Posted on 10/25/2011 5:20:12 PM PDT by Kaslin
Commerce: The U.S. has slipped again in world rankings that assess the ease of starting a new business. If we're to bring down our stubbornly high unemployment rate, this trend has to be reversed.
According to the World Bank's "Doing Business 2012" report, America is 13th among 183 countries ranked in the "Starting a Business" category. In the 2011 report, the U.S. ranked 11th. The year before, it was No. 8.
In 2009, the U.S. was ranked No. 6. It was fourth in 2008 and third in 2007.
In the 2012 ranking, the U.S trailed such job creators as Macedonia, Georgia, Rwanda, Belarus, Saudi Arabia, Armenia and Puerto Rico, which are ranked No. 6 through No. 12.
Big companies aren't usually founded as multinational corporations. Most begin as small businesses. And it's small businesses — which employ more than half of the domestic nongovernment workforce — that generate the bulk of new employment opportunities.
Our own research shows that small businesses create more than 80% of the new jobs in this country. This isn't some fantasy we've cooked up. It's been confirmed in the New York Times by reporter Steve Lohr, who wrote in September that it's an "irrefutable conclusion" that small businesses are this country's job creators.
(Excerpt) Read more at investors.com ...
“...Laser-like focus on (destroying) jobs...”
The only problem with having a business in Rwanda is that about every 30 years bands of either hutus or tutsis come along and chop you into bloody pieces with machetes. Other than that, it is a great country.
That would change now. the Pres there has done a great job
Time will tell, eh?
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