Doing Business in Asia: Why Competitiveness Depends on Regulatory Reforms

Nicolas Picard

This year’s new Doing Business Report, the World Bank’s annual ranking of economies in 10 business regulatory areas, has garnered plenty of headlines in the media. Chief among these in Asia is the Philippines’ significant drop in ranking, despite the global business community celebrating the country’s strongeconomic performance in recent years, and gains in other indices such as the World Economic Forum’s Global Competitiveness Index. The drop is explained in part by the nature of the Doing Business publication, as well as by recent changes in the calculation of country scores by the World Bank. READ MORE