What's the Friendliest Country for Entrepreneurs?
The United States placed second in a global survey about entrepreneurial cultures. So which nation came out on top?
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And the winner is... Indonesia.
The BBC asked survey participants to evaluate their country based on four criteria: how highly innovation was valued, degree of difficulty for starting a business, perception of those who start businesses and ease of putting ideas into practice. Taking the mean scores to create an overall index of the most favorable countries for entrepreneurs, Indonesia came out on top, followed by the United States, Canada, India and Australia. On the other extreme, Russia, Italy, Turkey, Egypt and Colombia were seen as having the least entrepreneurship-friendly cultures. With the exception of Italy, all the developed countries surveyed received an above-average score for their affinity to entrepreneurship. In looking at the countries with developing economies, India, China and Nigeria were the three perceived by their own people as the most favorable to new businesses.
While the poll didn't provide evidence as to why people held the views they did, the BBC pointed out some surprising results that don't fully align with widely held perceptions of certain countries. For example, according to a BBC World Service article, labor laws in France are generally considered tough, yet in the poll, the country was seen as a good place for a new business. Similarly, Nigeria's problem with corruption did not interfere with its positive perceptions about entrepreneurship.
The BBC takes a more in-depth look at different entrepreneurial cultures and provides special reports on the United States and Russia on the Extreme World website.