Publication: Business Ready 2024
Loading...
Files
97,951 downloads
20,227 downloads
2,018 downloads
2,167 downloads
923 downloads
Date
2024-10-03
ISSN
Published
2024-10-03
Author(s)
Editor(s)
Abstract
Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.
Link to Data Set
Citation
“World Bank. 2024. Business Ready 2024. © World Bank. http://hdl.handle.net/10986/42198 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Related items
Showing items related by metadata.
Publication Mongolia Quarterly, January 2008(Washington, DC, 2008-01-28)Real Gross Domestic Product (GDP) growth rate was 9.9 percent in 2007. Economic growth has been primarily driven by agriculture (which contributed 3.4 percentage points to economic growth), and services (which contributed 4.3 percentage points). In the agriculture sector, the December 2007 annual livestock census reported an increase of 15 percent of livestock from 34.8 to 40.3 mln livestock, with the number of goats, sheep and cattle increasing by 18, 15 and 14 percent respectively. While most of the foreign direct investment (FDI) coming into Mongolia continues to go to mining, its value-added only grew by only 1.7 percent this year (mainly came from coal extraction). On the non-bank side, the financial regulatory commission has been making efforts to improve the legal and regulatory framework, however, its weak institutional capacity and resource constraints continue to be a major impediment in effective supervision. Several key laws relating to the financial sector need to be finalized. Efforts have been made towards resolving immediate issues relating to the closed savings and credit cooperatives, developing the insurance industry and developing a framework and institutions to develop the mortgage market. However, several laws and enabling regulation still need to put in place before benefits of increase in financial sector efficiency (lower cost of financing) can be fully realized.Publication Costa Rica : Five Years after CAFTA-DR, Assessing Early Results for the Costa Rican Economy(Washington, DC, 2014-06-13)The Dominican Republic - Central America - United States Free Trade Agreement (CAFTA-DR) has been fundamental in creating a stable framework for Costa Rica's trade with the United States. For Costa Rica, CAFTA-DR is more than a trade agreement. Besides eliminating tariffs and reducing non-tariff barriers between member countries, CAFTA-DR also introduced major changes to the legal framework of member countries, reducing barriers to services, promoting transparency, and ensuring a secure and predictable environment for investors. This report analyses how CAFTA-DR has impacted the Costa Rican economy in the five years after ratification, both on a macro level and in key specific sectors. The report shows that CAFTA-DR is yielding benefits to the Costa Rican economy, but it is too early to provide a complete account just after five years. The agreement has succeeded to further trade integration between Costa Rica, the US, and other CAFTA-DR countries. Exports to the US began increasing several years before the agreement, but CAFTA-DR accelerated the trend. Costa Rica continues attracting FDI above levels observed in other CAFTA-DR countries, with an increasing share from US investors and a focus on medical devices and business services. Online survey and interviews of high-tech firms in free trade zones found that CAFTA-DR was an important factor in the investment decisions. CAFTA-DR ignited an explosion of changes in the telecom and insurance sectors, bringing new regulatory frameworks, competition, product innovations, and price reductions. Consumers are reaping the benefits of improved telecom and insurance services. But some issues remain for those markets to mature. Finally, the concern regarding the potential negative impact on the Costa Rican Social Security Administration's finances due to the intellectual property rights measures have not been observed.Publication The Role of International Business in Aid for Trade : Building Capacity for Trade in Developing Countries(Washington, DC, 2011-07)Since the launch of the global initiative on aid for trade in 2005, there has been a concerted effort by donors, partner agencies, and recipients to strengthen trade capacity and improve trade-related infrastructure so that developing countries may reap the benefits of trade. The majority of these efforts have been driven by the public sector: building infrastructure, providing technical assistance, improving trade facilitation, and trade policies. With a growing number of companies looking to the developing world for new markets, the private sector has a profound interest in ensuring sound investments through access to trade-related infrastructure, an educated workforce, and quality standards for inputs to their goods. The time is ripe to explore new partnerships between the public and private sector in order to build trade capacity in developing countries. This paper is a step towards highlighting the role of the private sector in the aid for trade initiative and provides a framework for understanding what this role entails. This framework is informed by 40 case stories submitted by multinational companies, business associations, and other private sector actors, which cover a variety of trade related capacity building projects. These case stories demonstrate the importance of the private sector in building human and productive capacity, incorporating producers into global value chains, improving quality and safety standards, and promoting trade facilitation. The paper concludes by highlighting seven ways in which the private sector engages with the aid for trade initiative and provides several avenues for bolstering future collaboration between the public and private spheres.Publication Afghanistan Diagnostics Trade Integration Study(Washington, DC, 2012-11)Trade enables countries to import ideas and technologies, realize comparative advantages and economies of scale, and foster competition and innovation, which in turn increases productivity and achieves higher sustainable employment and economic growth. Countries open to international trade tend to provide more opportunities to their people, and grow faster. Afghanistan could derive far more benefit from its international trade opportunities than it does at present. This Diagnostics Trade Integration Study (DTIS) report is intended to identify concrete policy actions in three areas of endeavor: lowering the transaction costs of trade, increasing Afghanistan's competitiveness in world markets, and providing an analytical foundation for Afghanistan's national trade strategy. The study examines how to do this, looking not only at trade performance and policy, but also at three sectors with great export potential: agriculture, gemstones and carpets, as well as the investment climate, customs as a driver of trade facilitation, and on promoting infrastructure services. All five chapters in this report provide a detailed and comprehensive analysis of trade issues intended to reduce the transaction costs of trade. Growth in Afghanistan has been strong and volatile because of its heavy reliance on agriculture. Now it faces a transition: prospects of a drawdown of international military forces and a decline in civilian aid by 2014. Security issues and political instability could undermine Afghanistan's Transition. Such threats could harm not only economic growth, but deterioration would repel private-sector investment.Publication Tiger Economies Under Threat : A Comparative Analysis of Malaysia's Industrial Prospects and Policy Options(World Bank, 2009)The Southeast Asian Tigers feel threatened. Even though their growth rates have remained above the average for the world and also above the average for developing countries, their economic performance falls short of that in the first half of the 1990s. The underlying worry is that it presages the beginning of a downward trend, the harbingers of which are lower rates of investment, persistently low rates of total factor productivity, and low levels of innovativeness. The Southeast Asian Tigers' worries motivate three questions, which this book attempts to answer. First, are the Tigers rightly threatened by a creeping economic sclerosis or what some observers are calling the middle-income trap? Second, if the threat is real, what are the underlying causes? Third, are there ways of neutralizing the problems and at least maintaining if not raising the growth rates of the recent past? This book will respond to these questions by means of a comparative analysis of the Tiger economies that is centered on Malaysia. This analysis draws on a comprehensive set of techniques and indicators to assess competitive pressures, to gauge industrial and technological capabilities, and to indicate some of the directions industrial change in Southeast Asia could take. Thus, the book seeks not only to view industrial evolution in the region from a comparative perspective taking account also of what is happening and has happened in other parts of East Asia but also to illuminate this ongoing and uncertain process using some of the latest empirical techniques devised for this purpose. The balance of this chapter provides the developmental and international contexts with reference to which these questions will be addressed. It explains the book's preferred angles to tackling them. The chapter also outlines the contents of the volume and foreshadows the principal findings and conclusions.
Users also downloaded
Showing related downloaded files
No results found.