The United Kingdom topped the 2005 Milken Institute Capital Access Index for having the best market for entrepreneurs. It is the first time that the UK has topped the index, which began in 1998.
| Best Market for Entrepreneurs
1. United Kingdom (3)
2. Hong Kong (1)
3. Singapore (2)
4. United States (6)
5. Sweden (4)
6. Denmark (9)
7. Australia (7)
8. Norway (13)
9. Finland (5)
10. (tie) Canada (10)
(tie) Ireland (11)
SOURCE: 2005 Milken Institute Capital Access Index
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Hong Kong, last year’s No. 1, dropped to No. 2 this year, followed by Singapore, the United States and Sweden.
The Capital Access Index is a comprehensive analysis of the breadth, depth and vitality of capital markets around the world. It is based on the simple premise, but complex measurements, showing that efficient financial markets — making capital accessible to entrepreneurs who can use it to grow and sustain companies and generate jobs — are the key to long-term growth and reducing poverty and income polarization.
This year’s index covered 121 countries, representing 92 percent of the global gross domestic product. Countries were ranked on more than 50 measurements, from the strength of their banking systems to general economic conditions.
The full report is available online at www.milkeninstitute.org.
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