Rwanda, Russian Federation, and Philippines are among the most improved in the annual survey of economies. The gap between the best and worst performers in the survey is narrowing as countries foster entrepreneurship and trade.
The World Bank report showed that Taiwan made an improvement in its business environment over the past year, witnessing its total score in the world rankings rise to The annual Doing Business report considers 10 areas to derive an overall score for each country in the rankings.
The 10 areas are starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
In the global rankings, Singapore retained the top position. The report -- "Doing Business Measuring Regulatory Quality and Efficiency" -- now in its 13th year, covered economies in the world. In the latest Doing Business report, Taiwan took second place in the world in the getting electricity category, its highest position among the 10 sub-factors in the report, unchanged from a year earlier.
The World Bank even highlighted Taiwan's getting electricity efforts in the report, saying that the country has simplified the procedure for obtaining excavation permits from authorities, which has reduced the time required for getting an electricity connection.
Among the 10 areas focused in the World Bank report, Taiwan made the most significant improvement in the enforcing contracts category, taking the 16th position in the latest report, jumping from the 93rd spot seen a year earlier. In the construction permits category, Taiwan was ranked sixth in the latest report, up from 11th a year earlier; in the registering property category, the country took 18th place, improving from 40th a year earlier; in the protecting minority investors category, it rose to 25th place from 30th recorded a year ago.
However, Taiwan witnessed its ranking in the trading across borders category fall to 65th spot in the latest report from 32nd a year earlier, while its position in the starting a business category dropped to 22nd place from 15th, the report showed.Nov 02, · Read more Current Affairs on: world bank, ease of doing business, current affairs in hindi, jagran josh hindi, India, विश्व बैंक, व्यापार करने में.
India, the World Bank report said had implemented 8 out of 10 doing business indicators and was the only large country this year to have achieved such a significant shift. Overview. Doing Business Understanding Regulations for Small and Medium-Size Enterprises assesses regulations affecting domestic firms in 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 . The World Bank Group's Doing Business report highlights the complications the private sector faces across countries by summarizing government regulations on business into comparable indicators.
The issues identified by the annual report have prompted major reforms on property rights, contract enforcement, and other business procedures around the world. Nigeria’s ranking in the latest ease of doing business report by the World Bank for improved marginally from to out of the countries surveyed.
The World Bank’s Ease of Doing Business Report for has placed Nigeria in the th position. This is 24 positions better than the th position the nation was ranked in the report.