Business-friendly reforms best way to advance Latin America economies

“What irony! When it comes to cutting government red tape and creating a pro-business atmosphere, communist-ruled China, Vietnam and former Soviet-bloc countries in Eastern Europe are moving much faster than most of Latin America.

A new World Bank report - Doing Business 2008 - which looks at the ease of doing business in 178 countries around the world, says countries such as Croatia, Georgia, Estonia, China, India and Egypt were the most aggressive last year in adopting pro-business reforms. Their reforms include making it easier for entrepreneurs to open a company or fire under-performing workers.”

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