Economic Development Indices Questions
The Ease of Doing Business Index (EDBI) is a measure developed by the World Bank Group that assesses the regulatory environment and business climate in different countries. It provides a quantitative ranking of economies based on various indicators, such as starting a business, getting credit, protecting investors, paying taxes, and enforcing contracts. The EDBI aims to evaluate how easy or difficult it is for businesses to operate and thrive in a particular country, thereby providing insights into the overall business-friendly environment and promoting economic development.