Friday, June 14, 2024

The Difficulty Of Doing Business Around The World

The "Ease of doing business" rankings is a list of countries ranked according to how easy it is to register, start, and maintain a business in that country.

Politicians often use improvements in the ease of doing business as an electoral promise to boost their popularity.

They contribute to the difficulty of doing business by getting in the way of the free market.

A likely explanation for the ease of doing business rankings may be cultural factors.

Western countries thrive in the ease of doing business rankings because of a long history of property rights.

African countries, in particular, are prone to having an extreme difficulty of doing business due to the overbearing governments present in the continent.

The bottom ten countries in the ease of doing business rankings feature eight African countries, along with Venezuela and Timor-Leste. 

https://mises.org/mises-wire/difficulty-doing-business-around-world 

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