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April 05, 2007
Ain't Your Momma's Globalization
Now that I've conquered Denver, thoughts have naturally turned towards expanding the TSC vision to an overseas market. Quell surprise, then, that the latest issue of Inc. Magazine is devoted to just such a topic. Best part? Tiny write-ups on the top three countries NOT to do business in. Forthwith:
Belarus: Taxes here are a nightmare. The World Bank estimates that the average midsize company will make 125 separate tax payments each year and will spend 1,188 hours on tax preparation (roughly half a year's worth of eight-hour workdays.)
Guinea-Bissau: Don't try to incorporate a company here. The process comprises 17 procedures and takes an average of 233 days to complete. A single notary handles all registrations by hand.
Zimbabwe: In 2005, Zimbabwe's GDP fell by 7.1 percent, the biggest drop in the world. Ruler Robert Mugabe's policies inspired an Atlantic Monthly article entitled, "How to Kill a Country." The nation ranks dead last in the World Economic Forum's competitive indices for property rights, credit rating, inflation, phone infrastructure and recession expectations.
Posted by Bree at April 5, 2007 12:55 PM