Doing Business 2014: global rankingsDate posted: 05.12.2013 | Author: Harry Bovensmann
World Bank‘s Doing Business Report 2014: Understanding Regulations for Small and Medium-Size Enterprises 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.
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. 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.
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. On the ease of doing business South Africa ranks 41st.
Singapore topped the global ranking on the ease of 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.
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. For the first time data has been collected this year in four economies: Libya, Myanmar, San Marino, and South Sudan.