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Technically, regulations aren't the bureaucracy. The bureaucracy enforces regulations, but they don't control them. This can make a huge difference. The bureaucracy can often have a great deal of leeway in how they apply regulations. The World Bank Group has an annual report comparing countries by ease of doing business. This year, the top 5 were Singapore, New Zealand, Hong Kong, Denmark, and South Korea, in that order. http://www.doingbusiness.org/reports/global-reports/doing-business-2015