The rising risk of terrorism, war and trade conflict, combined with growing fiscal and current-account deficits, has pushed the US from first place to fifth in the latest business environment rankings from the Economist Intelligence Unit.
The rankings, which are revised quarterly, assess the attractiveness of operating conditions for companies in 60 countries, and compare the likely environment for the next five years (2002-06) with the preceding five years. The US was the best location for business operations between 1997- 2001, but is expected to trail the Netherlands, Canada, Finland and the UK between 2002-06.
The top position of the Netherlands is mainly the result of its highly qualified staff, its excellent infrastructure and the stable macro-economic environment.
More to follow.
(source: ViewsWire London)