Australia remains one of the easiest nations for entrepreneurs to gain access to capital, winning ninth place on an annual index of 122 countries, according to Los Angeles-based independent economic think tank the Milken Institute. But it’s not all good news. The picture drawn in the MiIken Institute’s report is in fact a damning and very concerning one. In the one area that is most controlled by Government, our macroeconomic sector, we came a miserable 46th, beaten by, amongst others, Papua New Guinea, Malaysia, the UK, Estonia, Chile, Panama and Macedonia. So what we have, in effect, is an SME sector that is propped up almost entirely by a reliance on private sector institutional goodwill, rather than by good public fiscal policy – a risky situation for SMEs to say the least. It’s telling that Milken’s found Canada, with its stable equity market and a sound economic policy framework, the number one nation. Read the full story here: Australia 9th best place for entrepreneurs
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