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October 30, 2005
The Best Countries for Entrepreneurial Financing
The Milken Institute has released a study (pdf) ranking countries by entrepreneurial access to capital. Factors considered include macroeconomic factors such as inflation and the volatility of interest rates, the access and structure of bond and equity markets,
The United Kingdom ranks first, followed by last year’s number one, Hong Kong. The remaining countries in the top ten, in order, are Singapore, the United States, Sweden, Denmark, Australia, Norway, Finland, and Canada.
While China improved their ranking from 43rd to 38th, the country still trails a number of countries not exactly considered bastions of entrepreneurism. This ranking speaks to recent comments from U.S. Treasury Secretary John Snow, during his recent visit, regarding China’s need to accelerate reform of its financial system.
India ranks even worse, however, at 53rd on the list, down two spots from last year.
Seventeen of the bottom twenty countries are in Africa.
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