Doing Business, An Independent Evaluation : Taking the Measure of the World Bank-IFC Doing Business Indicators
Doing Business (DB), the annual World Bank- International Finance Corporation (IFC) benchmarking exercise launched in 2004, is one of the Bank Group's flagship knowledge products. It aims to measure the costs to firms of business regulations in 178 countries and ranks the countries along 10 dimensions. It also aims to advance the World Bank Group's private sector development agenda by motivating and informing the design of regulatory reforms, enriching international initiatives on development effectiveness, and informing theory. By ranking countries and spotlighting both leaders and laggards, DB has attracted the interest of senior policy makers and is claimed to have inspired reforms on business climate issues. DB's lively communications style has helped give the DB indicators an international profile. The report has five sections: the first chapter reviews the intellectual underpinnings of the DB indicators. The second chapter reports on how DB collects and assembles data. The chapters third and fourth discuss the relevance of the dimensions measured by the exercise and their use inside and outside the Bank. And finally, chapter fifth presents findings and recommendations.
Summary: | Doing Business (DB), the annual World
Bank- International Finance Corporation (IFC) benchmarking
exercise launched in 2004, is one of the Bank Group's
flagship knowledge products. It aims to measure the costs to
firms of business regulations in 178 countries and ranks the
countries along 10 dimensions. It also aims to advance the
World Bank Group's private sector development agenda by
motivating and informing the design of regulatory reforms,
enriching international initiatives on development
effectiveness, and informing theory. By ranking countries
and spotlighting both leaders and laggards, DB has attracted
the interest of senior policy makers and is claimed to have
inspired reforms on business climate issues. DB's
lively communications style has helped give the DB
indicators an international profile. The report has five
sections: the first chapter reviews the intellectual
underpinnings of the DB indicators. The second chapter
reports on how DB collects and assembles data. The chapters
third and fourth discuss the relevance of the dimensions
measured by the exercise and their use inside and outside
the Bank. And finally, chapter fifth presents findings and recommendations. |
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