The New York Times reports that governments have responded to the financial crisis by making it easier for entrepreneurs to start new businesses, paving the way for employment growth amid an uncertain economic outlook, according to a World Bank report.
The study, Doing Business 2011, found that governments in 117 of the 183 economies it surveyed had carried out 216 regulatory overhauls “making it easier to start and operate a business, strengthening transparency and property rights and improving the efficiency of commercial dispute resolution and bankruptcy procedures.”
Singapore remains the world’s easiest place to start and run a company, followed by Hong Kong, New Zealand, Britain and the United States, but developing countries are working to catch up, the report found.
Photo by wikimedia.org.
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