by Jim Rose in economics of bureaucracy, economics of crime, economics of regulation, industrial organisation, labour economics, law and economics, property rights, Public Choice, rentseeking Tags: cost of doing business, Euroland, Greece, Russia, sovereign defaults, transitional economies, World Bank

Figure 1: Greek and Russian Doing Business sub-rankings, 2015

Source: World Bank Doing Business 2015 .

As long as you’re not in a construction or export business, and don’t mind waiting for your electricity, it’s better to do business in Russia than in Greece! The main difference between Russia and Greece is its membership of the European Union makes it easy to export?

In Russia, it’s easier to start a business, register property and enforce contracts than it is in Greece!