Nadjmat

Episode 81: Where to Start a Business Overseas?


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Whether you’re trying to gain access to international markets, have a product or service that is more appealing to a foreign market than domestic customers or simply want to take advantage of a new business-friendly environment, there are many reasons for starting a business overseas.

Go where you can easily make money! Capitalist countries are always going to be the best!

Capitalism is an economic system where private entities own the factors of production. The four factors are entrepreneurship, capital goods, natural resources, and labor.

Monetarist economist, Milton Friedman, suggested that democracy can exist only in a capitalistic society.

The United States is mostly capitalist and the U.S. Constitution protects the free market however, it doesn't rank among the 10 countries with the freest markets, according to the Index of Economic Freedom: https://www.heritage.org/index/ranking

Here are the top 10 most capitalist countries:

  1. Hong Kong
  2. Singapore
  3. New Zealand
  4. Switzerland
  5. Australia
  6. Ireland
  7. United Kingdom
  8. Canada
  9. United Arab Emirates
  10. Taiwan
  11. ---
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