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29 September 2021

Out of Business

Tom Stevenson

On 16 September the World Bank discontinued its annual Doing Business report. It had been one of the Bank’s flagship publications: a detailed index of the conditions for businesses in different countries around the world, along with an eye-catching league table. Countries could improve their ranking by cutting red tape, strengthening investor rights or making labour more ‘flexible’ – the standard neoliberal reforms. Following the prescription rarely made places richer or more developed, but that didn’t seem to affect the report’s influence.