Extension of Indicators for the Business Insolvency Topic of the Business Enabling Environment Project by the World Bank Group

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Yury Yr’evich Karaleu
Yury Yr’evich Karaleu
1 School of Business of Belarusian State University

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Changing geopolitical realities in recent years reveal significant challenges and shortcomings in the global system that had led the world to its present parlous state and has accentuated national social and societal concerns. An important issue that requires a response from national Governments in many countries, as well as more social research, is the protection of workers’ claims in case of insolvency. This issue has multiple aspects, such as legislative regulation of bankruptcy (insolvency) and restructuring, and the creation of guarantee institutions that should be designed to protect employees’ claims. It also suggests information support of former employees and fosters their mobility territorial coordination, and internationalization, shares of labor market information, recognition of formal, informal and non-formal education and training, social dialogue, etc. In this article, we concentrate on the methodology of a new Business Enabling Environment rating projected by the World Bank Group and analyze the methodology of it, trying to determine if the issue mentioned above, as well as the protection of workers’ rights and human social interests of society at large, have been reflected in the concept of the project.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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Yury Yr’evich Karaleu. 2026. \u201cExtension of Indicators for the Business Insolvency Topic of the Business Enabling Environment Project by the World Bank Group\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 22 (GJHSS Volume 22 Issue E6): .

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Enhance your understanding of business vulnerability and indicators for better environment management.
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GJHSS Volume 22 Issue E6
Pg. 27- 35
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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: DDC Code: 346.41078 LCC Code: KD2139
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v1.2

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September 7, 2022

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Changing geopolitical realities in recent years reveal significant challenges and shortcomings in the global system that had led the world to its present parlous state and has accentuated national social and societal concerns. An important issue that requires a response from national Governments in many countries, as well as more social research, is the protection of workers’ claims in case of insolvency. This issue has multiple aspects, such as legislative regulation of bankruptcy (insolvency) and restructuring, and the creation of guarantee institutions that should be designed to protect employees’ claims. It also suggests information support of former employees and fosters their mobility territorial coordination, and internationalization, shares of labor market information, recognition of formal, informal and non-formal education and training, social dialogue, etc. In this article, we concentrate on the methodology of a new Business Enabling Environment rating projected by the World Bank Group and analyze the methodology of it, trying to determine if the issue mentioned above, as well as the protection of workers’ rights and human social interests of society at large, have been reflected in the concept of the project.

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Extension of Indicators for the Business Insolvency Topic of the Business Enabling Environment Project by the World Bank Group

Yury Yr’evich Karaleu
Yury Yr’evich Karaleu School of Business of Belarusian State University

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