Celebrating humanity's flourishing through the spread of capitalism and the rule of law
29 Jun 2015 Leave a comment
in economics of bureaucracy, economics of crime, economics of regulation, industrial organisation, labour economics, law and economics, property rights, Public Choice, rentseeking Tags: cost of doing business, Euroland, Greece, Russia, sovereign defaults, transitional economies, World Bank
Figure 1: Greek and Russian Doing Business sub-rankings, 2015
Source: World Bank Doing Business 2015.
As long as you’re not in a construction or export business, and don’t mind waiting for your electricity, it’s better to do business in Russia than in Greece! The main difference between Russia and Greece is its membership of the European Union makes it easy to export?
In Russia, it’s easier to start a business, register property and enforce contracts than it is in Greece!
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