Venezuela & Latin America Business & Political Environment
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The document analyzes business and political conditions in Latin American countries. It finds that Chile, Colombia, and Mexico have the best governance indicators and rankings for ease of doing business, while Venezuela has one of the worst business climates. Panama and Costa Rica have a relatively stable business environment but high costs related to taxes and labor laws. Chile is the highest ranked country for business, while Colombia has implemented reforms to improve access to credit and investor protections.
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![Spanish-speaking America: Chile, Costa Rica and Panama are the ones with better governance… Source: Kaufman, D., Kraay, A., and Mastruzzi, M., “2008: Governance Matters VII: World Governance Indicators 1996-2007; World Bank, 2008 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Worldwide Governance Indicators by the World Bank 83,1 69,5 56,7 46,8 42,7 41,7 13,0 0 25 50 75 100 Chile Costa Rica Panama México Latin America Colombia Venezuela 2007 2003 1998](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Venezuela & Latin America Business & Political Environment
- 3. World Bank Governance Indicators Source: Kaufman, D., Kraay, A., and Mastruzzi, M., “2008: Governance Matters VII: World Governance Indicators 1996-2007”; World Bank, 2008 Voice and Accountability 0 25 50 75 100 Chile Costa Rica Panama Mexico Latin America Colombia Venezuela Rule of Law 0 25 50 75 100 Political Stability 0 25 50 75 100 Regulatory Quality 0 25 50 75 100 Control of Corruption 0 25 50 75 100 Government Effectiveness 0 25 50 75 100 Chile Costa Rica Panama Mexico Latin America Colombia Venezuela Chile Costa Rica Panama Mexico Latin America Colombia Venezuela Chile Costa Rica Panama Mexico Latin America Colombia Venezuela Chile Costa Rica Panama Mexico Latin America Colombia Venezuela Chile Costa Rica Panama Mexico Latin America Colombia Venezuela
- 5. Chile: Doing Business Rank Region: Latin America & Caribbean Population: 16,594,596 Income category: Upper middle income GNI per capita (US$): 8,350.00 -11 101 112 Closing a Business 1 66 65 Enforcing Contracts -9 44 53 Trading Across Borders -4 37 41 Paying Taxes -5 33 38 Protecting Investors -7 61 68 Getting Credit -4 35 39 Registering Property -1 73 74 Employing Workers -2 60 62 Dealing with Construction Permits -13 42 55 Starting a Business -4 36 40 Doing Business Change Doing Business 2008 Doing Business 2009 Ease of...
- 6. Colombia: Doing Business Rank Region: Latin America & Caribbean Population: 46,117,464 Income category: Upper middle income GNI per capita (US$): 3,250.00 -2 28 30 Closing a Business 1 150 149 Enforcing Contracts 16 112 96 Trading Across Borders 28 169 141 Paying Taxes -5 19 24 Protecting Investors -8 51 59 Getting Credit -4 74 78 Registering Property 8 88 80 Employing Workers 8 62 54 Dealing with Construction Permits 12 91 79 Starting a Business 13 66 53 Doing Business Change Doing Business 2008 Doing Business 2009 Ease of...
- 7. Mexico: Doing Business Rank Region: Latin America & Caribbean Population: 105,280,515 Income category: Upper middle income GNI per capita (US$): 8,340.00 -1 22 23 Closing a Business -1 78 79 Enforcing Contracts -9 78 87 Trading Across Borders -7 142 149 Paying Taxes -5 33 38 Protecting Investors -8 51 59 Getting Credit -13 75 88 Registering Property -1 140 141 Employing Workers -4 29 33 Dealing with Construction Permits -36 79 115 Starting a Business -14 42 56 Doing Business Change Doing Business 2008 Doing Business 2009 Ease of...
- 8. Panama: Doing Business Rank Region: Latin America & Caribbean Population: 3,340,605 Income category: Upper middle income GNI per capita (US$): 5,510.00 5 77 72 Closing a Business 1 117 116 Enforcing Contracts 1 9 8 Trading Across Borders -3 171 172 Paying Taxes -3 101 104 Protecting Investors -3 25 28 Getting Credit -7 68 75 Registering Property 0 172 172 Employing Workers -3 70 73 Dealing with Construction Permits 3 35 32 Starting a Business -5 76 81 Doing Business Change Doing Business 2008 Doing Business 2009 Ease of...
- 9. Costa Rica: Doing Business Rank Region: Latin America & Caribbean Population: 4,462,193 Income category: Upper middle income GNI per capita (US$): 5,560.00 9 107 96 Closing a Business -1 131 132 Enforcing Contracts -12 82 94 Trading Across Borders 12 164 152 Paying Taxes -3 161 164 Protecting Investors -8 51 59 Getting Credit -3 42 45 Registering Property -1 76 77 Employing Workers -6 117 123 Dealing with Construction Permits -7 116 123 Starting a Business 1 118 117 Doing Business Change Doing Business 2008 Doing Business 2009 Ease of...
- 10. Venezuela: Doing Business Rank Region: Latin America & Caribbean Population: 27,467,021 Income category: Upper middle income GNI per capita (US$): 7,320.00 0 149 149 Closing a Business -1 70 71 Enforcing Contracts -1 163 164 Trading Across Borders 0 177 177 Paying Taxes -2 168 170 Protecting Investors -2 161 163 Getting Credit -8 84 92 Registering Property 0 180 180 Employing Workers -2 94 96 Dealing with Construction Permits -4 138 142 Starting a Business 1 175 174 Doing Business Change Doing Business 2008 Doing Business 2009 Ease of...