Saturday, June 08, 2013

Niall Ferguson's WSJ of Saturday/Sunday 8-9 edition of section C1 "How America Lost Its Way".

This is worth reading and for the most part endorsed.  The general message is that, especially for entrepreneurs, it is getting ever harder to do business in the United States relative to many other countries.  In a survey by the World Bank, it reports that in only 20 countries have regulatory hurdles that have risen, and the U.S. is the sixth worst.  Other members in the bottom 10 are Yemen, Burundi, and Zimbabwe.

Using seven measures of regulations that must be satisfied, it suggests that the total number of days it takes in the U.S. for a small business to get approval has increased by 18% to 433.  Seven years of data suggest that most of the world's countries are successfully making it easier to start and run a business. 

The above is just a teaser for the content of this article which is still up and available on Google.

1 Comments:

Anonymous Anonymous said...

worth a read

6:06 PM  

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