Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
It comprises 10 indicators, each of which is based on various sub-indicators, and all of which are aggregated, according to a fixed rule, into a final score that determines a country's ranking among 190 economies.For example, when I first took over the process, I disagreed with the prevailing assumption that a higher tax rate is necessarily worse for an economy.First, if a country is determined to move up the ranking, it can do so by focusing on the 10 indicators that determine the final score, though this is not a national economic strategy that I would recommend.Second, any change in ranking can be driven either by what a country does relative to other countries, or by measurement changes that the DB may have instituted in a given year – changes like those mentioned above. For example, when India moved from 142nd to 130th place between 2014 and 2015, the DB team and I computed that only four of the 12 positions that India had climbed reflected changes India had made, with the remainder attributable to changes in the DB methodology.The DB merely measures what it says it measures: the ease of doing business.
How to prevent a winner-take-all kind of democracy
A crash course on currencies for politicians
The value of measuring
FOLLOW THIS ARTICLE