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Doing Business Economy Profile 2016: St. Kitts and Nevis
(World Bank, Washington, DC, 2015-10) World Bank Group
This economy profile for Doing Business 2016 presents the 11 Doing Business indicators for St. Kitts and Nevis. To allow for useful comparison, the profile also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2016 is the 13th edition in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Economies are ranked on their ease of doing business; for 2015 St. Kitts and Nevis ranks 124. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies from Afghanistan to Zimbabwe and over time. Doing Business sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations. It measures and tracks changes in regulations affecting 11 areas in the life cycle of a business: 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 and labor market regulation. The data in this report are current as of June 1, 2015 (except for the paying taxes indicators, which cover the period from January to December 2014).
Doing Business in Central America and the Dominican Republic 2015: Overview
(Washington, DC, 2015) World Bank Group
The strengthening of sustained and inclusive economic growth providing opportunities for all and reducing inequality is a key to achieving shared prosperity in Central America and the Dominican Republic. However, the countries in this region except for Panama and Costa Rica have not yet attained growth driven by high productivity. Foreign trade grew less in Central America than in other regions. Other studies reveal that the areas having the greatest impact on trade costs and volumes are information availability, process improvement through the use of online tools, and document simplification and streamlining. The strengthening of the business environment is a key action within these countries' competitiveness and productivity agenda. If laws and regulations are clear, accessible, and transparent, while at the same time they are enforceable before a court of justice if necessary, entrepreneurs will have more time to devote to productive activities and will feel more confident to run the risk of doing business with people they don't know, which may contribute to the expansion of their client and supplier network, thereby making their business grow. Doing business in Central America and the Dominican Republic 2015 for the first time includes a gender perspective based on the study of the laws and regulations that impose differential treatment for women.