The Ten Best Countries for Entrepreneurs in 2018

US News and World Reports recently released its list of the best 10 countries for entrepreneurs in 2018. In addition to developed nations, like the United States, United Kingdom, Japan, and Germany, a variety of other regions around the globe were represented in the rankings. See the list at this link: https://www.cnbc.com/2018/02/05/us-world-news-report-2018-top-10-best-countries-for-entrepreneurs.htmlutes 

The survey used ten different attributes to evaluate how different countries promote and sponsor entrepreneurship. Although economic factors, such as access to capital, development of infrastructure and skill of the labor force, seemed to be the primary components of the study, the development of the legal framework was also considered in each of the countries. I was encouraged to see that the impact of the law on entrepreneurs was considered by the study as the law has been viewed in many ways as a mechanism that gets in the way of entrepreneurs. Lawyers in traditional law firms are also seen as inefficient and expensive in how they conduct their business, so I think it is important for an entrepreneurial mindset to apply pressure to the legal profession to think more creatively about the intersection of law and business.

 

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