The Doing Business 2011 report released on November 4, 2010 as a co-publication of the World Bank and the International Finance Corporation. As expressed in the preface of the report, Doing Business 2011 is the eighth in a series of annual reports benchmarking the regulations that enhance business activity and those that constrain it. The report presents quantitative indicators on business regulation and the protection of property rights for 183 economies – from Afghanistan to Zimbabwe. The data are current as of June 2010.
Further, it said that a fundamental premise of Doing Business is that economic activity requires good rules – rules that establish and clarify property rights and reduce the cost of resolving disputes; rules that increase the predictability of economic interactions and provide contractual partners with certainty and protection against abuse. The objective is regulations designed to be efficient, accessible to all and simple in their implementation. Doing Business gives higher scores in some areas for stronger property rights and investor protections, such as stricter disclosure requirements in related-party transactions.
In conducting the survey, economies were ranked on the basis of 9 areas of regulation : (1) for starting a business, (2) dealing with construction permits, (3) registering property, (4) getting credit, (5) protecting investors, (6) paying taxes, (7) trading across borders, (8) enforcing contracts, and (9) closing a business.
The survey was limited in scope. It does not consider the costs and benefits of regulation from the perspective of society as a whole. Nor does it measure all aspects of the business environment that matter to firms and investors or affect the competitiveness of an economy.
The Doing Business 2011 report was done successfully in favor of more than 8,200 local experts, including lawyers, business consultants, accountants, freight forwarders, government officials and other professionals routinely administering or advising on the relevant legal and regulatory requirements in the 183 economies covered.
Within the report, rankings on the Ease of Doing Business, Singapore ranked at the top, following by Hong Kong SAR, China at the second place, New Zealand at the third place, United Kingdom spotted at #4 and United States at #5.
Where is the position of Indonesia ? It was ranked at #121 in the category of Ease of Doing Business, #155 in Starting a Business, #60 in Dealing with Construction Permits, #98 in Registering Property, #116 in Getting Credit, #44 in Protecting Investors, #130 in Paying Taxes, #47 in Trading Across Borders, #154 in Enforcing Contracts and #142 in Closing a Business.
Explore the complete list of the rankings from the official website : Doing Business - Economy Rankings
As reported by Jakarta Globe on November 05, 2010, Sofyan Wanandi, Chairman of the Indonesian Employers Association (Apindo) said the drop in overall ranking was inevitable because other countries kept making big improvements while Indonesia still had a lot of “homework” to do. Read further
Download the report from here : Doing Business 2011 - Making a difference for entrepreneurs
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