{"id":38,"date":"2015-07-29T12:17:47","date_gmt":"2015-07-29T12:17:47","guid":{"rendered":"https:\/\/courses.candelalearning.com\/intlbusx1xmaster\/?post_type=chapter&p=38"},"modified":"2017-01-09T19:22:40","modified_gmt":"2017-01-09T19:22:40","slug":"tips-in-your-entrepreneurial-walkabout-toolkit","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/cerritos-internationalbusiness\/chapter\/tips-in-your-entrepreneurial-walkabout-toolkit\/","title":{"raw":"Reading: Tips in Your Entrepreneurial Walkabout Toolkit","rendered":"Reading: Tips in Your Entrepreneurial Walkabout Toolkit"},"content":{"raw":"
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Attracting Trade and Investment<\/h2>\r\nGovernments around the world seek to attract trade and investment, but some are better at achieving this objective than others. Are you wondering where the best country to start a business might be? The Wall Street Journal<\/em> recently made an effort to answer this question by reviewing data from global surveys. Contrary to what you might think given the global push toward globalization and a flat world, most governments still actively limit and control foreign investment.\r\n\r\n
\r\nGovernments in the developing world, for instance, often impose high costs and numerous procedures on people who are trying to get a company off the ground. In Zimbabwe, entrepreneurs will have to fork over about 500 percent of the country\u2019s average per-capita income in government fees. Compare that with 0.7 percent in the U.S. In Equatorial Guinea, owners have to slog through 20 procedures to get their venture going, versus just one in Canada and New Zealand. Still, lots of countries are making progress. In a World Bank study of red tape, Samoa was singled out for making the most strides in reforming its practices. It went from one of the toughest places in the world to start a company last year\u2014131st out of 183\u2014to No. 20 this year\u2026China, for instance, ranks as just the 40th best place in the world to start a company. Yet China and its up-and-coming peers score high on forward-looking measures like expectations for job creation\u2014so they\u2019re likely to catch up fast with more-advanced economies.[footnote]Jeff May, \u201cThe Best Country to Start a Business\u2026and Other Facts You Probably Didn\u2019t Know about Entrepreneurship around the World,\u201d Wall Street Journal<\/em>, November 15, 2010, accessed December 27, 2010, http:\/\/online.wsj.com\/article\/SB10001424052748703859204575525883366862428.html<\/a>.[\/footnote]\r\n<\/blockquote>\r\n
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Quick Facts<\/h3>\r\n