Tuesday, September 13, 2005

Economy Rankings : Doing Business :: The World Bank Group

The UAE ranks 133 out of 155 countries in enforcing contracts.

Via Marginal Revolution.

UPDATE. In the comments Anonymous points out that the yesterday's Gulf News has a story on the UAE's "Doing Business" rankings under the headline "UAE business procedures 'highly streamlined'." Anonymous also links to Waterboy's analysis. Quoting Waterboy:
With a company start-up capital requirement that favours the rich - 416.9% of per cap. income (as opposed to 28.9% of per cap income in the OECD); with a credit information index of 2 out of 10; with a shareholder protection index of 4.7 out of 10; an average delay of 614 days to enforce contracts (232 in the OECD); and an average recovery rate of 5.5 cents on the dollar from bankrupts – yeah, it's incredibly 'streamlined.'

3 Comments:

Anonymous Anonymous said...

Actually, it's amusing to see how Gulf News spun this: "UAE business procedures 'highly streamlined'." Skeptics? Here's one.

11:30 AM  
Blogger John B. Chilton said...

Anonymous. Thanks for the lead.

12:23 PM  
Blogger twisted.ae said...

The UAE is more streamlined than most other arab countries , I can mention. In Cairo for eg; there is so much red tape that many government buildings there just have lines where you can line up to kill your self. These lines are for those whom the stress from going from department to department to get signatures after signatures has gotten to much... Usually the people who are running low on baksheesh often take this line aswell coz you cant get anything done without any baksheesh.

3:22 PM  

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