Since 2004, the World Bank's annual report Doing Business has identified more than 2,400 regulatory reforms that have proven to be effective in improving the environment for doing business in countries.
The report, which measured 230 regulatory jurisdictions in 2014, once again clearly showed that Latin America and the Caribbean constitute one of the regions of the world with the fewest regulatory reforms for improving the business environment.
For example, 65 of the 189 countries studied for the report require that builders obtain permission from the urban planning division before they can obtain a building permit, one process more that the others do not require. Most of these countries are in Central Asia (26 percent), and Latin America and the Caribbean (22 percent).
As well, Latin America...