Doing Business 2015: Going Beyond Efficiency, a World Bank Group flagship publication, is the 12th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies—from Afghanistan to Zimbabwe—and over time.
Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labor market regulation, which is not included in this year’s ranking.
Data in Doing Business 2015 are current as of June 1, 2014. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where and why. This year’s report introduces a notable expansion of several indicator sets and a change in the calculation of rankings.
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The Washington, DC-based International Consortium of Investigative Journalists (ICIJ) has released a database of the so-called Panama Papers - information leaked primarily from Mossack Fonseca, one of the world's leading global law firms providing services of incorporation of offshore entities and headquartered in Panama. The leak is the largest ever of offshore financial records and contains about 11.5 million legal and financial records dating back more than 40 years. The files expose more than 213,000 offshore entities created in 21 jurisdictions, stripping away the secrecy from the offshore holdings of 238,000 people from 200 countries,...
According to the 2016 Forbes World's Billionaires List, the total number of billionaires worldwide expanded to 1,810. The aggregate net worth of the list's members exceeded $6 trillion, while the average net worth was $3.6 billion. Source: Forbes World's Billionaires
The most recent Turkey Investment Climate Assessment completed by the World Bank in 2010 revealed wide variation in the quality of the business environment across regions and how firms operating in different regions tend to be affected by various aspects of the investment climate. The Regional Investment Climate Assessment Project will help identify bottlenecks to doing business at regional level across the country. Identification of these bottlenecks is the first step in removing them and promoting private sector development at the regional level in Turkey. The World Bank and Turkish Ministry of Development are co-hosting a meeting to...