This document summarizes key findings from the Doing Business 2014 report about the business environment in Fiji. It finds that Fiji ranks 99th out of 189 economies in terms of ease of doing business. Starting a business is particularly difficult, requiring 11 procedures over 59 days and costing 23.1% of income per capita. Protecting investors is a relative strength for Fiji, with better rankings than countries like Austria and Australia. The document also notes limitations of the Doing Business report and recommends reforms like improving indicator selection and construction and dropping the overall rankings.

1. Doing Business Report- Fiji
Aniruddha Kolekar S11109999
MBA434 TRIMESTER 3 2014
South Pacific Business Environment
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2. Contents
A. INTRODUCTION
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B. KEY INDICATORS FOR FIJI
The business environment
Starting a business
Protecting investors
Paying taxes
Enforcing Contracts
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C. ANALYSIS OF REPORT
Limitations to the Report
Counterview
Conclusion
Recommendations
References
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3. Introduction
The ease of doing business index ranks economies from 1 to 189
These are percentile rankings on each of the 10 topics included in
the index in Doing Business 2014:
1. Starting a business
2. Dealing with construction permits
3. Getting electricity
4. Registering property
5. Getting credit
6. Protecting investors
7. Paying taxes
8. Trading across borders
9. Enforcing contracts
10. Resolving insolvency.
Note-: The Employing Workers indicators are not included in this year’s aggregate
ease of doing business ranking.
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Doing Business 2014

4. Introduction
Fiji Fact Sheet
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5. The business environment
1-EaseofdoingBusiness-Overall
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6. The business environment
1-EaseofdoingBusiness-MajorEconomicView
Source: The World Bank and International Finance Corporation, Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises
(released 29 October 2013); Austrade
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7. The business environment
2-FijiRankingonDoingBusinessKeyIndicators
Highlights-:
Resolving Insolvency Tops the list
Investor protection is better than Austria (98),Australia (68)
Starting a business is pain !!!
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8. Starting a Business
1-Whatittakes?
Highlights-:
1. Requires 11 procedures
2. Takes 59.0 days
3. Costs 23.1% of income per capita
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9. Starting a Business
2-DidReformsHelped?
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10. Starting a Business
3-WhatisGlobalGoodPractice?
10
New Zealand
Australia
Canada
Singapore
Macedonia FYR
Hong Kong SAR, China
Georgia
Rwanda
Belarus
Ireland
No or minimal minimum capital requirement
Standardized forms
No courts involved
Fixed registration fee
No publication in legal journal required
10
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11. Protecting Investors
1-WheredoesFijistand?
1111
Highlights-:
1. Best ranking among all indicators
2. Better in Region
3. Indicates Govt. Policies
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12. Paying Taxes
1-Current Position
1212
Highlights-:
1. On average, firms make 38 tax payments a year
2. Spend 185 hours a year filing, preparing and paying taxes
3. Pay total taxes amounting to 31.2% of profit
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13. Paying Taxes
2-MoreInsight!
1313
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14. Enforcing Contracts
1-Current Position
1414
Highlights-:
1. Contract enforcement takes 397 days
2. Costs 38.9% of the value of the claim
3. Requires 34 procedures
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15. 1515
1. The collected data refer to only businesses in the economy’s
largest business city.
2. The data often focus on a specific business form generally a
limited liability company.
3. Transactions described to a specific set of issues and may not
represent the full set of issues a business encounters.
4. The measures of time involve an element of judgment by
the expert respondents.
5. The methodology assumes that a business has full information
on what is required and does not waste time when completing
procedures
Doing Business Report
Limitations
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16. Doing Business Report
ACounterview!
………………………………….World Bank that says the 'Doing
Business' index should be overhauled. Using the index
components to get an understanding of the business
environment is the proposed alternative. “The Doing Business
report has the potential to be misinterpreted,” says an
independent panel of the World Bank.
“It should not be viewed as providing a one-size-fits-all
template for development…The evidence in favor of specific
country reforms is contingent on many auxiliary factors not
captured by Doing Business report topics,” the paper specified.
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17. Doing Business Report
Conclusion
1. The indicators document the complexity of regulation, such as
the number of procedures to start a business or to register and
transfer commercial property.
2. They gauge the time and cost to achieve a regulatory goal or
comply with regulation
3. They measure the extent of legal protections of property, for
example, the protections of investors against looting by
company directors
4. A set of indicators documents the tax burden on businesses
5. A set of data covers different aspects of employment
regulation
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18. Doing Business Report
Recommendations
1. Mandate and Alignment with other knowledge products
What world bank wants to achieve by this report?
2. Selection and construction of indicators
Can one measure fit for all?
3. Ranking
Can create controversies and the bank can choose
individual indicator ranking and dropping overall ranking
4. Governance
Total reliance on report team can be harmful and bank
may consider third party review of the team and reports
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19. Doing Business Report
References
1. Youtube- World bank surveys
2. Doing Business Report Review Panel-World Bank
3. Doing Business-Australia Report
4. Wikipedia.com
5. IMF website
6. FIRCA website-Fiji Factsheet
7. Linked In Group-GGP in surveys
8. Slideshare.com- Economic survey indicators
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