Rethinking Bretton Woods | Sat, Apr 13, 2013
Center of Concern responds to a call for submissions by the Independent Panel of Experts set up by World Bank President Jim Kim to examine the Doing Business Project.
Center of Concern joined several civil society organizations in a submission responding to a call by the Independent Panel of Experts set up by World Bank President Jim Kim to examine the Doing Business Project.
Among other things, the signatories recall that the World Bank recognizes that the reforms listed in the Doing Business report might not be appropriate in all contexts or might not highlight important trade-offs between “Doing Business” and other objectives. “For these reasons,” signatories say, “it is important that the Doing Business indicators are not used inappropriately to guide regulatory reforms.”
In its own submission, sent separately, Center of Concern takes issue with the Doing Business Report’s contention that justifies the exercise’s contribution on the basis of an agenda to facilitate the operation of local firms and particularly in developing countries. “This laudable goal is, however,” says Center of Concern, “is at odds with a reductionist methodology that attempts to equate a good business climate with a set of metrics to assess implementation of a standardized, one-size-fits-all blueprint of reforms.” The submission calls for the World Bank to no longer carry out universal rankings and replace the doing business project with analytical work on a country-by-country or regional basis.