Blog by Nate Archives: No State Left Behind (Nov 23, 2012)

[I am migrating my old blog into a new blog with the same time.  Seems dumb.  So is this post from 2012.  Enjoy.]

No State Left Behind: World Bank “Doing Business” Report

With the proliferation of surveys of competitivenss and easy of doing business, numerous countries have made substantial reforms to imporvie their business climate.

The World Bank Doing Business Report is out, complete with country rankings on the ease of doing business.

One concern with these rankings is that country’s can try to game the numbers, similar to Law Schools manipulating statistics to improve their US News Rankings.

Here is a direct quote from the summary of the report.

Rwanda is among the 30 plus economies that have created special units to focus on indicators monitored byDoing Business, such as the average time it takes to start a business, transfer property, build a warehouse, or get connected to electricity. Some 17 countries in Africa are among the most improved over the last eight years.

Are these economic reforms going to be on the midterm?