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A World Bank Group Flagship Report Doing …

A World bank Group Flagship Report Doing business 2018. Reforming to Create Jobs Comparing business Regulation for Domestic Firms in 190 Economies 2018 International bank for Reconstruction and Development / The World bank 1818 H Street NW, Washington DC 20433. Telephone: 202-473-1000; Internet: Some rights reserved 1 2 3 4 20 19 18 17. This work is a product of the staff of The World bank with external contributions. The findings, interpretations, and con- clusions expressed in this work do not necessarily reflect the views of The World bank , its Board of Executive Directors, or the governments they represent. The World bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World bank concerning the legal status of any territory or the endorsement or acceptance of such Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World bank , all of which are specifically reserved.

A World Bank Group Flagship Report Comparing Business Regulation for Domestic Firms in 190 Economies Doing Business 2018 Reforming to Create Jobs

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Transcription of A World Bank Group Flagship Report Doing …

1 A World bank Group Flagship Report Doing business 2018. Reforming to Create Jobs Comparing business Regulation for Domestic Firms in 190 Economies 2018 International bank for Reconstruction and Development / The World bank 1818 H Street NW, Washington DC 20433. Telephone: 202-473-1000; Internet: Some rights reserved 1 2 3 4 20 19 18 17. This work is a product of the staff of The World bank with external contributions. The findings, interpretations, and con- clusions expressed in this work do not necessarily reflect the views of The World bank , its Board of Executive Directors, or the governments they represent. The World bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World bank concerning the legal status of any territory or the endorsement or acceptance of such Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World bank , all of which are specifically reserved.

2 Rights and Permissions This work is available under the Creative Commons Attribution IGO license (CC BY IGO). Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution Please cite the work as follows: World bank . 2018. Doing business 2018: Reforming to Create Jobs. Washington, DC: World bank . DOI: License: Creative Commons Attribution CC BY IGO. Translations If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World bank and should not be considered an official World bank translation. The World bank shall not be liable for any content or error in this translation. Adaptations If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by The World bank .

3 Views and opinions expressed in the adaptation are the sole responsibility of the author or authors of the adaptation and are not endorsed by The World bank . Third-party content The World bank does not necessarily own each component of the content contained within the work. The World bank therefore does not warrant that the use of any third-party-owned individual component or part contained in the work will not infringe on the rights of those third parties. The risk of claims resulting from such infringe- ment rests solely with you. If you wish to re-use a component of the work, it is your responsibility to determine whether permission is needed for that re-use and to obtain permission from the copyright owner. Examples of components can include, but are not limited to, tables, figures, or images. All queries on rights and licenses should be addressed to the World bank Publications, The World bank Group , 1818 H. Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: ISBN (paper): 978-1-4648-1146-3.

4 ISBN (electronic): 978-1-4648-1147-0. DOI: ISSN: 1729-2638. Cover design: Corporate Visions, Inc. 15 TH EDITION. Doing business 2018. Reforming to Create Jobs COMPARING business REGULATION FOR DOMESTIC FIRMS IN 190 ECONOMIES. A World bank Group Flagship Report Doing business 2018. Resources on the Doing business website Current features Historical data News on the Doing business project Customized data sets since DB2004. Rankings Law library How economies rank from 1 to 190 Online collection of business laws and regulations relating to business Data All the data for 190 economies topic Contributors rankings, indicator values, lists of More than 13,000 specialists in 190. regulatory procedures and details economies who participate in underlying indicators Doing business / Doing - business Reports Access to Doing business reports as well Entrepreneurship data as subnational and regional reports, case Data on new business density (number studies and customized economy and of newly registered companies per 1,000.)

5 Regional profiles working-age people) for 143 economies /exploretopics/entrepreneurship Methodology The methodologies and research papers Distance to frontier underlying Doing business Data benchmarking 190 economies to the frontier in regulatory practice and a distance to frontier calculator Research Abstracts of papers on Doing business /data/distance-to-frontier topics and related policy issues Information on good practices Showing where the many good Doing business reforms practices identified by Doing business Short summaries of DB2018 business have been adopted regulation reforms and lists of reforms since DB2006 /good-practice Doing business 2018. Contents iv Foreword Doing business 2018 is the 15th in a series of annual reports investigating 1 Overview the regulations that enhance business 11 About Doing business activity and those that constrain it. Doing business presents quantitative 22 Reforming the business Environment in 2016/17 indicators on business regulation and the protection of property rights that can be compared across 190.

