Wednesday, March 20, 2013

How Needful Is Deregulation?


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Compare these figures on overregulation in various Latin America countries with growth figures. Brazil is one of the more regulated countries, but it has a strong economic growth and beneficial distribution trends.

Number of procedures needed to open a business in some Latin American countries:
Panama
7
Uruguay
9
Argentina
12
Ecuador
12
Peru
14
Brazil
15
Mexico
15
Venezuela
15
Columbia
17
Bolivia
20.

Cost of becoming operational as a share of GNP/capita:

Uruguay
0.0551
Venezuela
0.1107
Columbia
0.1244
Ecuador
0.1553
Peru
0.2142
Argentina
0.2323
Panama
0.3105
Mexico
0.5742
Brazil
0.6735
Bolivia
2.6252

From Latin America failed to remove entry barriers

http://aidwatchers.com/2010/06/response-to-dani-rodrik-on-washington-consensus/

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