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Is German bureaucracy too bad for business? | DW News
Posted
June 20, 2023
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June 20, 2023
35,399
446
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1.95%
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4:23Now PlayingWhich countries are the most competitive in the world? The Switzerland-based International Institute for Management Development, or IMD, says it has an answer.
And this year, it's Denmark, Ireland and Switzerland. They're among the most digitally advanced nations in the world and, according to IMD, take the top spots thanks to their business policies, infrastructure and education.Germany, on the other hand, has fallen behind to the 22nd place from 15th last year.
The IMD checks 15 key attractiveness indicators. Participants pointed to the stability of German politics, the country's skilled workforce and its legal system.
But Europe's largest economy falls behind with a tax system that participants see as too bureaucratic. The current government scores low for competence, and the general cost of business is higher.
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