Thailand was awarded the best country to start a business in 2017 by US News. According to their website, “Best Countries is a rankings, news and analysis project created to capture how countries are perceived on a global scale.
The rankings evaluate 80 countries across 24 rankings drawn from a survey of more than 21,000 global citizens, measuring 75 dimensions that have the potential to drive trade, travel and investment and directly affect national economies.”
It is the second year in a row for Thailand to win the first place as world’s best countries to start a business and Thailand also ranks overall at 26th for best countries of the world.
According to the US News, the Best Countries to Start a Business are ranked based on scores from more than 6,000 business decision-makers on a compilation of five equally weighted country attributes: affordable, bureaucratic, cheap manufacturing costs, connected to the rest of the world and provides easy access to capital.
In addition, Thailand was ranked in various World’s Top 10 including:
The 4th place for the Best Countries for Adventure
The 6th place for the Best Countries for Movers
The 7th place for the Best Countries for Heritage
The 8th place for the Best Countries to Travel Alone
Surprisingly Thailand is ranked at a very respectable 38th for Best Countries for Transparency.
This is likely to provoke plenty of debate among the farang communities throughout the country.
(Source:-US News.com/Chiang Mai City life)