Worldwide Tentmakers
Tentmaker Reports
Worldwide Tentmakers Free Reports

United States Report

Entrepreneurial Missions Index

39.45

General Information

Population

309,050,816 (3rd most populous country in the world)

Religions

Languages

Protestant
Catholic
Mormon
Other Christian
Jewish
Buddhist
Muslim
Other
Unaffiliated
None
51.3%
34.9%
1.7%
1.6%
1.7%
0.7%
0.6%
2.5%
12.1%
4%
English
Spanish
Other Indo-Euro
Asian & Pacific Isl.
Other
82.1%
10.7%
3.8%
2.7%
0.7%

Industries

Petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about United States, visit https://www.cia.gov/library/publications/the-world-factbook/geos/us.html.

Business Information

The World Bank ranks United States as 0 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in United States.

In order to start a business in United States, one must follow these procedures:

  1. Reserve the company’s business name (optional), file the company’s articles of organization and adopt the company’s operating agreement
  2. Apply for the federal identification number (EIN) for tax and employer purposes
  3. Register to collect state sales tax
  4. Register as an employer with the Unemployment Insurance Division of the state Department of Labor
  5. Arrange for workers’ compensation insurance and disability insurance
  6. Arrange for publication and submit certificate and affidavits of publication

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in United States, visit http://www.doingbusiness.org/.

 

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.

 

United States Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   

1A General government consumption spending as a percentage of total consumption 6.3
Area 1-A Data 18.6
1B Transfers and subsidies as a percentage of GDP 6.4
Area 1-B Data 13.8
1C Government enterprises and investment 8
Area 1-C Data 19.1
1Di Top marginal income tax rate 8
Area 1-Di Data 35-41
1Dii Top marginal income and payroll tax rates 8
Area 1-Dii Data 37-43
1D Top marginal tax rate 8
1 Size of Government: Expenditures, Taxes, and Enterprises 7.2
2A Judicial independence (GCR) 7.5
2B Impartial courts (GCR) 6.5
2C Protection of property rights (GCR) 8
2D Military interference in rule of law and the political process (CRG) 6.7
2E Integrity of the legal system (CRG) 7.5
2F Legal enforcement of contracts (DB) 7.6
2G Regulatory restrictions on the sale of real property (DB) 9.6
2 Legal Structure and Security of Property Rights 7.6
3A Money growth 9.7
Area 3-A Data 1.6
3B Standard deviation of inflation 9.8
Area 3-B Data 0.41
3C Inflation: Most recent year 9.4
Area 3-C Data 2.85
3D Freedom to own foreign currency bank accounts 10
3 Access to Sound Money 9.7
4Ai Revenues from trade taxes (% of trade sector) 9.5
Area 4-A(i) Data 0.7
4Aii Mean tariff rate 9.3
Area 4-A(ii) Data 3.5
4Aiii Standard deviation of tariff rates 6.3
Area 4-A(iii) Data 9.3
4A Taxes on international trade 8.4
4Bi Non-tariff trade barriers (GCR) 7.1
4Bii Compliance cost of importing and exporting (DB) 9.3
4B Regulatory Trade Barriers 8.2
4C Size of the trade sector relative to expected 4.8
4D Black-market exchange rates 10
4Ei Foreign ownership/investment restrictions (GCR) 7.4
4Eii Capital Controls 6.2
4E International Capital Market Controls 6.8
4 Freedom to Trade Internationally 7.6
5Ai Ownership of banks 10
5Aii Foreign bank competition 8
5Aiii Private sector credit 9.4
5Aiv Interest rate controls/negative real interest rates 10
5A Credit Market Regulations 9.3
5Bi Minimum wage (DB) 7.2
5Bii Hiring and firing regulations (GCR) 7.3
5Biii Centralized collective bargaining (GCR) 8.2
5Biv Mandated cost of hiring (DB) 7.6
5Bv Mandated cost of worker dismissal (DB) 10
5Bvi Conscription 10
5B Labor Market Regulations 8.4
5Ci Price controls 6
5Cii Administrative requirements (GCR) 4.1
5Ciii Bureaucracy costs (GCR) 2.1
5Civ Starting a business (DB) 9.8
5Cv Extra payments/bribes (GCR) 7.2
5Cvi Licensing restrictions (DB) 10
5Cvii Cost of tax compliance (DB) 7.9
5C Business Regulations 6.7
5 Regulation of Credit, Labor, and Business 8.1
SUMMARY INDEX 8.06
Rank c 6
 

United States Summary

New Orleans, Louisiana (CNN) -- Chemical dispersants keep flowing into the Gulf of Mexico at virtually unchanged levels despite the Environmental Protection Agency's order to BP to "significantly" scale back, according to a CNN analysis of daily dispersant reports provided by the Deepwater Horizon Unified Command.

When the May 26 directive was issued, EPA Administrator Lisa Jackson said dispersant use should be cut by 75 percent.

Public statements at the time made by the EPA administrator gave the impression that federal officials were trying to cut down overall dispersant use.

"We expect to see a substantial reduction in the overall amount of dispersant used," Jackson said in May.

Before May 26, BP used 25,689 gallons a day of the chemical dispersant Corexit. Since then, CNN's analysis shows, the daily average of dispersant use has dropped to 23,250 gallons a day, a 9 percent decline.

Gulf Coast environmentalists say it's another sign that the federal agencies monitoring dispersant use are not being tough enough with BP.

"I think the EPA has been struggling to respond to this crisis," said Aaron Viles with the Gulf Restoration Network. "It's all really a giant science experiment and we're terribly concerned that in the long run the impacts are going to be significant and we really don't know what we're doing to the ecosystem."

But the EPA argues it deserves credit for getting alarming dispersant use under control. The directive states that BP must ramp down dispersant use by "75 percent from the maximum daily amount used."

And that's the catch. The highest recorded amount of dispersant used occurred on May 23, when 70,000 gallons were injected into the Gulf of Mexico. EPA officials say they feared that number would have become the norm and that's why, they say, the directive was issued.

"This escalation was quickly reversed, ensuring BP only uses the lowest volume of dispersant needed," said Adora Andy, a spokeswoman for the EPA.

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project