Denmark Best Country Business

DIS Faculty Discuss Denmark’s Business Environment in Courses

The World Bank ranked Denmark as the third best country in the world for the ease of doing business in their Doing Business 2016 report.

DIS DIS Copenhagen Semester

DIS faculty in the DIS Copenhagen International Business program have used this ranking to spark discussion on Denmark’s business environment, and how it differentiates itself from other environments.

DIS International Business Faculty member Niels Hald says his class looks closely at the business environment in Denmark and compares it with the environment in the EU and the U.S.. When asked how he frames this ranking in class, and the discussion that comes with it, Niels said:

“Denmark is ranking high for many reason, but one of the most important reasons is that we have the ‘Scandinavian model.’ This implies that Denmark has a big public sector (‘big government’) which is efficient, not corrupt, and very supportive of business. The welfare states provide children gardens, its residents unemployment benefits, as well as free health care, free education, among other things that also, in the end, support business. At the same time we have ‘flexicurity,’ which gives a flexible labor-market– where it is easy to hire and fire — while people at the same time are supported by unemployment benefits, education, etc., offered by the state.

The other side of the coin, is that the Danish system leads to extreme high taxes both on income, companies, and goods and services. This has several negative effects for the business environment, productivity, etc.”

Students in the International Business program are often able to pull current events and reports into their analysis of business environments. This ranking allowed students to examine the positives of Denmark’s business system, but still perceive it with a critical eye.

Read more about Denmark’s rank in this full report here.

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