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By Kali Charan Bahl

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The European Union’s agricultural policies hobble the extension of the single market to its neighbors, (continued) 38 Questions Europe’s global leadership? Chapter 3 • Why is finance in emerging Europe different from other regions? • How did some European economies benefit more from international financial flows than others? • Is there evidence of a “debt overhang” in emerging Europe that reduces growth and justifies government intervention? Chapter 4 • What does Europe expect from its enterprises?

CorrupƟon 21% Tax administraƟon 40% 51% 24% Access to land 47 65% 37% Customs and Trade … 68% 59% 2011 Business licencing and … 69% 2008 30% Labor regulaƟons 52% Courts 71% 77% 35% 0% 20% 40% 60% 80% 100% Fig. 1 Regulatory obstacles to doing business (percentage of respondents indicating issue is NO obstacle) a 140 b 130 120 120 2008 104 2011 100 80 60 59 36 40 57 57 54 47 30 20 0 Electrical ConnecƟon Water ConstrucƟon ConnecƟon Related Permit Import License OperaƟng License 70 60 50 40 30 20 10 0 64 2008 49 2011 29 27 The court system is fair, imparƟal and uncorrupted 31 27 The court system is quick The court system is able to enforce its decisions Fig.

52 G. Kisunko and S. g. g. Cai et al. 2011; Cull and Xu 2005), Mexico (Bruhn 2011) and other nations. g. Yakovlev and Zhuravskaya 2007). Cross-regional variation in corruption and regulatory burden in Russia are potentially important factors in explaining differential performance in private sector development, income levels and growth rates. 8 The intended audiences of this note are policymakers and policy analysts in the NGO and academic communities who are interested in regulatory reform, corruption, and related aspects of the business environment in Russia.

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A Dictionary of Hindi Verbal Expressions by Kali Charan Bahl

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