NZ 2nd place country to do business in

December 8th, 2013 at 12:00 pm by David Farrar

The Herald reports:

New Zealand has been named the world’s second best country to do business in, behind only resurgent Ireland in the annual list compiled by Forbes’ magazine.

The survey found New Zealand had the best scores among all countries for personal freedom and investor protection, as well as lack of red tape and corruption. …

Despite being the smallest economy to make the top 10, with an annual Gross Domestic Product of US$170 billion, New Zealand was one of the fastest growing last year with GDP jumping by 2.5 per cent.

Unless we vote for tax hikes, more debt and spending, and nationalisation.

The index is based on 11 factors, and the ranking for NZ for each is:

  1. property rights – 2nd
  2. innovation – 25th
  3. taxes – 21st
  4. technology – 24th
  5. corruption – 1st
  6. personal freedom – 1st
  7. trade freedom – 10th
  8. monetary freedom – 9th
  9. red tape – 1st
  10. investor protection – 1st
  11. stock market performance – 36th

So the areas for improvement are innovation, technology and reducing the tax burden – plus improving the stock market performance.

 

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19 Responses to “NZ 2nd place country to do business in”

  1. MH (682 comments) says:

    NZ Heralds says a lot of business $20million in one year by Tac Kin Voong and Ri Tong Zhou was done at the SkyCity Casino.

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  2. OneTrack (2,782 comments) says:

    Will we still be ahead of Lithuania by mid-2015? Call me pessimistic, but based on current polling trends somehow I doubt it.

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  3. smttc (711 comments) says:

    God knows how we got first for investor protection with all the political risks created in recent years from Cullen onwards by Labour, Greens and NZ First designed to trash peoples investments in airports, power companies etc.

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  4. Viking2 (11,244 comments) says:

    Faark, if we are no 1 for red tape then the others must be fucking awful.
    No 2 for Property rights must be a joke and No 1 for investor protection is this weeks comedy.

    Who determined this rubbish and by what standards?

    All the world loves a fool.

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  5. NK (1,124 comments) says:

    Of course, #1 for Red Tape could mean we are the worst.

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  6. JMS (313 comments) says:

    Agree with Viking2. Giving us 2nd place for property rights must be a joke.
    Forbes’ Magazine was probably in a bit of a rush and didn’t bother googling RMA.

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  7. Camryn (551 comments) says:

    Maybe NZTE made efficient use of their budget by bribing Forbes?

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  8. wikiriwhis business (3,883 comments) says:

    first in red tape: Bureaucracy capital.

    Mooted as a conspiracy theory when it’s all part of the conspiracy to dwindle business in this country.

    The red tape will be the reason we don’t have the 1980′s economy any more.

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  9. Manolo (13,514 comments) says:

    Unless we vote for tax hikes, more debt and spending, and…

    Didn’t NZ vote for a Labour Lite government in 2008 and 2011? :-)

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  10. Pongo (371 comments) says:

    And thanks to the commerce commissions and their bonkers Chorus decision, the Greens and their rhetoric over Sky City and Labour,s power policy we are absolutely toxic.
    Look at the share prices of any company on the NZX that has regulatory risk attached to it, taken out to the wood shed and beaten to death. All that so vodafone so ably assisted by Hooton can increase their profit margin, if anyone thinks the ISPs will pass on the full price reduction I have a bridge I can sell you. I am patiently waiting for the inept Sue Chetwin to send out a press release that all the folk behind her campaign are promising to pass on 100% of the price reduction.

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  11. wikiriwhis business (3,883 comments) says:

    Sadness as the sheriff heads across the ditch

    ‘It said there was a stakeholder view of the market watchdog as a sheriff riding in to clean up the wild West. So I hope under the man who will next wear the shiny badge – former Merrill Lynch legal executive Rob Everett – that the cowboys don’t draw their guns from their holsters and start shooting up the town again.’

    http://www.stuff.co.nz/business/opinion-analysis/9489800/Sadness-as-the-sheriff-heads-across-the-ditch

    We’re getting another Merrill Lynch cowboy. Probably inducted by our Merril Lynch PM

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  12. duggledog (1,424 comments) says:

    It’s a great place to do your business in.

    Me – around 7 a.m. each morning although strangely not till late afternoon Sundays

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  13. OneTrack (2,782 comments) says:

    “Didn’t NZ vote for a Labour Lite government in 2008 and 2011?”

    Yep, and Labour Heavy is just waiting in the wings for 2014.

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  14. wreck1080 (3,797 comments) says:

    jeez , we seem to be at the bottom for things that really make a business fly…

    innovation – 25th
    taxes – 21st
    technology – 24th
    stock market performance – 36th

    What i read from the list, is that it is easy to setup a business in NZ but not produce or finance a decent product.

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  15. Kea (11,878 comments) says:

    Another [gasp] RACIST !!!! survey.

    No black countries are in the top ten.

    I demand EQUALITY !!!!

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  16. thor42 (970 comments) says:

    The economically-illiterate morons in Labour and the Greens should be able to get this rating plummeting to somewhere around Venezuela levels.

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  17. Yoza (1,665 comments) says:

    Ireland Heads Forbes’ List Of The Best Countries For Business:

    Ireland’s recent troubles have made it more attractive for companies moving in. Nominal wages fell 17% between 2008 and 2011, which helped keep labor costs in check. Unemployment remains stubbornly high—a recent 12.8%—providing companies a large labor pool to pick from.

    So, essentially, if New Zealand wants to be No. 1 all we have to do is ratchet up unemployment and start paying the workforce less. Brilliant!

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  18. Tom Jackson (2,483 comments) says:

    OK. All right wingers who moan about red tape in NZ must report for execution from now on. ;)

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  19. Couchpotatoe (28 comments) says:

    In the words of the The Great Frederick “you don’t know lucky you are”

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