World Bank and International Finance Corporation publish Doing Business 2013
The World Bank and International Finance Corporation (IFC) have published their latest survey of Doing Business 2013 which covers 185 economies worldwide. You can find the full report here.
The main findings that are highlighted in the report are as follows:
_ “Worldwide, 108 economies implemented 201 regulatory reforms in 2011/12 making it easier to do business as measured by Doing Business.
_ Poland improved the most in the ease of doing business, through 4 reforms—making it easier to register property, pay taxes, enforce contracts and resolve insolvency as measured by Doing Business.
_ Eastern Europe and Central Asia once again had the largest share of economies implementing regulatory reforms—88% of its economies reformed in at least one of the areas measured by Doing Business.
_ European economies in fiscal distress are working to improve the business climate, and this is beginning to be reflected in the indicators tracked by Doing Business. Greece is one of the 10 most improved globally in 2011/12.
_ Reform efforts globally have focused on making it easier to start a new business, increasing the efficiency of tax administration and facilitating trade across international borders. Of the 201 regulatory reforms recorded in the past year, 44% focused on these 3 policy areas alone.”
The report describes its work as follows:
“Doing Business 2013 is the 10th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 185 economies—from Afghanistan to Zimbabwe—and over time.
Regulations affecting 11 areas of the life of a business are covered: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and employing workers. The employing workers data are not included in this year’s ranking on the ease of doing business.
Data in Doing Business 2013 are current as of June 1, 2012. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where and why.”