Hong Kong has second best bureaucracy in Asia
Guess who topped the ranking and beat Hong Kong?
The city’s bureaucracy is the second best or most efficient in Asia, according to a report by the Political & Economic Risk Consultancy Ltd (PERC).
Hong Kong was rated 3.53 on a scale of 10, with 10 being the worst.
Singapore, the leader, was rated 2.25. Thailand with a rating of 5.25 took third. India was last on the list of 12 countries.
The rankings from best to worst:
- Singapore (2.25)
- Hong Kong (3.53)
- Thailand (5.25)
- Taiwan (5.57)
- Japan (5.77)
- South Korea (5.87)
- Malaysia (5.89)
- China (7.11)
- Philippines (7.57)
- Indonesia (8.37)
- Vietnam (8.54)
- India (9.21)
PERC is a consulting firm specializing in strategic business information and analysis for companies doing business in East and Southeast Asian countries. Based in Hong Kong, PERC produces a range of risk reports on the countries of Asia, paying special attention to critical socio-political variables like corruption, intellectual property rights risks, labor quality and weakness of individual Asian countries.
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