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Every seen those ratings of countries as "Good places to do business"? Part of that is how well contracts are enforced and debts paid. Countries where it takes
by slyall 12y ago
Every seen those ratings of countries as "Good places to do business"? Part of that is how well contracts are enforced and debts paid.
Countries where it takes 10 years to force a company/person to pay a debt are not highly ranked and thus people are a lot less willing to do business or invest in them.
Eg You little startup won't be able to lease office furniture if the hiring company doesn't think it can at least seize it back..
- crdoconnor 12y agoNot only have I heard of it, I live in #1. Would you like a detailed list of reasons why it's not a list you want to be at the top of or would you rather take my word for it?
- jotm 12y agoPlease do list the reasons, I'm interested.
- bernardlunn 12y agoDenmark?
- shiven 12y agoPlease do share. I am nonplussed as to why someone (on HN, the bastion of entrepreneurial culture, nonetheless!) would have problems with a societal framework that is #1 for doing business.
- crdoconnor 12y agoMainly because being #1 for "doing business" often comes at the expense of customers and employees. Low regulatory protection means stuff like this is deemed acceptable - http://www.tnp.sg/news/sim-lim-squares-phone-scam-makes-headlines-internationally http://www.tnp.sg/news/sim-lim-squares-phone-scam-makes-head... It also means that stuff like this, which is regarded as a basic right in other countries, is deem jailworthy - https://sg.news.yahoo.com/singapore-bus-driver-strike-makes-world-news-104247497.html https://sg.news.yahoo.com/singapore-bus-driver-strike-makes-... This is what it really means to be top of that list.
- eru 12y agoSeems worth it. (I used to live in Singapore, too.)