He does not call it that, of course, but in the new Journal of Economic Perspectives, Christian Thimann writes,
widespread structural barriers make job creation in these countries far more arduous than in many other advanced economies, and even more arduous than in some key emerging economies and formerly planned economies. Structural barriers to private sector development are particularly widespread in the areas of labor market functioning, goods market functioning, and government regulation. Evidence from the World Economic Forum’s Global Competitiveness Index and the World Bank’s “Doing Business” dataset confirms the immense size and persistence of these barriers, despite improvements in some countries in recent years.