-kong-beats-netherlands-and-u-s-as-best-place-for-business.html
Lauren Neeleman
Interesting article. I was always under the assumption that Singapore was the best place to do business internationally, but have heard that Hong Kong is next in line for an ideal spot to set up global operations.
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