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Iraq Scores Poorly on “Best Countries for Business” Index

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Iraq Scores Poorly on “Best Countries for Business” Index

Post by claud39 on Sun Dec 23, 2018 10:17 am


Iraq Scores Poorly on “Best Countries for Business” Index

23rd December 2018 in Iraq Industry & Trade News

By John Lee.
Iraq has been ranked in 130th place in the Forbes Best Countries for Business index, out of the 161 countries measured.
The index gauges the Best Countries for Business by rating nations on 15 different factors, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape and investor protection. Other metrics included were workforce, infrastructure, market size, quality of life and risk.
The top three positions were taken by the United Kingdom, Sweden and Hong Kong, while the Central African Republic, the Republic of Congo and Guinea-Bissau were at the bottom of the list. Libya was ranked in 152nd place.
According to the report:
“Overregulation has made it difficult for Iraqi citizens and foreign investors to start new businesses. Corruption and lack of economic reforms – such as restructuring banks and developing the private sector – have inhibited the growth of the private sector.”
More on Iraq’s ranking here.


(Source: Forbes)

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Re: Iraq Scores Poorly on “Best Countries for Business” Index

Post by Jayzze on Sun Dec 23, 2018 10:52 am

thanks for bringing this article over. there is another part of this with  more detail that shows how screwed  up iraq is but I  have  no clue how to bring it over. thanks again maybe some dreamers will really see how iraq is and not the bs of the gurus
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