By Making It on 18 August, 2011
Indonesia is the best place for entrepreneurs to start a business, a BBC survey has suggested. The USA, Canada, India and Australia are seen as among the next best countries at supporting new businesses.
The results come from a survey of more than 24,000 people across 24 countries. They were asked whether innovation was highly valued in their country; whether it was hard for people like them to start a business; whether people who do were highly valued; and whether people with good ideas could usually put them into practice. Taking all the answers together as a single index, Indonesia came out as the most favourable place for entrepreneurs.
The physical location of Indonesia | Photo: Wikicommons
All the developed economies surveyed were above the average score, with the exception of Italy, which was far below. But there were also plenty of developing economies that came out as pro-entrepreneur – India, China, and Nigeria were also perceived by their own people as relatively favourable places for new businesses.
In terms of regions, the four countries of East Asia and the Pacific surveyed all received high scores. All the three countries in sub-Saharan Africa also scored above average. In Latin America, Mexico and Peru scored relatively highly, but Brazil and Colombia were well below average.
The poll does not provide evidence on why people took the views they did, and in some respects the results are consistent with widely-held perceptions of the country concerned.
For example, the USA has a particularly pro-private sector culture and a smaller state sector than many western European countries. It is seen as a good place for entrepreneurs. Russia, which received a low score in this poll, is seen internationally as a place where the state is too prone to intervene in economic life.
But there are some surprises. Labour laws in France are relatively tough, yet in this poll the country was seen as a good place for a new business. Nigeria’s problem with corruption did not stop it doing better than most countries in this survey.
The poll was undertaken for the BBC World Service by the international survey firm Globescan together with the Programme on International Policy Attitudes at the University of Maryland.
Top 10 ‘most entrepreneur-friendly nations’
- Indonesia
- USA
- Canada
- India
- Australia
- Nigeria
- China
- Kenya
- Mexico
- The Philippines
Poll results published by BBC World Service.
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