By World Bank
Doing company in 2005: elimination hindrances to development is the second one in a sequence of annual stories investigating the scope and demeanour of rules that improve enterprise task and people who constrain it. New quantitative symptoms on enterprise rules and their enforcement might be in comparison throughout one hundred forty five nations - from Albania to Zimbabwe - and over time.
The past file, Doing company in 2004: realizing rules, awarded signs in 5 major themes: beginning a company, hiring and firing employees, implementing contracts, getting credits and shutting a company. Doing company in 2005 updates those measures and provides one other units: registering estate and preserving traders. the symptoms are used to research fiscal and social results similar to productiveness, funding, informality, corruption, unemployment, and poverty, and establish what reforms have labored, the place and why.
In Doing company in 2005, additionally, you will locate solutions to such questions as: that are the pinnacle 10 reformer nations in view that final 12 months? that are the pinnacle 20 economies for doing enterprise? in addition to which international locations applied extra destructive regulations?
Doing company is a entire source that no investor, policymaker, or financial consultant will be with no.
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Additional resources for Doing Business in 2005: Obstacles to Growth (Doing Business)
Angola regulates all of them. Rigidity of hours Rigidity of employment Least Most Least Canada Hong Kong, China Lebanon Malaysia New Zealand Serbia and Montenegro Singapore Tunisia United States Chile Brazil Greece Spain Ukraine Venezuela Portugal Burkina Faso Congo, Dem. Rep. Côte d’Ivoire Niger Hong Kong, China Singapore Malaysia United States Canada Uganda New Zealand Slovakia Jamaica Saudi Arabia The Rigidity of Hours index is a simple average of 5 indicators: whether night work is allowed; whether weekend work is allowed; whether the workweek consists of 51⁄2 days or more; whether the workday can extend to 12 hours or more (including overtime); and whether the annual paid vacation days are 21 or less.
But as economies stagnate—due to inflexible labor markets, among other reasons—governments are pressed to provide stability and they do so by imposing even stricter regulations on businesses in an attempt to preserve current jobs. New job creation is stifled, and the informal sector expands. In the informal sector, women constitute three-quarters of workers. They have no health benefits and receive no support for their children, no Who is reforming employment regulation? Reforms of labor regulation are often triggered by a crisis—with varying results.
The gains are large. 4 Others have tried alternative solutions. Laws in Benin, Chile and Syria cap the interest rates that lenders can charge. Côte d’Ivoire, Georgia, Italy, Mexico, Peru and Vietnam permit a bankrupt debtor to seek safe harbor from debt collection for the entire insolvency proceeding—by which time the bankruptcy estate is whittled to nothing. Real estate and essential business equipment in Bolivia, Mali and United Arab Emirates are exempt from collection on default. 1 Getting credit is hard, especially for some Access to bank finance (percentage of firms with bank finance) More Access Male-owned businesses in Tanzania Female-owned businesses in Tanzania Source: Doing Business database.
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