NZ overtakes Singapore as best place to start a business
posted on 26th October 2016
New Zealand has been named by The World Bank as the best country in which to start a new business. It also ranked first in registering property, getting credit, dealing with construction permits and protecting minority investors. The news follows the recent World Economic Forum Global Competitiveness Report which showed New Zealand outranked Australia, China and Canada in competitiveness, but suggested infrastructure, government bureaucracy and innovation are holding us back.
World Bank chief economist Paul Romer said simple rules for doing business were a sign that a government treated its people with respect.
'They yield direct economic benefits: more entrepreneurship, more market opportunities for women, more adherence to the rule of law.'
However, in a separate article a Wellington academic has warned that 'ease of doing business does not always equate to more business.'
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