The best international assessment of the rigidity or fluency of countries’ regulatory systems is the World Bank’s annual “Doing Business” rankings, which measure how easy it is to start a business, pay taxes, enforce contracts, get connected to electricity and information technology, acquire land and so forth. In other words, how easy it is to do business. The top-ranking countries are not laisser-faire, free-for-all capitalist wonderlands but are simply efficient. They are New Zealand, Singapore, Denmark and South Korea.
