EASY OF DOING BUSINESS AND GLOBALIZATION LINKAGES BETWEEN BOTH IN DEVELOPED MARKET ECONOMIES AND DEVELOPING COUNTRIES

Good business regulations enable the private sector to thrive and businesses to expand their transactions network. Striking the right balance in business regulation can be a challenge. It becomes an even greater challenge in a changing globalized world, where regulations must continually adapt to new realities. The aim of this article is to map, analyze and evaluate, by means of statistical analysis, the mutual relationships between globalization and easy of doing business in developed market economies and developing countries. The first part provides the methodology of measuring globalization using the composite Index of Globalization KOF 2012. The second part introduces the way of measuring doing business - Easy of Doing Business Index EDBI 2012. The third part compares indices and scores together, analyzes them, and confirms or refutes the empirical relationship between indexes. It is possible to conclude from the results that a statistically significant association between globalization and easy of doing business was demonstrated but only in the case of the developing countries. There are moderately correlated relationships between economic and social dimension of globalization and easy of doing business. The globalization is not statistically significantly correlated with doing business in the developed market economies.