October 14, 2005
Taiwan rates as the third lowest economic and commercial risk in Asia, according to a global risk report released by the Economist Intelligence Unit in mid September. Although the top two rankings for low risk in Asia go to Singapore and Hongkong respectively, Taiwan still rates as one of the safest countries in Asia in which to do business.
Japan and Malaysia were reported to be the fourth and fifth least risky nations in Asia.
On the other hand, the EIU report said the five countries with the highest levels of risk in Asia are, from high risk to low, Pakistan, Indonesia, Vietnam, the Philippines and India. Of the thirteen Asian economies the EIU evaluated, the People's Republic of China ranked seventh.
Overall, Asia rates a business risk score of 42 points out of 100, with 100 indicating the highest level of risk. The average global score was 44 points.
The EIU uses its RiskWire model to evaluate a nation or economy's overall business operating risk based on ten assessment categories: security, political stability, government effectiveness, legal and regulatory, macroeconomic, foreign trade and payments, financial, tax policy, infrastructure and labor market.
(United Daily News)
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