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Doing Business 2012 Doing Business in a More Transparent World

Doing Business 2012 Doing Business in a More Transparent World. Augusto Lopez-Claros Director, Global Indicators and Analysis. Geneva Press Club – Geneva, Switzerland November 23, 2011. What does Doing Business measure?. Doing Business indicators:

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Doing Business 2012 Doing Business in a More Transparent World

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  1. Doing Business 2012Doing Business in a More Transparent World Augusto Lopez-Claros Director, Global Indicators and Analysis Geneva Press Club – Geneva, Switzerland November 23, 2011

  2. What does Doing Business measure? • Doing Business indicators: • Focus on regulations relevant to the life cycle of a small to medium-sized domestic business. • Are built on standardized case scenarios. • Are measured for the most populous city in each country. • Are focused on the formal sector. • DO NOT measure all aspects of the business environment such as macroeconomic stability, corruption, level of labor skills, proximity to markets, or of regulation specific to foreign investment or financial markets.

  3. Doing Business indicators – 11 areas of business regulation (9 included in the DB2011 ranking; 10 in DB2012) Entry Property rights Investor protection Access to credit Administrative burden Flexibility in hiring Recovery rate Reallocation of assets

  4. What's new in Doing Business 2012?

  5. Top 30 economies for the ease of doing business in 2010/11

  6. Progress in narrowing the distance to the frontier 2005-11

  7. New metric on ‘distance to the frontier’: tracking economies’ progress over time Narrowing the Distance to the Frontier from 2005 to 2011 (percentage points) …captures the absolute improvement that countries have made over time, and …also provides information on how far countries have been away from the “frontier” – a measure based on the most efficient business regulatory practices observed by the Doing Business Project across countries and over time.

  8. New metric on dispersion: an economy’s performance across different areas of business regulation can vary significantly

  9. Globally, the pace of reforms making business easier remains strong in 2010/11: 245 in 125 economies While in 2005/2006 only 33% of the economies of Sub-Saharan Africa implemented business regulation reforms, in 2010/2011 78% of the economies reformed

  10. Stronger legal institutions and property right protections are associated with more efficient regulatory processes Economies in Sub-Saharan Africa and South Asia are the most likely to have both weaker legal institutions and more complex regulatory processes

  11. Economies worldwide increasingly focused reform efforts on legal institutions and property rights protections Reform increasing efficiency of regulatory processes are those in the areas of starting a business, dealing with construction permits, getting electricity, registering property, paying taxes and trading across borders. Reform strengthening legal institutions are those in the areas of getting credit, protecting investors, enforcing contracts and resolving insolvency.

  12. Reforms making it easier to start a business were once again most common in 2010/11 – and have shown results over time in reduced delays…

  13. …and in lower costs

  14. All regions have reduced the time it takes to transfer property between local firms • Registering property now takes on average nearly as many days in Eastern Europe & Central Asia (33) and Middle East & North Africa (34) as it does in OECD high income economies (33).

  15. Developing economies around the world have reduced delays for exporting and importing through seaport • Middle East & North Africa has experienced the biggest cumulative drop in the time for trading across borders • Sub-Saharan African economies have reformed 52 times in trading across borders, also reducing time, but exporters in the region still face delays over 3 times longer than in OECD high income economies

  16. The complexity and time it takes to get an electricity connection varies significantly among economies Sweden Tajikistan

  17. Easier access to fee schedules and lower fees tend to go hand in hand The rise in e-government initiatives around the world provides an opportunity to increase access to information and transparency.

  18. Paying taxes: High tax rates do not always lead to high tax revenue or good public services

  19. Economies improving the most in the ease of doing business in 2010/11

  20. Among large emerging economies, China has made the greatest strides in closing the gap to the frontier Narrowing the Distance to the Frontier from 2005 to 2011 (percentage points)

  21. Efficient Product Market Regulation in OECD correlate with ease of Doing Business 21

  22. World Economic Forum Competitiveness Index and Doing Business 2011 22

  23. Thank you!For more information: www.doingbusiness.org 23

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