Consider the World Bank's 'Ease of Doing Business' index. What is its goal? Is that goal being accomplished? Are there any undesirable side effects?"

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TABLE 1.1 What Doing Business measures-12 areas of business regulation What is measured Indicator set 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 Employing workers Contracting with the government Procedures, time, cost, and paid-in minimum capital to start a limited liability company for men and women Procedures, time, and cost to complete all formalities to build a warehouse and the quality control and safety mechanisms in the construction permitting system Procedures, time, and cost to get connected to the electrical grid; the reliability of the electricity supply; and the transparency of tariffs Procedures, time, and cost to transfer a property and the quality of the land administration system for men and women Movable collateral laws and credit information systems Minority shareholders' rights in related-party transactions and in corporate governance Payments, time, and total tax and contribution rate for a firm to comply with all tax regulations as well as postfiling processes Time and cost to export the product of comparative advantage and to import auto parts Time and cost to resolve a commercial dispute and the quality of judicial processes for men and women Time, cost, outcome, and recovery rate for a commercial insolvency and the strength of the legal framework for insolvency Flexibility in employment regulation Procedures and time to participate in and win a works contract through public procurement and the public procurement regulatory framework Note: The employing workers and contracting with the government indicator sets are not part of the ease of doing business ranking in Doing Business 2020. TABLE 1.1 What Doing Business measures-12 areas of business regulation What is measured Indicator set 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 Employing workers Contracting with the government Procedures, time, cost, and paid-in minimum capital to start a limited liability company for men and women Procedures, time, and cost to complete all formalities to build a warehouse and the quality control and safety mechanisms in the construction permitting system Procedures, time, and cost to get connected to the electrical grid; the reliability of the electricity supply; and the transparency of tariffs Procedures, time, and cost to transfer a property and the quality of the land administration system for men and women Movable collateral laws and credit information systems Minority shareholders' rights in related-party transactions and in corporate governance Payments, time, and total tax and contribution rate for a firm to comply with all tax regulations as well as postfiling processes Time and cost to export the product of comparative advantage and to import auto parts Time and cost to resolve a commercial dispute and the quality of judicial processes for men and women Time, cost, outcome, and recovery rate for a commercial insolvency and the strength of the legal framework for insolvency Flexibility in employment regulation Procedures and time to participate in and win a works contract through public procurement and the public procurement regulatory framework Note: The employing workers and contracting with the government indicator sets are not part of the ease of doing business ranking in Doing Business 2020.

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The goal of the World Banks Ease of Doing Business index is to provide a comparative assessment of the regulatory environment for starting and operati... View the full answer