Professor Steve Hanke just wrote a fascinating article about the World Bank’s Doing Business report. Anyone involved in analytic assessment of a nation’s economic and financial fundamentals knows and values the work by the World Bank on the survey.
Steve’s report “Doing Business, Singapore Style” was just published in Globe Asia and is highly recommended reading.
He notes that, recently, some countries have been pressuring the World Bank to scrap the Doing Business rankings and weaken the report’s analysis to the point of irrelevance. This would be a mistake. The Doing Business report provides a framework for economic reform and serves as a challenge to implement it around the world.