What do Lego and 18th century political economist Adam Smith have in common?

Monday, September 8th, 2008

What do Lego and 18th century political economist Adam Smith have in common?

Both show why Denmark has become the best country in the world for business.

Speaking two decades before The Wealth of Nations was published in 1776, Smith said, “Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.”

If ever there was a system that made following Smith’s recipe look easy, it’s the Danish economy’s mix of low inflation and low unemployment, emphasis on entrepreneurship and lower taxes. These qualities combined with high marks for innovation and technological savvy lift Denmark to the top of our third annual ranking of the Best Countries for Business (formerly the Forbes Capital Hospitality Index).

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