I agree with those who assert that Canada’s got a ways to go before it lives up to its potential, but the extent of much derision leveled by discontent Canucks is grating. With that in mind, I found this interesting.
[quote=“CBC: Canada Ranks 4th for doing business”]Singapore is the friendliest place on earth to run a business. But Canada doesn’t fare badly at all in a recent survey by the World Bank.
It ranks fourth in the world, after New Zealand and the United States.
Entitled Doing Business, the report rates 175 countries on the ease of doing business within their borders.
The report looked at the cost of meeting government regulations, taxation and the hassle entailed in getting a business licence and credit.
Singapore passed New Zealand this year to claim the No. 1 spot. The top 10 countries are:
- New Zealand
- United States
- Hong Kong
- United Kingdom
Germany came in 21st, France 35th and Italy 82nd.
[Taiwan ranks 47th.]
While Japan was 11th in the ranking and Thailand 18th, other Asian nations were lower down in the rankings. South Korea held 23rd position and Malaysia 25th. China was far back in the 93rd position.[/quote]
Particular concerns were raised over obtaining licenses and registering property.
[quote=“World Bank: Doing Business Report”]Note:
A high ranking on the ease of doing business means that a government has created a regulatory environment conducive to operating a business, yet the rankings do not tell the whole story. They do not account for such other factors as the quality of infrastructure services, proximity to large markets, or law and order.
A joint World Bank-IFC product, Doing Business is based on the efforts of more than 5,000 local experts—business consultants, lawyers, accountants, government officials, and leading academics around the world—who provide methodological support and review.[/quote]
So, that’s fourth, not including “the quality of infrastructure services, proximity to large markets, or law and order”; in which Canada would rank–I think-- A, A+, and A+ respectively.
Not so bad.
Dig in, nay sayers.