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It Is Becoming Easier To Do Business In Mongolia

From Mongolia Today:

Mongolia is continuing its positive run in world indices and rankings with the release of the WorldBank's "Ease of Doing Business" ranking, moving from 88 to 76.

This comes on the heels of an Economist prediction that Mongolia's economy will have the fastest growing GDP again in 2013.

In November, Mongolia moved up 26 spots in Transparency International's Corruption Perception Index. Next up: Freedom House's "Freedom in the World Index" on January 16.

Now, Mongolia in the "Ease of Doing Business" ranking.

Mongolia is ranked 76th now, compared to its 2012 ranking of 88.

This is a trend that we are seeing in many emerging and frontier markets. Unfortunately we are seeing the exact opposite in the western democracies as they become more statist and bureaucratically sclerotic. For my money I would prefer to be invested in places that are trying to attract capital instead of driving it away.