Mexico in top 30% economies for ease of doing business
According to World Bank’s Doing Business 2010, Mexico is currently ranked within the top 30% countries where the regulatory environment is favorable for the operation of a business.
Doing Business 2010 is the seventh in a series of annual reports investigating the regulations that enhance business activity and those that constrain it across 183 economies.
In this report, which covers the period between June 2008 and May 2009, economies are ranked on their ease of doing business based on ten different topics: starting a business, dealing with construction permits, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business—as they apply to domestic small and medium-size enterprises.
From the 183 economies analyzed, Mexico ranks 51, which means that it is one of the top Latin American countries on the list and a much better place to run a business compared to various EU countries such as Spain (62), Italy (78) and Greece (108).
Mexico’s ranking is also 38 points better than China – the only BRIC country that ranks in the top 50% of the table.
In fact, all four BRIC countries are far behind Mexico and in evident need of reforms to make it easier for businesses to operate. These are the rankings for Ease of Doing Business of Mexico in comparison to BRIC:
Mexico – 51
China – 89
Russia – 120
Brazil – 129
India – 133
Figures do not lie, and once again they give evidence of what the real Mexico is all about: