Asia hostile to foreign investors
Posted by adminIt is faster to start a business in Afghanistan and Albania in France. Seven days on average enough against nine in France. This spring the new World Bank report, "Investing Across Borders 2010 ', published today in Vienna. Completed between April and December 2009, compared to 87 countries around the laws that regulate foreign investment by retaining four criteria: the restrictions on equity investments, the time it takes to start a foreign company, access to industrial land and commercial arbitration regimes.
Latin America, including Brazil and Venezuela are conversely very slow (169 days and 179 days respectively), as well as China (99 days).If the countries of the OECD (Organization for Economic Cooperation and Development) are mostly very open to foreign ownership in their enterprises, as well as Eastern Europe and Central Asia, Asia East and the Pacific, except Singapore of course, found the greatest number of restrictions, especially in China and Indonesia, says World Bank.
The East Asia stands out even more in the area of land since, apart from Malaysia, Thailand and Singapore, no country in the region reviewed by the bank allows foreigners to own their own land This poses no problem unlike in the OECD countries or in Eastern Europe and Central Asia.
And, notes the World Bank, countries are best placed in the report are those "who also tend to attract more foreign investment in relation to the size of their economies and their people. Conversely, countries whose scores are lower tend towards higher levels of corruption, a higher political risk and governance structures are weakest.