Monday, February 22, 2010

Colombia a Good Place to Do Business

Colombia a Good Place to Do Business: Colombia Beating All Other Latin American Countries

When asked which countries are the best to do business in, Colombia probably doesn't come to mind. Colombia typically comes to mind when talking about Guerrilla or drug trade. And yes, there is still coffee.

It might be time to let go of this perception: The World Bank in their yearly report "Doing Business" ranked Colombia 37 among 183 countries. While this might not seem like an impressive number, it might be interesting to note that highly industrialized countries like Germany ranked 25, Japan 15, France 31, Italy 78. Upcoming countries like India ranked 133 and China 89.

What's even more surprising is that Colombia beat all other Latin American countries by far, even countries which have recently been looked at as shooting stars in Latin America, like Brazil (129), Chile (49) and even Mexico (51). It might not be too much of a surprise that Chavez-led Venezuela (177) is coming in at the very end among the Latin American countries.

Colombia with a 5th place ranked particularly well in the category "Investor Protection". No nationalization of privately owned businesses in Colombia!

Also the development over time looks good: Colombia improved it's rank by 12 from 49 last year to 37 in 2010. Go Colombia!

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1 comment:

  1. Hello, I like that you are talking so many good things about Colombia I also have a blog about Colombia and i would love it if you would comment in my blog and tell me what i might cahange or improve about it.
    And Go Colombia!!