Reforms in Ease of Doing Business to Accomplish Predictable Ranking
Md. Sayful Islam
3rd May, 2021 11:12:37
The Ease of Doing Business (EODB) is an index created by the World Bank Group experts to measure a country s status in terms of starting and operating a business. The index is considered as a universally accepted comparative benchmark of the business environment globally. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The regulatory environment is more conducive to the starting and operation of a local business firm to be a high ease of doing business ranking. It applies to business enterprises, providing quantitative indicators on regulation including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency.
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