Nations developed different set of laws. Nations with simpler laws make it simpler to take risk. To run business means take risk, but you will never win if you

Nations developed different set of laws. Nations with simpler laws make it simpler to take risk. To run business means take risk, but you will never win if you have state as your enemy. I say this from experience, was living in both over bureaucratised country with such complex regulations that even bureaucrats could not follow. In such country your business relies on mood/honesty of public servant who handles you. I was also living in the country where I have not heard from state for 7 years while I was running my business there. I was paying my fair share of taxes and state was not throwing roadblocks under my legs. After a bit of thinking I'd also stress out how important juridical system is. If you have to wait 10 years for ruling you will be definitely more risk averse.