Business Ready 2024
A comprehensive assessment of the business environment across 50 economies, focusing on regulatory frameworks, public services, and operational efficiency to enhance private sector development and inform policy reforms.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source source 2 |
| Language: | English |
| Publisher: | World Bank |
Methods
The research method involved collecting data through expert questionnaires and firm-level surveys, focusing on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The data were analyzed to produce scores for each pillar and topic, allowing for comparisons across economies.
(Generated with the help of GPT-4)
Key Insights
The B-READY 2024 report evaluates the business climate in 50 economies, emphasizing the importance of a conducive regulatory framework, effective public services, and operational efficiency for private sector growth. It introduces a new analytical framework that replaces the previous Doing Business project, aiming to provide a balanced view of business readiness. The report is structured around three pillars: Regulatory Framework, Public Services, and Operational Efficiency, and covers ten essential topics related to the business lifecycle. The findings highlight significant gaps in public services compared to regulatory frameworks, indicating areas for improvement. The report also identifies correlations between business readiness and economic indicators like GDP per capita and foreign direct investment, demonstrating that robust business environments can exist across various income levels. The data collected through expert questionnaires and firm-level surveys will guide policy reforms and enhance understanding of the factors influencing private sector development.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2024-2026 geographic scope | English publication language | global