Switzerland, Luxembourg and Panama topped the list of countries that are considered to be the best to start a business. Participation in the survey was 21 000 people worldwide.
The state of Luxembourg, which took first place, and Switzerland (second place), have proven favorable business conditions, tax environment and "transparent" government, while the low-cost production of Panama and its reputation of a tax haven have helped the country to take third place. Nevertheless, the Central American country ranked last in terms of transparency of state practice.
USA took 43rd place in the list of favorable countries for "doing business", while Britain took the 20th place. Both countries are considered relatively bureaucratic, but Britain did better than the US in terms of transparency of government practice.
Respondents were also asked to rate the country as a whole, including such factors as culture and heritage, quality of life and entrepreneurial approach. Switzerland ranked first, followed by Canada, Germany and the United States. USA took eighth place.
Britain dropped to fourth place in the list compared to the third in 2017 - is a mixed result for Britain.
Respondents were also asked to assess the political and business leaders. Canadian Prime Minister Justin Trudeau led the ranking, it was followed by German Chancellor Angela Merkel and French President Emmanuel Macron. President Donald Trump was the least favorite, it was followed by the President of the Philippines Rodrigo Duterte and Russian President Vladimir Putin.
Former Google CEO Eric Schmidt led the business leaders of the rating, it was followed by Facebook founder Mark Zuckerberg and Elon Musk, co-founder of Tesla and SpaceX. Executive Director of JP Morgan, Jamie Dimon was the least mentioned, followed by LVMH CEO Bernard Arnault and steel magnate Lakshmi Mittal.
The survey, which was conducted online, attended by 21,117 people from 36 countries in the period from July to September 2017.
Based on materials WELTRADE