China’s contested placement from 85th to 78th in the World Bank’s 2018 Doing Business ranking gained a lot of attention throughout the fall months of 2021 as news outlets highlighted how networks and net worth can be leveraged to have the odds fall in one’s favor.
Speculations mounted as to who was involved and Kristalina Georgieva, the chief of the IMF, came under pressure for the suspicious data points. While some were quick to speak on Georgieva’s behalf (such as the former World Bank chief economist Joseph Stiglitz), and her name was eventually cleared, the Doing Business reports have lost their credibility and publication has been suspended.
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