Doing Business 2007 HOW TO REFORM. Overview Top reformers. –Africa is reforming; –China & Eastern Europe at top reformers; –Singapore. What gets measured.

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Presentation transcript:

Doing Business 2007 HOW TO REFORM

Overview Top reformers. –Africa is reforming; –China & Eastern Europe at top reformers; –Singapore. What gets measured gets done; Make it easier for businesses.

How to Reform? Start simple and consider administrative reforms that don’t need legislative changes; Cut unnecessary procedures, and reduce the number of bureaucrats entrepreneurs have to interact with; Introduce standard application forms and publish as much regulatory information as possible. Use new technologies.

Analysis Starting a Business Dealing with Licenses Employing Workers Registering Property Protecting Investors Paying Taxes Trading across Borders Enforcing Contracts Getting Credit Closing a Business

Starting a Business Single access points – a popular reform Top reformers: Portugal, Japan, Madagascar Top: Canada, Australia, New Zealand, US Last: Guinea-Bissau

Dealing with Licenses Reducing licenses – a popular reform Top reformers: Canada, France, Spain Top: St Vincent and the Grenadines, Japan, Thailand, Belize Last: East Timor

Employing Workers Easier dismissal rules – a popular reform Top reformers: Georgia, FYR Macedonia, Romania Top: US, Singapore, Tonga, Maldives Last: São Tomé e Principe.

Registering Property Lower cost of register – a popular reform Top reformers: Nigeria, El Salvador, Germany Top:New Zealand, Armenia, Lithuania, Saudi Arabia Last: East-Timor

Getting Credit Expanding credit information – a popular reform Top reformers:France, Bulgaria, Georgia, Nicaragua Top: UK, Hong-Kong, Australia, Germany Last: Cambodia

Protecting Investors Greater disclosure – the most popular reform Top reformers: Mexico, China, Poland Top: New Zealand, Singapore, HK, Malaysia Last: Afghanistan

Paying Taxes Reducing tax rates – the most popular reform Top reformers: Albania, Egypt, Mexico and Morocco Top: Maldives, Ireland, Oman, UAE Last: Belarus

Trading across Borders Risk-based inspections – a popular reform Top reformers: Serrbia, Albania, Croatia and Hungary Top: HK, Finland, Denmark, Singapore Last: Rwanda

Enforcing Contracts Specialized courts – a popular reform Top reformers: Croatia, Estonia, FYR Macedonia Top: Denmark, Sweden, Norway, Lithuania Last: East Timor

Closing a Business Greater creditors’ power – a popular reform Top reformers: France, Chile, Romania Top: Japan, Singapore, Norway, Taiwan Last: Lao PDR