Summary of Doing Business 2018

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Doing Business 2018 summary
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Rating

7 Overall

8 Applicability

7 Innovation

7 Style


Recommendation

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. 

 

Summary

Doing Business Worldwide

Governments are aware that efficient business regulations yield economic and political benefits. That’s why 119 of the 190 nations surveyed by the World Bank implemented at least one commercial reform in 2017. But ease of doing business varies considerably among countries. For instance, an entrepreneur faces far fewer hurdles in starting a business in Canada than in the Philippines.


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