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Discussion3Econ2300

Discussion3Econ2300 - ECON 2300 Graded Discussion Three...

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ECON 2300 – Graded Discussion Three The “time required to start a business” is an important statistic in the field of international development. In lesser developed countries and countries with higher levels of government corruption, the tendency is that it takes longer to obtain necessary licenses and approvals to start a new business. This has a very negative impact on capitalism and development in these countries. According to the World Bank, the estimated time to start a business in 2007 in the U.S. was 6 days versus 694 days in Suriname. Another interesting international development measurement available on the World Bank website is the number of mobile cellular subscriptions per 100 persons. Intuitive thought would tell us this measurement would be lower for lesser developed countries. My daughter recently spent a semester abroad in Tanzania. She was often is a situation in which she did not have electricity, Internet access, plumbing or even clean drinking water. However, she always had cell phone access, even when “on safari” and while
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