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Jun 12

Measuring the Business Climate and Promoting Entrepreneurship: A Comparison of Four Ranking Systems

Location: The Heritage Foundation's Allison Auditorium

The Business Growth Initiative (BGI) project of USAID and The Heritage Foundation are pleased to host a forum featuring panelists from the World Bank's Doing Business, the World Economic Forum's Global Competitiveness, The Heritage Foundation's Index of Economic Freedom and the Global Entreprenurial Research Associations's Global Entrepreneurship Monitor.

Economic research has empirically demonstrated that a positive business environment fosters enterprise development and overall economic growth.  Determining what constitutes a positive business environment depends widely on factors often outside the influence of the average business owner.  The wide range of factors affecting business environments includes commercial law, sound public institutions, open trade policy, infrastructure, technology and others.

International organizations, non-governmental organizations, think tanks and private businesses have developed methodologies and ranking systems for evaluating business environments across countries.  Each ranking uses a unique approach and definition of what constitutes an enabling business environment.  The forum will enable the various presenters and audience members to discuss similarities and differences in four international ranking systems and explore how the rankings may be used together in promoting enterprise development projects and overall economic growth.

More About the Speakers

WELCOMING REMARKS   (9:30 a.m.)

Ambassador Terry Miller
Director,
Center for International Trade and Economics,
The Heritage Foundation

KEYNOTE ADDRESS - "The Use of Business Climate Ranking Systems to Promote Reform"

The Honorable Jacqueline Schaefer
Assistant Administrator,
Bureau of Economic Growth, Agriculture and Trade (EGAT),
U.S. Agency for International Development

INTRODUCTION OF PRESENTERS

Steve Silcox
Senior Enterprise Development Advisor,
USAID/EGAT/EG

PRESENTATION OF BUSINESS ENVIRONMENT RANKING METHODOLOGIES AND REPORTS   (10:00 a.m.)

Svetlana Bagaudinova
Private Sector Development Specialist,
Doing Business,
The World Bank 

Margareta Drzeniek Hanouz
Senior Economist,
The World Economic Forum

Anthony Kim
Policy Analyst,
Center for International Trade and Economics,
The Heritage Foundation

Elaine Allen
Research Director of the Arthur M. Blank Center for Entrepreneurship,
Babson College

DISCUSSION COMPARING THE FOUR RANKING SYSTEMS   (11:00 a.m.)

Don Snodgrass
Senior Enterprise Development Research Advisor,
Business Growth Initiative

Wade Channell
Senior Trade Law Advisor,
USAID/EGAT/EG