10 Most Business-Friendly Nations in the World

5. Denmark

Doing business rank (2011): 5 Doing business rank (2012): 5

Denmark is the pioneer nation to introduce social and labor-market reforms. This took place in Denmark in the early twentieth century. Well, this is the main reason of Denmark’s highly developed economy.

Denmark has the most flexible labor market in the Europe. It has also been ranked as the easiest place to do business. Setting up a business in Denmark can be accomplished within a few hours and the cost is also comparatively low. The flexibility in the market allows the employers to hire employees whenever they want and also do the same, in case they has to fire the employees.

6. Norway

Norway has made a progress of one move. When last year, it was on the seventh position, this year, Norway has made it to the sixth rank in this list.

It is second wealthiest county in the world. From the last six years, it has been the leader in the Human Development Index rate. The Norwegian economy is considered as one of the most stable economies in the world.

The main resources of Norway are petroleum, hydropower, forests, minerals and fish. It also has one of the highest standards of living in the world.

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