Wed, May 19, 2010 - Page 1 News List

Taiwan should focus on HQs, Wolfowitz says

BUSINESS ENVIRONMENT A new World Bank report says Hong Kong is far more business-friendly than Taiwan in almost every way, but Taiwan is rapidly improving

By William Lowther  /  STAFF REPORTER , WASHINGTON

While Taiwan ranked 46th this year, it ranked 61st last year, a rise of 15 places, he said.

“It can be done,” Wolfowitz said. “Taiwan has a long way to go, but this improvement over the last year makes Taiwan the fifth most improved country in the world. It could be the most improved country in the world in 2011.”

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