I think everything flows from the market. If a country wants business, they need to lower taxes, reduce administration and deregulate.
Then businesses will be attracted and people will start their own.
The opposite way, high taxes, high administration and regulation, damages business.
This pattern has been repeated since oktober 1917 and ever after.
For a short and crisp overview of the power of freedom and markets have a look at Johan Norbergs "The Capitalist Manifesto".