2017 4th Quarter International Trade Council Global Business Confidence Survey
The Global Business Confidence Survey is designed to take the pulse of companies and sectors and reports on the conditions for businesses like yours. It offers valuable insights into trends of US and global business confidence by surveying people from across a broad spectrum of industries. The survey draws information from a range of sectors about current and historical business growth trends, efficiency, employment, regulation and other conditions affecting industry. Key users of statistical data include government agencies, trade bodies, chambers of commerce and academic researchers. This survey report was produced by the International Trade Council (http://www.tradecouncil.org | http://www.itcapproved.org).
The Global Business Confidence Survey is designed to take the pulse of companies and sectors and reports on the conditions for businesses like yours. It offers valuable insights into trends of US and global business confidence by surveying people from across a broad spectrum of industries. The survey draws information from a range of sectors about current and historical business growth trends, efficiency, employment, regulation and other conditions affecting industry.
Key users of statistical data include government agencies, trade bodies, chambers of commerce and academic researchers. This survey report was produced by the International Trade Council (http://www.tradecouncil.org | http://www.itcapproved.org).
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GLOBAL BUSINESS CONFIDENCE REPORT<br />
4 th Qtr. <strong>2017</strong><br />
Government Impact on <strong>Business</strong><br />
% of respondents reporting medium, medium-high or high level of importance by subject-matter<br />
65.84% of respondents reported that enforcement of existing rules and regulations was of a medium, mediumhigh<br />
or high level of concern to their organization. With 817 free-text responses, this was also the most<br />
commented-upon area of concern.<br />
Many respondents felt that existing and forthcoming rules and regulations were often in conflict with one another,<br />
and having redundant or conflicting rules and regulations created problems in the areas of risk management,<br />
compliance and cost control. Respondents also reported that rules and regulations were not equally applied to<br />
large and small businesses alike.<br />
Improving infrastructure, government services or public goods was predominantly a concern for those<br />
respondents in emerging markets - India (88.24%), Nepal (76.31%), Jordan (73.14%) and Pakistan (68.18%) while<br />
those in well-developed markets expressed the least concern. This is also true for those respondents who<br />
reported a desire for the government to assist in reducing the cost of borrowing by offering loans and/or loan<br />
guarantees and helping to provide access to new markets abroad through trade promotion activities.<br />
<strong>International</strong> <strong>Trade</strong> <strong>Council</strong> www.tradecouncil.org Page 14
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