In the U.S., we take it for granted that starting a business should be quick and simple. But abroad, it can be mind-numbingly complex--and that's one reason why economists often use the number of days it takes to start a business to gauge a country's entrepreneurial competitiveness, its prevalence of red tape, and its straight-up corruption. (Since corruption often starts when there's more red tape--and more opportunities for bribes.)
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Author: Cliff Kuang