According to reports, the World Bank has released the WorldWay environment report, with Singapore, New Zealand, and Hong Kong ranked as the top three economies for ease of doing business globally.
The International Finance Corporation (IFC), a member of the World Bank Group, issued the 2010 WorldWay environment report. Among 183 economies, the top 10 for WorldWay environment are: Singapore, New Zealand, Hong Kong, the United States, the United Kingdom, Denmark, Ireland, Canada, Australia, and Norway.
Singapore has maintained the No. 1 position for four consecutive years. The report notes that Singapore utilizes online services to reduce the time required for business applications. The top 10 rankings are largely similar to those of last year, with the exception of the United Kingdom and Denmark, which have swapped positions.
Japan and South Korea are ranked 15th and 19th respectively. Taiwan's ranking improved by 15 places to 46th, though it remains at the bottom among the Four Asian Tigers. Mainland China is ranked 89th.
