engleski

Atractiveness of Political-Legal Business Environment Sector in SEE and CEE Countries

Economic and social outcomes in each national economy are largely influenced by the conditions, which form the business environment within which companies operate. Political-legal business environment sector concerns shifts and changes in regulation and institutions that governments set as a framework for a business activity. Today entrepreneurial economy is regarded as means of solving both, growth and unemployment issues in modern societies. Therefore an attractive political-legal business environment sector is the one that enhances and not constrains entrepreneurial activity. Goal of this paper is to investigate how SEE and CEE countries compare in level of attractiveness of their political-legal business environment sector, and in reform efforts to improve it. Methodology is developed based on 14 indicators originally developed by World Bank in their Doing Business project. Scores are assigned according to the intensity of change of the researched parameters in order to obtain the rankings among SEE and CEE countries. Results show great diversity of reform efforts. Slovakia as leading reformer scored 32 and Czech Republic is second with a score of 17. Average CEE score is 16, which is 2, 5 times better than SEE average - 6. Croatia is at the bottom of the list with the reform effort score of 0.

business environment; SEEs; CEEs; political environment; legal environment

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