Page 16 - The South China Business Journal
P. 16
C. TODAY
World Bank Aims
to Hone Business
Environment for
the Digital Age
“ By U.S. Chamber of Commerce
The World Bank As the global economy begins to recover from
iscreating a the pandemic and the shock of the war in
new tool to help Ukraine, many businesses in the U.S. and abroad
policy ma kers a nd are experiencing strong headwinds. We heard
investors eva lua te serious concerns from business leaders and
how successful politicians all through the Chamber’s Global Forum
different on May 10-11, 2022. Governments everywhere
governments are crafting responses to multiple overlapping
are in meeting challenges and trying to align their actions with the
the challenges longer-term trends like the green transition and
of recovery and digital inclusion. Spurred on by these challenges,
competitiveness. the worrying trend of global market fragmentation
is creating obstacles to the cross-border flow of
” capital, goods, services, ideas, and technologies as
countries increasingly form economic blocs.
13 AMCHAM SOUTH CHINA
Fortunately, the World Bank has a new tool, the
Business Enabling Environment Report, that will
help policymakers and investors evaluate and
compare how successful different governments
are in meeting the challenges of recovery and
competitiveness. The new report will assess the
business environment by looking at three factors:
promoting economic growth through innovation
and entrepreneurship; increasing equality of
opportunities among market participants; and
ensuring the general sustainability of the economy
in the long term.
World Bank Aims
to Hone Business
Environment for
the Digital Age
“ By U.S. Chamber of Commerce
The World Bank As the global economy begins to recover from
iscreating a the pandemic and the shock of the war in
new tool to help Ukraine, many businesses in the U.S. and abroad
policy ma kers a nd are experiencing strong headwinds. We heard
investors eva lua te serious concerns from business leaders and
how successful politicians all through the Chamber’s Global Forum
different on May 10-11, 2022. Governments everywhere
governments are crafting responses to multiple overlapping
are in meeting challenges and trying to align their actions with the
the challenges longer-term trends like the green transition and
of recovery and digital inclusion. Spurred on by these challenges,
competitiveness. the worrying trend of global market fragmentation
is creating obstacles to the cross-border flow of
” capital, goods, services, ideas, and technologies as
countries increasingly form economic blocs.
13 AMCHAM SOUTH CHINA
Fortunately, the World Bank has a new tool, the
Business Enabling Environment Report, that will
help policymakers and investors evaluate and
compare how successful different governments
are in meeting the challenges of recovery and
competitiveness. The new report will assess the
business environment by looking at three factors:
promoting economic growth through innovation
and entrepreneurship; increasing equality of
opportunities among market participants; and
ensuring the general sustainability of the economy
in the long term.
