{"id":136053,"date":"2021-09-22T18:41:12","date_gmt":"2021-09-22T13:11:12","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=136053"},"modified":"2021-09-25T15:28:15","modified_gmt":"2021-09-25T09:58:15","slug":"the-doing-better-syndrome-and-our-prisoners-dilemma-on-wb-ending-the-eodb-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/the-doing-better-syndrome-and-our-prisoners-dilemma-on-wb-ending-the-eodb-report\/","title":{"rendered":"The doing-better syndrome and our prisoner\u2019s dilemma: On WB ending the EoDB report"},"content":{"rendered":"\n<h5><strong>What is the news?<\/strong><\/h5>\n<p>Doing Business\u2019 report, was recently junked by the World Bank.<\/p>\n<p>The author welcomes the move, stating that we celebrated improvements in such rankings without quite understanding the underlying methodology or the impact such rankings had on the lives of a larger group of stakeholders.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Must Read<\/strong>: <span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/the-end-of-the-doing-business-rankings-explained-pointwise\/\" target=\"_blank\" rel=\"noopener\">The end of Doing Business report &#8211; Explained, pointwise<\/a><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><strong>What are some positive outcomes of Doing Business rankings for India?<\/strong><\/h5>\n<p><strong>Reforms initiated<\/strong>: Inspired by the \u2018Doing Business\u2019 rankings, the Indian government initiated improvements at the level of Indian states and Union territories (UTs) as well.<\/p>\n<p>In 2014, based on the 10 business topics tracked and monitored by the World Bank\u2019s report, the Centre came up with a <strong>Business Reform Action Plan (BRAP)<\/strong> for Indian states and UTs.<\/p>\n<p>The implementation of these rankings and the Ease of Doing reforms by those administrative units has been linked to <strong>additional borrowing permissions<\/strong> for states, apart from other benefits.<\/p>\n<h5><strong>Why we should not focus excessively on rankings?<\/strong><\/h5>\n<p>An excessive focus on rankings can result in the following negative outcomes:<\/p>\n<p><strong>Sub-optimal strategies<\/strong>: It can cause developing countries to choose sub-optimal strategies, with their adverse fiscal and welfare implications. These are strategies that devote little attention to improving social equity and addressing ecological concerns.<\/p>\n<p><strong>A one-size-fits-all approach<\/strong>: Ratings and rankings, in general, promote a certain uniform metric of success, one which may not be in line with the specific needs of individual countries or even institutions.<\/p>\n<p><strong>Source<\/strong>: This post is based on the article \u201c<strong>The doing-better syndrome and our prisoner\u2019s dilemma<\/strong>\u201d published in <strong>Livemint<\/strong> on <strong>22nd Sep 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the news? Doing Business\u2019 report, was recently junked by the World Bank. The author welcomes the move, stating that we celebrated improvements in such rankings without quite understanding the underlying methodology or the impact such rankings had on the lives of a larger group of stakeholders. Must Read: The end of Doing Business&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/the-doing-better-syndrome-and-our-prisoners-dilemma-on-wb-ending-the-eodb-report\/\">Continue reading <span class=\"screen-reader-text\">The doing-better syndrome and our prisoner\u2019s dilemma: On WB ending the EoDB report<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[9785,8240,9911],"class_list":["post-136053","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-criminal-justice","tag-prison-reforms","tag-prisoners-rights","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704564006},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/136053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=136053"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/136053\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=136053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=136053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=136053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}