Compare Brazil, Ghana, India, New Zealand, the United States, and Turkey in terms of how easily contracts are enforced.

Many legal, economic, and political issues affect the ability to launch and manage businesses in various countries. Some countries’ liberal regulations and advanced infrastructures allow enterprises to maximise their potential for longevity and operational efficiency (Wetherly 2016,). However, many countries are restricted by their laws and have poor infrastructures which can hinder manufacturing and mobility.
This component analyzes how much time and money enterprises spend to resolve commercial disputes relating to contracts. Ghana has a higher level of contract enforcement than the subsaharan African average. The contract enforcement procedure in Ghana is completed within 719 working days. In Ghana, parties pay approximately $5,000 in legal fees. (World Bank, 2020). Ghana, however, has lower levels of contract investment than Brazil. Brazil’s complex legal system and contract laws allow investors to collaborate and solve contract issues peacefully. Brazil ranks 58th in the world for enforcing commercial ties. India has the worst contract enforcement laws. It takes at most 1,445 working days to resolve contract disputes. Also, the value of a claim is only 31%. Investors in India are therefore subject to severe legal obstacles when it comes to contract enforcement. Due to their relative ease in contract enforcement, New Zealand, Turkey and the United States make excellent places to invest. Governments have created legal frameworks to ensure investment parties follow their contracts. New Zealand, Turkey and the United States are respectively ranked 23rd, 24th and 17th in terms of best nationalities for doing business.
This component assesses how long it takes to register property and the prices that investors pay. Contrary to the developing countries, most wealthy countries have simple and easy property registration systems. Ghana ranks 111th in the world for company registration. This means that it is difficult to establish a business there. It takes about 33 days to register a Ghana property. Registering a company in India and Brazil is more complicated than it is in Ghana. Investors are subject to more delays and incur more expenses. According to the World Bank, India is 154th and Brazil is 133rd in terms of effectiveness of property registration. India is a country where property registration takes about 58 days. It also requires 99 procedures. New Zealand’s property registration system is among the most advanced and efficient in the world, according to the World Bank (2020). It is second for ease of registration. To register property in New Zealand, it takes approximately four days. There are two steps. Therefore, investors from abroad may be able to establish business in New Zealand. Turkey and the United States both have less strict requirements regarding property registration. Property registration is easy in the United States and Turkey, where they are respectively ranked 39th (and 27th)

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