Less is More
In a study released by the World Bank, New Zealand has been named the most business-friendly nation in the world. The study ranked 155 countries and was based on classic American assumptions of economic success, like the idea that the less red tape – the easier it is to do business. Singapore joined New Zealand in the top spots while America came in at third place, followed by Canada. The World Bank examined factors such as the ease or difficulty of hiring and firing, the abilities of creditors to recoup money in the case of bankruptcy and the ability to enforce contracts in court.