Which developed economy is as hard to enter as the toughest emerging markets?
The answer, according to a report published on Wednesday by law firm Allen & Overy, is the US. According to a survey of 1004 global business leaders, only China with 21 per cent ranks ahead of the US (19 per cent) in terms of difficulty; Russia comes third with 17 per cent; India, Brazil and South Africa are lower down the list.
The regulatory environment in all top three countries was cited as the main deterrent to entry with a third of those surveyed that named China mentioning it as a factor, compared to a quarter for the US and 40 per cent for Russia.
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