Creating a “Goldilocks” Business Climate
To address the problems associated with its “Doing Business” rankings, the World Bank Group has developed a new analytical framework to assess an economy’s “business readiness.” While factors like the regulatory burden on enterprises still matter, so do the quality of regulations and public services.
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WASHINGTON, DC – Whenever the odds seem stacked against human progress – when economic growth looks set to remain feeble, when too many countries appear destined to grow old before they become rich, when climate change seems out of control – it is worth remembering the distinctive virtue of our species. Human ingenuity is the reason why predictions of global doom, which have proliferated throughout our history, have never materialized.