Mongolia`s been placed at 64th in the 2012 edition of the Best Countries for Business ranking of Forbes magazine. It was ranked at the 63rd place in the previous year’s study. Mongolia was listed between Kuwait (62th) and Thailand (67th).
The Forbes ranked world’s 141 countries using eleven different factors including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. The following shows the scores provided for Mongolia in 2012: Trade Freedom 69, Monetary Freedom 90, Innovation 110, Technology 67, Red Tape 34, Investor Protection 24, Corruption 109, Personal Freedom 44, Tax Burden 56 and Market Performance 80. Main reason Mongolia’s place dropped was to do with the increased Corruption and Market Performance scores, which were 96 and 2, respectively in 2011.
The 2012 edition of the list is headed by New Zealand, followed by Denmark, Hong Kong, Singapore, Canada, Ireland, Sweden, Norway, Finland and the United Kingdom.
The US dropped two places to the 12th, just behind Australia, which is at the 11th, , while France and Germany are listed at the 20th and 21st, respectively.
The five lowest-ranking countries are Cameron, Venezuela, Zimbabwe, Chad, and Guinea.