The World Bank Group has reported in the 2011 doing business report that in the past year, governments in 117 economies carried out 216 regulatory reforms aimed at making it easier to start and operate a business, strengthening transparency and property rights, and improving the efficiency of commercial dispute resolution and bankruptcy procedures.

This is a finding of Doing Business 2011: Making a Difference for Entrepreneurs, the eighth in a series of annual reports published by IFC and the World Bank. The report ranks 183 economies on key aspects of business regulation for domestic firms.

Globally, doing business remains easiest in the high_income economies of the Organisation for Economic Co_Operation and Development and most difficult in Sub_Saharan Africa and South Asia. But developing economies are increasingly active. In the past year, 66 percent reformed business
regulation, up from 34 percent six years earlier.

In the past five years, about 85 percent of the world’s economies have made it easier for local entrepreneurs to operate, through 1,511 improvements to business regulation. Doing Business 2011 pioneers a new measure showing how much business regulation has changed in 174 economies since 2005. China and India are among the top 40 most_improved economies. Among the top 30 most_improved economies, a third are from Sub_Saharan Africa.

Worldwide, more than half the regulatory changes recorded in the past year eased business start_up, trade, and the payment of taxes.

Many of the improvements involve new technologies. “New technology underpins regulatory best practice around the world,” said Janamitra Devan, Vice President for Financial and Private Sector Development for the World Bank Group. “Technology makes compliance easier, less costly, and more transparent.”

For the fifth year running, Singapore leads in the ease of doing business, followed by Hong Kong SAR China, New Zealand, the United Kingdom, and the United States. Among the top 25 economies, 18 made things even easier over the past year.

“Governments worldwide have been consistently taking steps to empower local entrepreneurs,” said Neil Gregory, Acting Director, Global Indicators and Analysis, World Bank Group. “The economies most affected by the financial crisis—especially in Eastern Europe—have been targeting regulatory reforms over the past year to make it easier for small and medium_size enterprises
to recover and to create jobs.”

Kazakhstan improved business regulation for local entrepreneurs the most in the past year. This year’s list of the 10 most_improved economies also includes three in Sub_Saharan Africa—Rwanda (a consistent reformer of business regulation), Cape Verde, and Zambia—as well as Peru, Vietnam,

Tajikistan, Hungary, Grenada, and Brunei Darussalam. economic outcomes across economies.
For more information about the Doing Business report series, and for region specific press releases, please visit:  www.doingbusiness.org.