IMF – Doing Business 2014

by Sabrina I. Pacifici on October 29, 2013

Doing Business 2014 - Understanding Regulations for Small and Medium-Size Enterprises, October 29, 2013.  Main Findings:

  • UkraineRwanda, the Russian Federation, the PhilippinesKosovoDjiboutiCôte d’IvoireBurundi, the former Yugoslav Republic of Macedonia, and Guatemala are among the economies improving the most in 2012/13 in areas tracked by Doing Business.
  • Worldwide, 114 economies implemented 238 regulatory reforms in 2012/13 making it easier to do business as measured by Doing Business – 18% more reforms than in the previous year. Read about reforms.
  • Sub-Saharan Africa is home to 9 of the 20 economies narrowing the gap with the regulatory frontier the most since 2009. Low-income economies narrowed this gap twice as much as high-income economies did.
  • Singapore topped the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulatory environments are Hong Kong SAR, ChinaNew Zealand; the United StatesDenmarkMalaysia; the Republic of KoreaGeorgiaNorway; and the United Kingdom.
  • Doing Business collected data for the first time this year in four economies: LibyaMyanmarSan Marino, and South Sudan.
  • Case studies highlighting good practices in 6 of the areas measured by Doing Business indicator sets are featured in the report: the role of minimum capital requirements in starting a business; risk-based inspections in dealing with construction permits; the cost structure in getting electricity; single window systems in trading across borders; e-filing and e-payment in paying taxes; and e-courts in enforcing contracts. See all case studies.
  • This year’s report presents a separate chapter about research on the effects of business regulations. There is a rapidly growing body of empirical research examining the impact of improvements in many of the regulatory areas tracked by the Doing Business indicators, and this chapter provides a useful—and encouraging—synthesis. Read research papers.”

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