Thursday, September 27, 2007

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[IWS] World Bank: DOING BUSINESS 2008 (178 ECONOMIES--Comparing Regulations) [26 September 2007]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

World Bank

DOING BUSINESS 2008: Comparing Regulation in 178 Economies [26 September 2007]
http://www.doingbusiness.org/
[see pull-down menu(s) upper right corner]

To get FULL DATA go to
http://www.doingbusiness.org/CustomQuery/

Doing Business 2008 ranks 178 economies on the ease of doing business. The top 25, in order, are Singapore, New Zealand, the United States, Hong Kong (China), Denmark, the United Kingdom, Canada, Ireland, Australia, Iceland, Norway, Japan, Finland, Sweden, Thailand, Switzerland, Estonia, Georgia, Belgium, Germany, the Netherlands, Latvia, Saudi Arabia, Malaysia, and Austria.

The rankings are based on 10 indicators of business regulation that track the time and cost to meet government requirements in business start-up, operation, trade, taxation, and closure. The rankings do not reflect such areas as macroeconomic policy, quality of infrastructure, currency volatility, investor perceptions, or crime rates. Since 2003 Doing Business has inspired or informed more than 113 reforms around the world.


Overview
http://www.doingbusiness.org/documents/DB-2008-overview.pdf
[full-text, 9 pages]

Press Release 26 September 2007
Doing Business 2008: Large Emerging Markets Reforming Fast; Egypt the Top Reformer, Eastern Europe Overtakes East Asia on Ease of Doing Business
http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:21485981~pagePK:64257043~piPK:437376~theSitePK:4607,00.html

WASHINGTON, D.C., September 26, 2007 ­ Thanks to reforms of business regulation, more businesses are starting up, finds < http://www.doingbusiness.org/>Doing Business 2008­the fifth in an annual report series issued by the World Bank and IFC. Countries in Eastern Europe and the former Soviet Union reformed the most in 2006/07­along with a large group of emerging markets, including China and India.

This year Egypt tops the list of reformers that are making it easier to do business. Egypt greatly improved its position in the global rankings on the ease of doing business, with reforms in five of the 10 areas studied by the report. And for the second year running, Singapore tops the aggregate rankings on the ease of doing business.

Besides Egypt, the other top 10 reformers are, in order, Croatia, Ghana, FYR Macedonia, Georgia, Colombia, Saudi Arabia, Kenya, China, and Bulgaria. Another 11 countries­Armenia, Bhutan, Burkina Faso, the Czech Republic, Guatemala, Honduras, Mauritius, Mozambique, Portugal, Tunisia, and Uzbekistan­had three or more reforms. Reformers made it simpler to start a business, strengthened property rights, enhanced investor protections, increased access to credit, eased tax burdens, and expedited trade while reducing costs. In all, 200 reforms­in 98 economies­were introduced between April 2006 and June 2007.

AND MUCH MORE....

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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