Brazil Business Freedom Improving
The 2010 Index of Economic Freedom, published in late January, pointed to increased freedom in the ability to start, operate and close a business – but stated that the strict regulatory environment is impeding further growth (it takes, on average 218 days to create a company in Brazil compared to the world average of 35). Property rights, financial and monetary freedom were reportedly above the global average but the country received lower ratings for its fiscal and labor freedom analyses as well as its ability to move away from corruption.
