Reform of the Business Environment

Bi Fan

Chapter Chapter 9 in The Rationale Behind Change, 2025, pp 253-286 from Springer

Abstract: Abstract In the present-day world, regions which boast sound business environment tend to demonstrate unparalleled advantages in attracting capital investment, the best human talents, and many other production factors. The World Bank conducts annual surveys to evaluate business environments in countries across the world. Time constitutes the paramount norm in its assessment. Such assessments serve as an indisputable case in which the transaction costs can be measured in terms of time. However, comparative studies of the temporal dimension alone are insufficient to disclose the reasons underlying different indexes of the business environment. This deficiency undermines the value of applying such evaluations to institutional reforms. In this chapter, transaction modules will be utilized as an analytical method to demonstrate how to systematically identify flaws in the business environment, thus creating a foundation for formulating systematic plans with which to reform the business environment.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-8854-5_9

Ordering information: This item can be ordered from
http://www.springer.com/9789819788545

DOI: 10.1007/978-981-97-8854-5_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().