Its also a country that is highly regulated. Green is very popular there
"Regulation", and "Environmental regulation", are two different things. A lot of regulation has nothing to do with the environment.
All of quotes below the dividing line in this post, are about ways that Denmark intervenes less than the norm.
Denmark's Business Freedom, Investment Freedom, Financial Freedom, Freedom from Corruption, and Labor Freedom Scores are higher than those of the US. The only reason we score (slightly) higher then them in the overall ranking is that our Government Size, and Fiscal Freedom scores are much better (those scores are primarily about taxing and spending)
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"The overall freedom to start, operate, and close a business is strongly protected by Denmark's regulatory environment. Starting a business takes an average of six days, compared to the world average of 38 days. Obtaining a business license requires much less than the world average of 18 procedures and 225 days."
"Foreign and domestic investors are subject to the same laws. As a rule, foreign direct investment is not subject to restrictions or prescreening. The investment code is relatively transparent and in line with international standards. Bureaucratic procedures are streamlined and transparent. Incentive financing, often targeted to preserve the environment, is available to foreign and domestic businesses. Ownership restrictions apply to a few sectors, such as real estate, where there is usually a five-year residency requirement for foreigners. There are no restrictions on converting or transferring funds associated with an investment into or out of Denmark."
"Denmark's financial system is competitive, though the two largest banks account for about 75 percent of assets. There are no state-owned banks, and the central bank is independent. As of mid-2007, there were 166 domestic and foreign commercial banks, including 10 branches of international banks, offering a wide range of financial services."
"The judiciary is independent and generally fair and efficient. Commercial and bankruptcy laws are consistently applied, and secured interests in property are recognized and enforced. Denmark adheres to key international conventions and treaties on the protection of intellectual property rights."
"Denmark is perceived as one of the world's least corrupt countries"
"Flexible labor regulations enhance employment opportunities and productivity growth. The non-salary cost of employing a worker is low, and dismissing a redundant employee is relatively inexpensive." |
