Best Countries for Business: U.S. Slides Again

Forbes has released this year’s list of the Best Countries for Business. Sadly the U.S.A. has fallen further down the rankings. Forbes writes:

Looking for a land of opportunity? The Old World beckons. Despite a sluggish economy, Europe dominates the top of FORBES’ annual ranking of the finest countries for capitalism—with Scandinavia as a particular stand-out. European countries represent two-thirds of the top 25 with Denmark repeating in the lead position of the Best Countries for Business.

The picture isn’t as bright for the U.S., which slides four spots to No. 22. It continues a six-year descent since 2009 when the U.S. ranked second overall. The U.S. is the financial capital of the world and its largest economy at $17.4 trillion (China is second at $10.4 trillion), but it scores poorly on monetary freedom and bureaucracy/red tape. More than 150 new major regulations have been added since 2009 at a cost of $70 billion, according to the Heritage Foundation.

The drop this year by the U.S. can be blamed on a couple of factors. Its rating fell relative to other countries on the World Bank’s measure of investor protection, which is part of the international financial institution’s annual “Doing Business”study. Blame poor scores on the “extent of shareholder governance.” The U.S. also got dinged on the World Banks’ tax component, as well as technological readiness per the World Economic Forum’s “Global Competiveness Report.”

E.J. Smith - Your Survival Guy

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E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.