Denmark is the best country in the world to do business in 2008, and for the next five years.
The is the conclusion made by Economic Intelligence Unit (EIU) through its Business Environment Index publication, after completing their research on Best Countries For Business in April 2008.
The EIU is the global leading provider of economic and financial intelligence which plays a major role in assessment of business climate and condition for over 200 countries worldwide on continuous basis.
The research was done by analyzing the business climates on each of the 120 countries, focusing on a number of factors such as investment attraction, freedom of expression, standard of living, GDP growth, unemployment rate, rate of corporate misdeeds and corruptions, economic policies and so on.
Denmark is followed by Ireland, Finland, United States, United Kingdom, Sweden, Canada, Singapore, Hong Kong, Estonia, Switzerland, New Zealand and Australia.
Among of Denmark’s strengths are the labour market flexibility, friendly economy policy, high quality of infrastructure, technology development and ability to spur economic activities using existing resources. The country was ranked 4th last year.
The finding comes as a double joy for the Danes, as recently their country is also named the happiest nation in the world.