How does it help foreign investors in making investment decisions?
You are right that in the study we are focusing on regulatory environment for small and medium businesses. We are talking about firms with 60 or 100 people. So it is reasonable-sized firms. Our focus is on how you create a better environment for domestic firms. Some of the causes that we are talking about here may not matter for a large foreign investor. We are not designing it to measure how attractive a country is for investment. Our focus is much more on the question of how do you create an environment of entrepreneurship. That means the study is relevant within the boundaries of a country. It loses its significance beyond the boundaries. Yes, it is focused on that country’s regulation. Where we find the global comparison useful is (it) makes you think. We thought we had our system in pretty good shape, then the country next door, which we thought to be our natural competitor, looks better than us. So it opens up a conversation. The ranking also helps people look for countries that
