The Impact of Business Openness on Economic and Social Development

Abstract

This article examines how the ease of doing business can affect economic and social development in a sample of 60 countries between 2011 and 2023. The case of the BRICS group of countries is analysed separately. Models of GDP and quality of life as a function of factors reflecting the ease of doing business are built in programs such as RStudio and Stata. The results show that openness of business has a positive life with economic and social aspects of different countries.