Hong Kong Recaptures Top Spot in Milken Institute Capital Access Index; Canada Surges to Top Five.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- If access to capital is the key to a thriving business sector, then the strongest region in the world is Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , the leader on the 2006 Milken Institute Capital Access Index. Hong Kong, first on the 2004 index, moved back to the No. 1 slot from second last year. The United Kingdom, ranking first in 2005, slipped to third, while the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. dropped from fourth to fifth because of an increase in the lending rate. The big story is Canada, which rose from 10th place in 2005 to fourth on the latest index, and shows the most improvement in scores for alternative sources of capital and access to international capital. The top 10 markets (with 2005 ranking): 1. Hong Kong (2) 2. Singapore (3) 3. United Kingdom (1) 4. Canada (10) 5. United States (4) 6. Australia (7) 7. Switzerland (12) 8. Netherlands (13) 9. Ireland (10) 10. Sweden (5) "Remaining competitive requires open, efficient capital markets, well-functioning financial institutions, and few impediments IMPEDIMENTS, contracts. Legal objections to the making of a contract. Impediments which relate to the person are those of minority, want of reason, coverture, and the like; they are sometimes called disabilities. Vide Incapacity. 2. to trading of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. ," said Glenn Yago, Director of Capital Studies. First developed in 1998, the Milken Institute Capital Access Index ranks countries in terms of the financial infrastructures that support entrepreneurial activity by providing access to capital. The Milken Institute also releases an annual report on one aspect of entrepreneurial finance. This year, Hedge Funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and Global Financial Markets examines a data set assembled by HedgeFund.net. The analysis shows that management fees and performance incentives are positively associated with the likelihood of a fund being alive. Also, funds domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. outside the United States and funds with assets invested outside the United States are associated with higher survival probability, even after controlling for different fund strategies. The 2006 Capital Access Index and Hedge Funds and Global Financial Markets are available on the Milken Institute web site, www.milkeninstitute.org. |
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