“Regulation Slows Business” examines how government regulations impact economic growth, particularly for small and medium-sized enterprises. The book uses data-driven analysis to explore the relationship between the regulatory burden and economic performance, arguing that excessive regulations hinder economic dynamism. For example, the book highlights how burdensome regulations can increase the costs of starting a business and divert resources from productive activities.
The book relies heavily on the World Bank's Ease of Doing Business index to compare regulatory environments across countries. By analyzing various aspects of regulation, such as dealing with construction permits, paying taxes, and trading across borders, the book demonstrates how different regulatory policies impact business activity. It emphasizes that while some regulation is necessary for consumer protection and fair competition, overregulation can stifle innovation and productivity.
The book is structured to introduce core concepts and then delve into specific regulatory areas, concluding with policy recommendations for streamlining regulations and fostering a more business-friendly environment. This approach makes the book valuable for policymakers, business leaders, and anyone interested in understanding the complex interplay between regulation, economics, and politics.
