The World Bank's Regulation Rankings: Flawed but Necessary

The World Bank’s Doing Business rankings rate countries on the complexity and time taken to follow the official steps to set up and run a company.

It may sound like a banal process, but the ranking has sparked a bitter international argument. It’s put the World Bank president, Jim Yong Kim, in the awkward position of arbitrating between the bank’s biggest shareholder (the U.S., ranked fourth, which likes Doing Business) and some of the bank’s most important funders and clients, notably China (91st), which hates the rankings.

Doing Business measures things like how many steps it takes to register an enterprise and how long it takes to get a construction permit.

Read more... The bank rates countries on the principle that the quicker and simpler the processes are meant to be