African economies can overtake Switzerland

When battling with jet-lag most people take sleeping pills, watch TV, or toss and turn in bed. Economists, however, put their sleepless nights to better use. The IFC’s Chief Economist, Michael Klein, tinkered with the Doing Business database in the middle of a sleepless night in Johannesburg and created a hypothetical African country which adopted the best African practice on each of the Doing Business indicators. (For example, he borrowed Botswana’s credit policies, the hiring and firing practices of Uganda and Mauritius’ tax system...). The result was a country that would rank 15th on the overall ease of Doing Business. So, Africans, learn from your neighbors and Switzerland will soon be behind you.