It’s the second such annual list compiled by Bloomberg Rankings, a subsidiary of Bloomberg. It ranks nations on how business-friendly they are based on numerous factors such as start-up costs, labor costs, materials and transportation costs and so forth.
Here are the top five locations:
- Hong Kong: The city-state tops the list for the second straight year with low start-up costs and No. 2 rankings in transport and less tangibles costs.
- U.S.: Lower costs and quality economic integration give the U.S. the No. 2 spot.
- Japan: Very low cost of labor and materials as well as good economic integration.
- Netherlands: Higher labor costs were overcome by low transport and other costs.
- Germany: The best economic integration and good local consumers bring it in at No. 5.
Overall, more than 161 countries were studied. The top 20 can be seen at Bloomberg.