Summary of Doing Business 2016

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Doing Business 2016 summary
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Rating

8

Qualities

  • Innovative

Recommendation

Which countries’ regulatory regimes are the most – and least – conducive to business growth? The 13th edition of the World Bank’s sovereign review provides the answers in a highly detailed qualitative analysis of 189 nations’ regulatory infrastructures. Useful for the sole entrepreneur and the multinational corporation alike, this report delivers a numerical ranking of each nation’s efficiency and quality of regulation compared to its international peer group. The analysis clearly indicates that countries with the most transparent and effective regulations – not those with the least amount of rules – have the most thriving commercial environments. getAbstract recommends that any business owner or executive looking to expand operations should delve into this thorough examination of business regulations around the world.

About the Author

The World Bank provides financial and technical assistance to developing countries.

 

Summary

Broad Findings on Doing Business Worldwide

Across the globe, national governments’ business development regulations differ in their philosophy, design, type and implementation, particularly as they affect small and medium-sized companies. A country’s regulatory apparatus provides a fundamental foundation for its long-term economic growth prospects. The reach, quality and efficiency of an economy’s regulations serve as important barometers of its general health, resilience and capacity.

As firms interact in the marketplace to set up operations, purchase property, enter legal agreements, engage in international trade or construct new facilities, national regulatory conditions affect the ability of companies to fulfill their strategic plans. Regulations have an impact on the speed and cost of doing business.

Assessing business regulations in 189 countries reveals the importance of an efficient, cost-effective regulatory framework in 10 areas of commerce: “starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving...


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