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UNCTAD
How Business-Friendly is India
ILO Report
UNCTAD
The Trade and Development Report 2006 offers relevant ideas
and general principles for designing macroeconomic, sectoral and
trade policies that can help developing countries to succeed in
today’s global economic environment. Particular attention is
given to policies that support the creative forces of markets
and the entrepreneurial dimension of investment (e.g. exports of
primary commodities, manufactures).The report also argues that a
global partnership for development will be incomplete without an
effective system of global economic governance. Since 2002,
world economic expansion has had a strong positive impact on
growth and helped support progress towards the United Nations
Millennium Development Goals (MDGs)
Much depends on the ability of developing countries to adopt
more proactive policies in support of capital formation,
structural change and technological upgrading, and on the
latitude available to them in light of international rules and
disciplines.
For more,
http://www.unctad.org/Templates/webflyer.asp?docid=7183&intItemID=2508&lang=1
How Business-Friendly is India?
A study by Doing Business, which attributes rankings to 155
countries over various categories, had placed India 116th
worldwide on an overall scale, in the ease of doing business.
This is a few leaps behind US, China and even Thailand,
Pakistan, etc. New Zealand is the best place to be, as per the
study, followed by Singapore, Denmark and Norway among the top
ten, besides others.
India’s best performance seems to be in protecting its
investors, where it trails only 28 other countries, while
enforcing contracts is its weakest link, a glaring weakness, not
surprising, for it takes as many as 40 intermediate steps and
over 400 days to enforce a contract, as per the study.
Canada, Palau, Japan and Maldives are among the best performers,
in parameters such as payment of taxes, getting credit, starting
and closing of a business, employing workers and trading across
boundaries.
The study, by enumerating the main external factors that count
to make a business work , also gives us an insight into what
makes some countries hotter destinations for doing business than
others.
For more,
http://www.doingbusiness.org/ExploreEconomies/Default.aspx?economyid=89
ILO Report
ILO Online reports on one new approach (FIP)
which, by linking productivity with improved working
conditions, is ensuring that the benefits of globalization
are felt from the shop floor to the boardroom. The report
also claims, Asia's ability to sustain its impressive
economic growth and competitive edge will depend greatly on
the ability of governments and companies to ensure the
benefits are shared by employers, the workforce and the
wider population.
The results of Vietnam's pilot FIP program have also been
well received by buyers of multinationals. Plans are now
underway to introduce the program in India.
Read more about this on:
http://www.ilo.org/public/english/bureau/inf/features/06/asrm_hanoi.htm |
