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The best places in the world to do business

The best places in the world to do business


Singapore, Denmark and the US are the best places in the world to do business, according to a new ranking by the Economist Intelligence Unit (EIU).

"Singapore will remain the best geography in the world to do business, as it has done for the past 16 years," said EIU Europe analyst Prianthi Roy.

Factors driving the Southeast Asian country as a top business destination are its political stability and the government's focus on technological improvement, she said.
Following Singapore are Denmark and the USA, which took second and third place respectively.

Germany and Switzerland take fourth and fifth place, while Canada, Sweden, New Zealand, Hong Kong and Finland make up the rest of the world's 10 best places to do business.

The EIU ranking is measured based on indicators such as inflation, cost of living, economic growth and fiscal policies.