Since its launch, Doing Business report has undoubtedly became an important measure with economic and political consequences. On the economic side, Doing Business report has become one of the important indicators for companies choosing countries to invest. On the political side, this has become an index on which countries compete, and against which success of governments is measured.
Growing importance of Doing Business index has also attracted criticism. Doing Business reports try to measure very complex reality with some simplified tools. This reflection of reality is far from ideal and it definitely needs constant improvement but despite of that it was found that some of the criticism towards the Doing Business reports is ungrounded.
As Doing Business team puts constant effort to review and improve the Report, UTAMU and NRD AS analyzed their experience and put reflections together on how important Doing Business report is for initiating and sustaining reforms. The impact of Doing Business is without a doubt positive.
In addition, they present some recommendations on specific improvements and directions on how Doing Business could be further improved. The parties suggest that:
- Clearer attribution of the reforms would serve the political cycle better;
- Limiting competition through ranking of indicators could encourage engagement in less visible but more important reforms;
- Introduction of Delivery of Regulation index could provide a more comprehensive view of practical burden on businesses.
Follow the link to open the NRD UTAMU insights on WB Doing Business report.
The parties would love to hear your comments and ideas: email@example.com.
Norway Registers Development AS (NRD AS) has partnered with Uganda Technology and Management University (UTAMU) in a bid to address challenges of sustainable development in the East African Region. The parties signed a Memorandum of Understanding (MoU) to work together in order to support economic reforms in the region by promoting strategic ICT investment and contributing evidence based research, impact assessment reports and policy advice on specific subjects of interest, such as: investment strategy, industrial policy, business environment improvement, better regulation and public procurement, among many others.