6 Case studies economies from Afghanistan to Zimbabwe and over time. 39 Starting a business Doing business measures aspects of Transparency of information at business registries regulation affecting 11 areas of the life of a business . Ten of these areas 45 Dealing with Construction Permits are included in this year's ranking on Private sector participation in construction regulation the ease of Doing business : starting a business , dealing with construction 51 Registering Property permits, getting electricity, registering Using information to curb corruption property, getting credit, protecting 56 Resolving Insolvency minority investors, paying taxes, trading The challenges of successfully implementing insolvency reforms across borders, enforcing contracts and resolving insolvency. Doing business also measures features of labor market regulation, which is not included in this 62 References year's ranking. 67 Country Tables Data in Doing business 2018 are current as of June 1, 2017.

7 The indicators are 132 Labor Market Regulation used to analyze economic outcomes 148 Acknowledgments and identify what reforms of business regulation have worked, where and why. This publication is the printed version of Doing business 2018. The full Report (which includes the Data Notes, Distance to Frontier and Ease of Doing business chapter and the Reform Summaries) can be downloaded from the Doing business website at http://. Doing business 2018. Foreword In its 14 years of publication, Doing business Since its inception when Doing business has come a long way. At a recent interna- covered 145 economies the scope of tional forum, I heard the leaders of India the Report has expanded to 190 econo- and the Russian Federation talking about mies worldwide. The regulatory areas how important it is for their countries to measured by the Report have also been improve their Doing business rankings and expanded to include more aspects that create more jobs for young workers.

8 Are relevant to the daily operations of domestic small and medium-size firms. When the first edition was published in For eight of the 11 Doing business indica- September 2003, little data was available tor sets, the Report 's traditional focus on regulation affecting business activity. on efficiency defined as the time, cost Doing business created a new approach and number of interactions necessary to to policy reform one informed by hard incorporate a new business or connect data and focused on domestic compa- a warehouse to the electrical grid has nies. The objectives of Doing business are been complemented with a new focus as clear as they are ambitious: to inform on regulatory quality. Doing business data the design of reforms and motivate these shows that efficiency and quality go hand reforms through country benchmarking. in hand, reinforcing each other. Behind each set of indicators lies rigorous academic analysis, done in coopera- Despite these additions and improve- tion with leading scholars.

9 For example, ments, one aspect of Doing business has the indicators on efficient insolvency remained unchanged: its focus on pro- systems were created with the help of moting regulatory reform that strength- Professor Oliver Hart from Harvard ens the ability of the private sector to University, the 2016 Nobel Prize winner create jobs, lift people out of poverty in In the years since the start and create more opportunities for the of the project, over 3,000 peer-reviewed economy to prosper. The notion that the academic papers and another 7,000 private sector has substantial economic, working papers have been written using social and development impact is now the Doing business data. Their findings universally recognized. Responsible for improve our knowledge of how economic an estimated 90% of employment in policy works. developing economies, the private sector 1. Djankov and others 2008. FOREWORD v is ideally placed to alleviate poverty by Hard data helps do that.

10 It gives a voice providing the opportunities to secure a to the people to demand improved public good and sustainable standard of living. services. It also increases government accountability. Over the past decade, Policy reforms catalyze private invest- more than 60 economies have estab- ment. Promoting a well-functioning pri- lished regulatory reform committees that vate sector is a major undertaking for use the Doing business indicators. As a any government. It requires long-term result, governments have reported more policies of removing administrative than 3,180 regulatory reforms, includ- barriers and strengthening laws that ing about 920 reforms that have been promote entrepreneurship. inspired by Doing business . This is true impact. Kristalina Georgieva Chief Executive Officer The World bank Washington, DC. Doing business 2018. Doing business 2018. Overview This year marks the 15th Doing business Report . Since the inception of the Doing business uses 11 indicator sets to project in 2003, the global business regulatory environment has changed measure aspects of business regulation dramatically.


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