Search for notes by fellow students, in your own course and all over the country.
Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.
Title: Foreword How to use Doing Business indicators and how not to
Description: The public discourse on economic policy is overwhelmingly focused on fiscal measures, monetary interventions, welfare programs and other such highly visible instruments of government action. Thus when an economy does poorly, a disproportionate amount of our debate centers on whether or not it needs a fiscal stimulus, whether there should be liquidity easing or tightening, whether its welfare programs have been too profligate or too paltry and so on. What gets much less attention but is equally —and, in some situations, even more—important for an economy’s success or failure is the nuts and bolts that hold the economy together and the plumbing that underlies the economy.
Description: The public discourse on economic policy is overwhelmingly focused on fiscal measures, monetary interventions, welfare programs and other such highly visible instruments of government action. Thus when an economy does poorly, a disproportionate amount of our debate centers on whether or not it needs a fiscal stimulus, whether there should be liquidity easing or tightening, whether its welfare programs have been too profligate or too paltry and so on. What gets much less attention but is equally —and, in some situations, even more—important for an economy’s success or failure is the nuts and bolts that hold the economy together and the plumbing that underlies the economy.
Document Preview
Extracts from the notes are below, to see the PDF you'll receive please use the links above
Foreword How to use Doing Business indicators and how not to
The public discourse on economic policy is overwhelmingly focused on fiscal measures, monetary
interventions, welfare programs and other such highly visible instruments of government action
...
What gets much less attention but is equally
—and, in some situations, even more—important for an economy’s success or failure is the nuts and
bolts that hold the economy together and the plumbing that underlies the economy
...
Their malfunctioning can thwart an
economy’s progress and render the more visible policy instruments, such as good fiscal and monetary
policies, less effective
...
The World Bank Group’s Doing Business report is
an annual statement of the state of the nuts and bolts of economies around the world and, as such, is
one of the most important compendiums of information and analysis of the basis of an economy’s
effective day-to-day functioning and development
...
An economy with an efficient bureaucracy and
rules of governance that facilitates entrepreneurship and creativity among individuals, and provides an
enabling atmosphere for people to realize their full potential, can enhance living standards and promote
growth and shared prosperity
...
After decades
of debate there is now some convergence in economics about the roles of the market and the state
...
Moreover, there is a logical mistake that underlies the market fundamentalist philosophy
...
Hence the edict is internally inconsistent
...
Turning to the other extreme, it is now widely recognized that to have the state try to do it all is a recipe
for economic stagnation and cronyism
...
It is true that government should intervene in the market to help the
disadvantaged, to keep inequality within bounds, to provide public goods and to create correctives for
market failures such as those stemming from externalities, information asymmetries and systemic
human irrationalities
...
2 It is this
critical role of providing an enabling and facilitating ethos for individual talent and enterprise to flourish
—which includes an awareness of where not to intervene and interfere—that the Doing Business report
tries to measure
...
In brief, by its very nature Doing Business has all the ingredients of
being both important and controversial, and it has lived up to both qualities in ample measure
...
This shift has given me a 360-degree view of Doing Business and, along
with that, an awareness of its strengths and weaknesses, which others, luckier than I, may not have
...
Doing Business takes the
same set of hypothetical questions to 189 economies and collects answers to these
...
The dispute involves the breach of a sales contract worth twice the size of the income per
capita of the economy or $5,000, whichever is greater
...
However, this
same strength is inevitably a source of some weaknesses
...
It is not feasible, at least not at this
stage, to conduct such surveys in 189 economies
...
Further, even
when, based on a study of one economy or a cluster of economies, some measure is found to be an
important determinant of the ease of doing business, it may not be possible to put this measure to use
unless a way is found to collect information on it from all 189 economies
...
The
same measure may be more apt for one economy and less so for another
...
3 Another problem arises from the fact that the overall ease of doing
business ranking is an aggregation of 10 component indicators—measuring how easy it is (in the
economy concerned) to start a business, deal with construction permits, get electricity, register property,
get credit, pay taxes, trade across borders, enforce contracts and resolve insolvency and how strong the
protections for minority investors are
...
The way all this is aggregated is by giving each basic
measure the same weight to get to each component indicator, and then giving an equal weight to each
of the 10 component indicators to get to the final score
...
4 Is an economy’s speed at
Title: Foreword How to use Doing Business indicators and how not to
Description: The public discourse on economic policy is overwhelmingly focused on fiscal measures, monetary interventions, welfare programs and other such highly visible instruments of government action. Thus when an economy does poorly, a disproportionate amount of our debate centers on whether or not it needs a fiscal stimulus, whether there should be liquidity easing or tightening, whether its welfare programs have been too profligate or too paltry and so on. What gets much less attention but is equally —and, in some situations, even more—important for an economy’s success or failure is the nuts and bolts that hold the economy together and the plumbing that underlies the economy.
Description: The public discourse on economic policy is overwhelmingly focused on fiscal measures, monetary interventions, welfare programs and other such highly visible instruments of government action. Thus when an economy does poorly, a disproportionate amount of our debate centers on whether or not it needs a fiscal stimulus, whether there should be liquidity easing or tightening, whether its welfare programs have been too profligate or too paltry and so on. What gets much less attention but is equally —and, in some situations, even more—important for an economy’s success or failure is the nuts and bolts that hold the economy together and the plumbing that underlies the economy.