Euromoney publishes a semi-annual “Credit Risk Rating” of 185 sovereign countries.
In their latest publication, from March 2010, eight of the top 10 are “European socialist welfare states,” as they are commonly referred to as.
Rounding out the top 10 are: Norway, Luxembourg, Switzerland, Denmark, Finland, Sweden, Austria, Canada, the Netherlands, and Australia.
Hong Kong and Singapore didn’t make the cut, despite being seen as among the most economically free countries, as one 2010 report ranked them.
Canada continues to buck old perceptions of being less economically free and successful than the U.S., by being ranked more economically free by the conservative Heritage Foundation’s 2010 Index of Economic Freedom, and more tax competitive for business, by Big Four accounting firm KPMG in their 2010 report.