To start business in Burkina Faso or in Austria?
GlOBAl_COMPETITIVENESS_REPORT – The World Economic Forum calculated competitiveness of 133 countries for 2009-2010.The World Economic Forum is an independent international organization committed to improving the state of the world by attracting attention to regional agendas.
Switzerland is at the top of overall ranking. The United States falls one place to second position. Singapore, Sweden and Denmark round out the top five. European economies continue to prevail in the top 10 with Finland, Germany and the Netherlands following suit. The United Kingdom has continued its fall from last year, moving down one more place to 13th. Austria takes in this rating honorable 17th place.
Estonia, taking 35th position, remains a leader among the Post Soviet countries. Azerbaijan (51st place), Lithuania (53), Russia (63) take up the top half of the rating. Kyrgyzstan took 123rd out of 133 places leaving behind such competitors as Nepal and Burkina Faso.
The Global Competitiveness Report’s ranking is based on the Global Competitiveness Index and 12 pillars of competitiveness, providing a comprehensive picture of the competitiveness landscape in countries around the world at all stages of development. The rankings are calculated from both publicly available data and the Executive Opinion Survey, a comprehensive annual survey conducted by the World Economic Forum
According to surveys, the most problematic factors of doing business in Kyrgyzstan are corruption and policy instability; in Russia – corruption, inefficient tax regulations, crime and theft; for Austria – restrictive labor and tax regulations, inefficient government bureaucracy.
Among others the prevailing competitive rating disadvantages for Kyrgyzstan are: unpredictable ethical behavior of firms, low reliability of police, organized crime, low quality of electricity supply, brain drain (specialists leaving homeland), high rate of tuberculosis, low rate of availability of latest technologies and low quality of scientific research. For Russia, dominant disadvantages are burden of customs procedures, low intellectual property protection, low quality of roads, low rate of property rights, and obscure transparency of government policy-making, poor soundness of banks.
For Austria, most prominent competitive disadvantages are burden of government regulations, public distrust of politicians, high total tax rate, complicated procedures required to start a business, and relatively low rate of primary and higher science education in the country.
Galina Toktalieva for Die Wiener Nachrichten, collage by author
Related entries
Tourists in Kyrgyzstan buy nuclear waste as souvenir
Pollution and poverty in Kyrgyzstan
Ah!!! at last I found what I was looking for. Somtimes it takes so much effort to find even tiny useful piece of information.
Nice post. Thanks
спасибо, в закладки
Ой, а что это за шаблон? Он платный? Ну Типа круто , этот Ваш http://www.toktali.com !
Die Wiener Nachrichten…
Сегодня случайно наткнулся на необычный блог «Die Wiener Nachrichten». На данном
Сенкс за инфу, почитал с интересом.
[...] Here is the original post: To start business in Burkina Faso or in Austria? : Die Wiener … [...]