The World Bank has been producing an annual report ranking countries according to how easy it is to set up and run a business there — a ranking that has become a handy guide for small and midsize companies worldwide.
And in the latest Doing Business report, eight of the 10 countries where the ease of doing business has improved the most come from the developing world.
From June 2013 to June 2014 — the period covered by the 2015 rankings — 123 countries implemented at least one reform in the different indicators measured by the Doing Business report. More than 63 percent of these reforms lowered the complexity and cost of regulatory procedures, while the rest boosted legal institutions.