Blog Note: It is getting to be a broken track record, with other members of ASEAN countries rocking up the rankings that are related to business and economics and for Thailand to be heading in the other direction. The latest from Doing Business Globally, is just another indicator that Thailand is having a great deal of management problems. But what does the elite rule of Thailand cares, the many and many poor ranking is clouded over by a strong economy and a good stock market. And the mainstream Thai press is playing it up, pointing to the stock market and the economic growth as proof that the Thai government is effective. Only a selected few are mentioning that the good performances is ASEAN region wide that has little to do with the government. The bottom-line is all the many rankings off course-that shows Thailand is falling behind like massively.
- The following is from Doing Business Globally
Among the world’s economies, Kazakhstan improved business regulation the most in the past year, according to Doing Business 2011: Making a Difference for Entrepreneurs, the eighth in a series of annual reports published by IFC and the World Bank.
Kazakhstan improved conditions for starting a business, obtaining construction permits, protecting investors, and trading across borders. As a result, it moved up 15 places in the rankings on the ease of doing business—to 59 among 183 economies. Two other regional economies, Tajikistan and Hungary, were also among the 10 most-improved economies, climbing 10 places and six places respectively.
This year’s list of the 10 most-improved economies also includes three in Sub-Saharan Africa—Rwanda (a consistent reformer of business regulation), Cape Verde, and Zambia—as well as Peru, Vietnam, Grenada, and Brunei Darussalam.
Globally, doing business remains easiest in the high-income economies of the Organisation for Economic Co-Operation and Development and most difficult in Sub-Saharan Africa and South Asia. But developing economies are increasingly active. In the past year, 66 percent reformed business regulation, up from 34 percent six years earlier.
In the past five years, about 85 percent of the world’s economies have made it easier for local entrepreneurs to operate, through 1,511 improvements to business regulation. Doing Business 2011 pioneers a new measure showing how much business regulation has changed in 174 economies since 2005. China and India are among the top 40 most-improved economies. Among the top 30 most-improved economies, a third are from Sub-Saharan Africa.
Worldwide, more than half the regulatory changes recorded in the past year eased business start-up, trade, and the payment of taxes. Many of the improvements involve new technologies. “New technology underpins regulatory best practice around the world,” said Janamitra Devan, Vice President for Financial and Private Sector Development for the World Bank Group. “Technology makes compliance easier, less costly, and more transparent.”
For the fifth year running, Singapore leads in the ease of doing business, followed by Hong Kong SAR China, New Zealand, the United Kingdom, and the United States. Among the top 25 economies, 18 made things even easier over the past year.
“Governments worldwide have been consistently taking steps to empower local entrepreneurs,” said Neil Gregory, Acting Director, Global Indicators and Analysis, World Bank Group. “The economies most affected by the financial crisis—especially in Eastern Europe—have been targeting regulatory reforms over the past year to make it easier for small and medium-size enterprises to recover and to create jobs.”
- In what country is it most easy to do business? [Lucas Wyrsch] (ecademy.com)
- Governments Clearing the Way for Small Business Creation, Report Says (nytimes.com)
- You: Three World Bank Group Vice Presidents Visiting (menafn.com)
- India making it easier to do business: World Bank (topinews.com)
- New World Bank Survey: New Business Creation Dropped Amid Global Financial Crisis (kauffman.org)
- Singapore ‘best for businesses’ (bbc.co.uk)
- Remittances to sub-Saharan Africa exceed US$21 billion (vanguardngr.com)
- Cambridge University Press Donates 100,000 Books to Schools in sub-Saharan Africa (prweb.com)
- International Data on Entrepreneurship (kauffman.org)
- Doing Business and Upcoming Conference with the World Bank (kauffman.org)