Reforming the Investment Climate : Lessons for Practitioners

Drawing from more than 25 case studies, this book shows that reform often requires paying as much attention to dealing with the politics and institutional dimensions as to designing policy substance. While there is no single recipe or manual for reform, the authors highlight three broad lessons. The first is to recognize and seize opportunities for reform. Crisis and new governments are important catalysts, but so is the competition generated by trade integration and new benchmarking information. The second is to invest early in the politics of reform. Public education can help gain wide acceptance for reform, while pilot programs can be valuable for demonstrating the benefits and feasibility of change. And the third is to treat implementation and monitoring as an integral part of the reform process and not merely as an afterthought. In the absence of public sector reform, reformers can draw on private sector change management techniques to revitalize institutions and put in place mechanisms to monitor and sustain reform. The book provides an emerging checklist for reformers and identifies areas for future work.

Bibliographic Details

Main Authors:	Kikeri, Sunita, Kenyon, Thomas, Palmade, Vincent
Language:	English en_US
Published:	Washington, DC: World Bank and IFC 2006
Subjects:	ADVERSE EFFECTS, BARRIERS TO ENTRY, BENCHMARK, BENCHMARKING, BUREAUCRACIES, BUREAUCRACY, BUREAUCRATS, BUSINESS ASSOCIATIONS, CAPITAL MARKETS, CHANGE MANAGEMENT, COLLECTIVE ACTION, COMPANY LAW, COMPETITION POLICY, COMPETITIVENESS, CONSUMER GROUPS, CONTRACT ENFORCEMENT, DECENTRALIZATION, DECISION-MAKING, DEMOCRATIC COUNTRIES, DEREGULATION, ECONOMIC COOPERATION, ECONOMIC OUTLOOK, ECONOMIC PERFORMANCE, ENTERPRISE LAW, ENTERPRISE REFORM, EXECUTIVES, EXPORTS, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL SECTOR, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, GDP, INEFFICIENCY, INVESTMENT CLIMATE, INVESTMENT CLIMATE ISSUES, INVESTMENT CLIMATE REFORM, INVESTMENT INCENTIVES, JURISDICTION, LATIN AMERICAN, LEARNING, LEGISLATION, LESS DEVELOPED COUNTRIES, LITERACY, MACROECONOMIC STABILIZATION, MANAGEMENT TECHNIQUES, MEDIA, ORGANIZATIONAL CHANGE, POLITICAL ECONOMY, POLITICAL LEADERSHIP, POLITICAL PARTIES, POLITICAL PROCESS, POLITICAL SYSTEMS, PRODUCT MARKETS, PROGRAMS, PROPERTY RIGHTS, PUBLIC OFFICIALS, REAL INTEREST RATES, REFORM PROCESS, REFORM PROCESSES, REFORMS, REGULATORY REFORM, REGULATORY RULES, RETURN ON INVESTMENTS, SEVERANCE PAYMENTS, SOCIAL PROTECTION, TELECOMMUNICATIONS, TELECOMS, TRADE LIBERALIZATION, TRADE REFORMS, TRANSPARENCY, UNDERDEVELOPMENT, UNEMPLOYMENT, VALUATION, VOTERS, WAR,
Online Access:	http://documents.worldbank.org/curated/en/2006/06/7020861/reforming-investment-climate-lessons-practitioners https://hdl.handle.net/10986/7096
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