Summary of Doing Business 2017

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8 Innovation

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Recommendation

The 14th edition of the World Bank’s annual flagship report, Doing Business 2017, presents measures of regulatory governance for 190 national economies. It assesses 11 categories important to business, including starting and operating a successful enterprise, as well as providing analyses of labor rules and government procurement processes. As found in previous editions of this study, nations that adopt transparent, equal-access, streamlined and pro-growth regulatory policies boost their business output, while countries that impose Byzantine rules undermine economic development. getAbstract recommends this useful work to policy makers and entrepreneurs interested in an authoritative source of information about business regulatory environments around the world.

In this summary, you will learn

  • What the regulatory landscape looks like for businesses across the globe,
  • How different countries approach regulatory reform and
  • What best practices sovereigns can adopt to create a sound regulatory architecture.
 

About the Author

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

 

Summary

Research Reveals

To report on the financial forces at work in 190 national economies across the globe, the World Bank examined regulations that aid or impede small- to medium-sized business start-ups and operations in large metropolitan areas. The resulting standardized measures allow you to make cross-country comparisons of business climates in specific fields such as business formation, construction permits, electricity availability and reliability, property records, access to credit, investor rights, taxation, cross-border trade, contract remediation and insolvency dispositions. The study also assesses aspects of labor market rules and government procurement processes. The analyses now incorporate a factor for assessing gender disparities in “starting a business, registering property and enforcing contracts.” Data indicate that female labor and business participation are critical elements in a nation’s economic progress and development. Yet, despite the fact that women represent approximately 50% of the global population, 16 countries still restrict women’s property rights and in 23 countries women face higher hurdles than men when they try to start a&#...


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