The importance of facilitating business registration: growth!

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The World Bank has launched a new online discussion on “How to Streamline Business Registration.”

International public opinion, and research such as the World Bank’s Doing Business Project, have agreed to gripe about red tape and the fact that it takes over 200 days to incorporate a business in some countries. But what is the best way to go about this?

Over the past two years many OECD countries have greatly improved their regulatory burdens with regards to business incorporation. But can these same initiatives work in the developing countries which are in most need of a thriving and entrepreneurial private sector to spur growth. Are IT-intensive solutions feasible, or are grass roots information campaigns more effective?

It will be interesting to see what the World Bank readership believes, and how this compares with the Financial Times readers who reacted several days ago to Gordon Brown’s red-tape-cutting 2005 budget. What do you think needs to be done?

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