Canada’s 2rd Best Place to do Business
March 30, 2005 · By H. Cameron
According to the Economist magazine, Canada is a great place to do business.
Canada drops to second in Economist ranking of best business countries
LONDON (CP) - Economic upstart Denmark has bumped Canada from its lofty perch atop a prestigious European ranking of the best places in the world to do business.
The ranking, conducted every five years, is based on 10 categories, including the political and institutional environment, macroeconomic stability, policy towards private enterprise, foreign investment policy, financing and infrastructure.
Ignoring how silly these rankings actually are, you should make sure to read the full article. At the bottom you’ll see abit of editorializing by the biased Canadian Press (CP) writers.
But there’s still hope for Canada: Denmark’s “xenophobic anti-immigration policies” threaten to create labour shortages in the face of a population that’s growing slowly and is inclined to retire early from the workforce.
Xenophobic anti-immigration policies? Jeez, CP, why don’t you tell us how you really feel about Denmark’s immigration policies.
Would it not be better to assess where the best places to do business are based upon how much business is actually done there, and how prosperous the economy is? In which case, free-market bastions like Singapore and Hong Kong leave both Canada and Denmark in the dust. I’m sure Canada and Denmark are great places to do business if you can get some government pork for your enterprise, though.
What measures does the Economist use to draw its conclusions?
Wow, impressive! We’re the secird place in the world to do business! That has to be a first!