Ease of Doing Business Index
3 Pages Posted: 23 Apr 2019
Date Written: March 20, 2019
Ease of doing business ranking / index is one of the most discussed issues among the economies around the world. Probably it is one of the World Banks powerful reports that got attention of the governments around the world. Private sector is creating pressure on respective government to ensure required reforms to do better in ease of doing business index. Entrepreneurs / investors are taking decisions of respective investment in a country based on the ranking of that country in ease of doing business report. Countries like Afghanistan, Djibouti, China, Azerbaijan, India, Togo, Kenya, Côte d’Ivoire, Turkey and Rwanda etc. took the issue seriously and introduced remarkable number of reforms to facilitate businesses. As a result, these countries performed better in the 2019 Doing Business Ranking. It is worth mentioning that, the BRIC economies namely Brazil, Russian Federation, India and China introduced a total of 21 reforms, with getting electricity and trading across borders etc. as the most common areas of improvement. Bangladesh government has deputed Bangladesh Investment Development Authority (BIDA) to coordinate ease of doing business reforms and a very high level committee at the Honourable Prime Minister’s Office is working to propose, monitor reforms required to do ease of doing business. But we are yet to get any result out of this movement here in Bangladesh. Before getting into further details of ease of doing business let try to have a look what it actually is.
Keywords: ease of doing business, doing business index, doing business
JEL Classification: K2
Suggested Citation: Suggested Citation