The World Bank’s recently released 2008 Doing Business Rankings were no surprise when it came to who was in the top positions. Just as in 2007 the economies where it’s easiest to do business included Singapore, the United States, Hong Kong, Denmark, New Zealand, and Canada among others. Interestingly, there as been some movement among the top OIC economies. The table below showcases the top 10 OIC economies on the Doing Business ranking in 2008 and their rankings in 2007.
Among the top 10 OIC economies on the 2008 ranking we see three which have improved from 2007 (Saudi Arabia, Turkey, and UAE) with an average improvement of 6 notches. Five economies (Malaysia, Oman, Maldives, Pakistan, and Brunei) declined with an average fall of 5 notches. Finally, two economies (Kuwait and Kazakhstan) remained unchanged.
The World Bank’s Doing Business rankings are released annually and rank economies on the following criteria:
• Starting a Business
• Dealing with Licenses
• Employing Workers
• Registering Property
• Getting Credit
• Protecting Investors
• Paying Taxes
• Trading Across Borders
• Enforcing Contracts
• Closing a Business
You can see the full Doing Business report by the World Bank at http://www.doingbusiness.org
Posted by: Blake Newman | January 28, 2010 at 01:12 PM