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Doing Business in 2005

Author

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  • World Bank
  • International Finance Corporation

Abstract

2004 was a good year for doing business in most transition economies, the World Bank Group concluded in its Doing Business in 2005 survey, the second in its series tracking regulatory reforms aimed at improving the ease of doing business in the world's economies. However, the survey found that conditions for starting and running a business in poorer countries were consistently more burdensome than in richer countries. The top 5 economies on the ease of doing business were, in order: New Zealand, United States, Singapore, Hong Kong (China), and Australia. Slovakia was the leading reformer, together with Lithuania breaking into the list of the 20 economies with the best business conditions. The major impetus for reform in 2003 was competition in the enlarged European Union. Doing Business in 2004 presented indicators in 5 topics (starting a business, hiring and firing workers, enforcing contracts, getting credit and closing a business), so this report updates these measures. There are two additional sets: registering property and protecting investors. The indicators are used to analyze economic and social outcomes, such as productivity, investment, informality, corruption, unemployment, and poverty, and identify what reforms have worked, where and why.

Suggested Citation

  • World Bank & International Finance Corporation, 2004. "Doing Business in 2005," World Bank Publications - Books, The World Bank Group, number 23994, December.
    • Handle: RePEc:wbk:wbpubs:23994
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/23994/300590PAPER0Doing0business02005.pdf?sequence=1
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    Citations

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    Cited by:

    1. Giuseppe Dari-Mattiacci & Bruno Deffains, 2007. "Uncertainty of Law and the Legal Process," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(4), pages 627-656, December.
    2. Mike Hobday, 2011. "Learning from Asia’s Success Beyond Simplistic ‘Lesson-Making’," WIDER Working Paper Series 042, World Institute for Development Economic Research (UNU-WIDER).
    3. Arruñada Benito, 2014. "Registries," Man and the Economy, De Gruyter, vol. 1(2), pages 1-22, December.
    4. Rovena Tahiti & Besa Shahini, 2010. "Strengthening innovation and Technology policies for SME Development in Albania," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 4(1), March.
    5. Norbert Fiess & Marco Fugazza, 2008. "Trade Liberalisation and Informality: New stylized facts," Working Papers 2008_34, Business School - Economics, University of Glasgow.
    6. Cristina Betancour & José De Gregorio & Alejandro Jara, 2006. "Improving the banking system: the Chilean experience," BIS Papers chapters, in: Bank for International Settlements (ed.), The banking system in emerging economies: how much progress has been made?, volume 28, pages 163-80, Bank for International Settlements.
    7. Mike Hobday, 2011. "Learning from Asia's Success Beyond Simplistic 'Lesson-Making'," WIDER Working Paper Series wp-2011-042, World Institute for Development Economic Research (UNU-WIDER).
    8. Korkeamaki, Timo P., 2005. "Effects of law on corporate financing practices--international evidence from convertible bond issues," Journal of Corporate Finance, Elsevier, vol. 11(5), pages 809-831, October.
    9. Lothar Funk & Axel Plünnecke, 2005. "An international Comparison of Selected Innovation Drivers," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 3(3), pages 43-52, November.

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