Reforming Business Registration : A Toolkit for the Practitioners
The private sector, through investment and job creation, plays a crucial role in a country's fight against poverty. Where an effective private sector is lacking, business registration reform has been shown to be one of the essential first steps toward fostering private-sector growth. The easier, faster, and cheaper the business registration process becomes, the higher the number of businesses in an economy. A number of recent studies have found that simpler registration processes translate into advantages for workers and employers, including greater employment opportunities, more productive jobs, and higher total factor productivity. In addition, society as a whole benefits from registration reform. Business registration reform also has the potential to reduce both informality and gender disparity in entrepreneurship. This toolkit provides a systematic analysis of various reform options and is meant to serve as a guide for policy makers and practitioners implementing business registration reform. The toolkit thus displays the fundamentals of international good practice that can be adapted to specific country contexts in a coherent, consistent, and sustainable way.
| Summary: | The private sector, through investment
and job creation, plays a crucial role in a country's
fight against poverty. Where an effective private sector is
lacking, business registration reform has been shown to be
one of the essential first steps toward fostering
private-sector growth. The easier, faster, and cheaper the
business registration process becomes, the higher the number
of businesses in an economy. A number of recent studies have
found that simpler registration processes translate into
advantages for workers and employers, including greater
employment opportunities, more productive jobs, and higher
total factor productivity. In addition, society as a whole
benefits from registration reform. Business registration
reform also has the potential to reduce both informality and
gender disparity in entrepreneurship. This toolkit provides
a systematic analysis of various reform options and is meant
to serve as a guide for policy makers and practitioners
implementing business registration reform. The toolkit thus
displays the fundamentals of international good practice
that can be adapted to specific country contexts in a
coherent, consistent, and sustainable way. |
|---|