The shift by the U.S. and Britain toward more protectionist trade and immigration policies isn't hurting their reputation as places to do business, according to a new ranking from the World Bank.
The U.S. moved up two positions to sixth in the development lender's rankings of 190 countries based on ease of doing business, while the U.K. retained its spot in seventh place, the World Bank said in its "Doing Business 2018" report released Tuesday.
New Zealand took the top place for the second straight year, followed by Singapore, Denmark, South Korea and Hong Kong. Macedonia dropped out of the top 10, while Georgia jumped into ninth spot. Among the top 20 ranked economies, the former Soviet republic has enacted the most business-friendly reforms since the World Bank started tracking them in 2003, according to the report.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
