El Opinador Compulsivo

Doing business in Latin America, la columna de Mary Anastasia O'Grady hoy:

The World Bank's annual "Doing Business" survey, released last week, demonstrates the point. The 2008 survey, which evaluates the regulatory climate for entrepreneurs in 178 countries, finds that Latin America and the Caribbean was the slowest reforming region this year and that it "is falling further behind other regions in the pace" of reform.

The average time it takes to start a business -- one of 10 factors measured -- in Latin America and the Caribbean is 68 days, longer than anywhere else. Compare that with the Organization for Economic Cooperation and Development, where business start-ups take less than 15 days. Other common problems in the region are weak minority-shareholder rights, slow legal regimes and punishing tax systems.

Yet as bad as the regional averages are, entrepreneurs in Venezuela probably view them with envy. When it comes to the ease of doing business Venezuela now ranks six places from the bottom world-wide, between Eritrea and Chad. It also finishes dead last among the region's 31 countries -- and that includes Haiti. In the category of "employing workers" Venezuela ties with Bolivia at No. 177. The authors note that it is "not possible" to fire a Venezuelan employee. "Starting a business" takes 141 days and in ease of "paying taxes" it ranks No. 174.