Why do some countries thrive as entrepreneurial hotspots while others don’t? Making it easier to do business certainly helps get the ball rolling. So say the results of the 2018 World Bank annual report on the impact of regulation on commercial activity across 190 countries. For instance, one way for a nation to make itself business-friendly is to create simple rules that enable start-ups to open readily. getAbstract recommends this comprehensive study to policy experts for its usefulness in identifying what works, what doesn’t and why, and to executives and entrepreneurs looking to expand their businesses to other nations.
In this summary, you will learn
- Which countries are in the top and bottom rankings for business-friendly climates;
- How regulatory reform, including transparency improvements, is progressing worldwide; and
- How changes to insolvency procedures are increasing business formation and reducing nonperforming loans.
About the Author
The World Bank provides financial and technical assistance to developing countries.