World Bank Challenge
Problem
Companies often expand their businesses into new markets across the globe. The future of world economic development depends on the continued progress of emerging economies in Africa, Asia, and South America. Nations such as Brazil are moving from regional economic powerhouse to a global force. These countries represent important new opportunities for business around the world, but when and where to invest remains a complex decision.
Develop a visualization (or visualization tool) that contains useful information for companies wanting to set up in developing economies, and suggests which countries certain businesses may prioritize.
Potentially relevant information for individual countries may include:
- The factors that impact setting up and operating businesses
- Market and potential labor force demographics
- The existing tax and trade landscape
Data
- The World Bank’s Doing Business database provides objective measures of business regulations and their enforcement across 185 economies:
http://data.worldbank.org/data-catalog/doing-business-database - The World Development Indicators contain global development data on relevant topics including education, healthcare, the private sector, trade and science & technology.
http://data.worldbank.org/data-catalog/world-development-indicators - The World Bank Data Catalog contains over 100 potentially relevant datasets including data on commodities, infrastructure, migration & remittances, governance, demographic projections and climate change.
http://datacatalog.worldbank.org/
Example
The Doing Business Report provide 10 indicators for each country. In addition to detailed data, this visualization shows the relative rank of a country by indicator (with the highest ranked country at the top) to offer a quick perspective of relative ease of doing business in that country:
Click image to see full size
From page 61 of the Doing Business in East Africa Community Report.
