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Tuesday, September 13, 2005


Edward Hugh

"and Italy a truly woeful 70th - behind such 'business friendly' regimes like Columbia, Saudi Arabia, Nepal and Columbia."

Well I think this takes us back to Duval and Elmeskov, and structural reforms and the euro (an issue you covered here).

The euro has certainly made interest rates cheap in Italy, and it has made it easier to finance all that government debt, but it doesn't seem to have been very successful in facilitating structural reforms, in fact - as Duval and Elmeskov suggest - it may be slowing them down.

Edward Hugh

"Serbia and Montenegro was top reformer, improving in eight of the ten areas studied."

In contrast, wanting to get into the EU - as we can also see with Turkey - can be seen to be a powerful stimulant to change.

Edward Hugh

"There is also some press attention already"

Yes, and in Germany the country's rise in the reform index is being highlighted.

Pablo H.

The press releases for all of the regions, and in various languages, are also now available online: http://www.doingbusiness.org/Main/PressReleases.aspx.

A member of the Doing Business team will actually be guest blogging on PSD Blog, http://psdblog.worldbank.org/, for the next week - shedding light on many of the points that you have raised above and what has been mentioned in recent media coverage. Just in case.

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