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Doing business 2012 - World Bank

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Title
Doing business 2012 - doing business in a more transparent world : comparing regulation for domestic firms in 183 economies
Author
World Bank
format
Paperback / softback
Publisher
The World Bank
Language
English
UK Publication Date
20111030

Ninth in a series of annual reports comparing business regulations in 183 economies, Doing Business 2012 measures regulations affecting 11 areas of everyday business activity:

  • starting a business
  • dealing with construction permits
  • employing workers
  • registering property
  • getting credit
  • protecting investors
  • paying taxes
  • trading across borders
  • enforcing contracts
  • closing a business
  • getting electricity
The report updates all indicators as of June 1, 2011, ranks countries on their overall 'ease of doing business', and analyzes reforms to business regulation--identifying which countries are strengthening their business environment the most.

Doing Business 2012 includes a new set of indicators on the time, steps, and cost for a private business to get an electricity connection. The data on connection services can inform utilities, regulators and governments seeking to strengthen the performance of the electricity sector.

Drawing on a now longer time series, this year's report introduces a measure to illustrate how the regulatory environment for business has changed in each economy since Doing Business 2006 was published in 2005. A new 'distance to frontier' measure complements the aggregate ranking on the ease of doing business, which benchmarks each economy's current performance on the indicators against that of all other economies in the sample for a given year.

A fundamental premise of Doing Business is that economic activity requires good rules that are transparent and accessible to all. Such regulations should be efficient, striking a balance between safeguarding some important aspects of the business environment and avoiding distortions that impose unreasonable costs on businesses. Where business regulation is burdensome and competition limited, success depends more on whom you know than on what you can do. But where regulations are relatively easy to comply with and accessible to all who need to use them, anyone with talent and a good idea should be able to start and grow a business in the formal sector.

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The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.

Type
BOOK
Keyword Index
Commerce.|Business - Costs - Statistics.|Costs, Industrial - Statistics.|Economic indicators.|Business law.|Comparative economics.
Country of Publication
District of Columbia
Number of Pages
200

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