The World Bank has just published Doing Business 2014: “Understanding Regulations for Small and Medium-Size Enterprises.” The report assesses regulations affecting domestic firms in 189 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year’s report data cover regulations measured from June 2012 through May 2013. The report is the 11th edition of the Doing Business series.
Here’s a summary of the report’s main findings:
-Ukraine, Rwanda, the Russian Federation, the Philippines, Kosovo, Djibouti, Côte d’Ivoire, Burundi, 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.
-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, China; New Zealand; the United States; Denmark; Malaysia; the Republic of Korea; Georgia; Norway; and the United Kingdom.
-Doing Business collected data for the first time this year in four economies: Libya, Myanmar, San 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.
-This year’s report presents a separate chapter about research on the effects of business regulations.
Download the report here.