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 The Islamic Chamber of Commerce , Industry and Agriculture (ICCIA)

Doing Business 2018 Reforming to Create Jobs

Source : The World Bank

Category : Investment

Publish Date : November 1, 2017

ABOUT PUBLICATION

This year marks the 15th Doing Business report. Since the inception of the project in 2003, the global business regulatory environment has changed dramatically. Governments around the world have embraced and nurtured
advances in information technology to reduce bureaucratic hurdles and increase transparency. Today, in 65 of the 190 economies covered by Doing Business, entrepreneurs can complete at least one business incorporation procedure online, compared with only nine of the 145 economies measured in Doing Business 2004. Furthermore, in 31 economies it is now possible to initiate a commercial dispute online. This kind of progress can also be observed in the other areas measured by Doing Business.

Doing Business measures aspects of business regulation and their implications for firm establishment and operations. It does not include all the issues that are relevant for businesses’ decisions, but it does cover important areas that are under the control of policy makers. Governments worldwide recognize the economic and political benefits of improved business regulation. In fact, 119 of the 190 economies measured by Doing Business 2018 enacted at least one business regulation reform in 2016/17. Of these, 79.8% implemented at least one reform for a second consecutive year and 64.7% for a third.

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