Publication:
Lessons from CBC Business Environment Surveys 1999, 2001, 2003

Loading...
Thumbnail Image
Files in English
English PDF (56.13 KB)
149 downloads
Date
2003
ISSN
Published
2003
Editor(s)
Abstract
A series of surveys of private sector views on the business climate conducted by the Commonwealth Business Council (CBC) found that predictability and simplicity of regulation is a priority for investors. Foreign investors especially would rather see a good business environment than elaborate incentives. The report recommends pro-active strategies that engage the government and those actors actually taking investment decisions, and that include concrete recommendations and implementation procedures. This approach can make a real difference in investors� perception and consequently on FDI flows.
Link to Data Set
Citation
Mackinnon, Gregor. 2003. Lessons from CBC Business Environment Surveys 1999, 2001, 2003. © World Bank. http://hdl.handle.net/10986/9155 License: CC BY 3.0 IGO.
Associated content
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue

Related items

Showing items related by metadata.

  • Publication
    Case Study : Inspectorate Reform in Latvia 1999-2003
    (Washington, DC: World Bank, 2003) Coolidge, Jacqueline; Grava, Lars; Putnina, Sanda
    This background paper reviews the reform of the state inspections system in Latvia from 1999 through 2003. The aim is to illuminate the political and institutional reform elements and the intricate day-to-day management of such public sector reform endeavors, and highlight the mechanisms and management tools that are transferable and could be applied to similar reform efforts elsewhere.
  • Publication
    Lessons for Development from London Business School's Centre for New and Emerging Markets (CNEM) Research Project 'Investment in Emerging Markets'
    (Washington, DC: World Bank, 2003) Estrin, Saul; Meyer, Klaus
    The nature of a country's institutional and policy environment, especially the quality of the legal framework and the predictability of government policy, is critical for attracting foreign direct investment (FDI). FDI is also affected by the quality of locally available resources, notably human capital, supplier industries and infrastructure. Policymakers should not look to FDI primarily as a source of employment creation: the main benefits instead derive from spillovers that improve competitiveness. Policies aimed at enhancing competitiveness of local firms also make an industry more attractive for foreign investors.
  • Publication
    The Importance of the Enabling Environment for Business and Economic Growth : A 10 Country Comparison of Central Europe and Africa
    (World Bank, 2003) Bannock, Graham; Gamser, Matthew; Juhlin, Mariell
    Comparison of the measures adopted to improve the environment for private sector development in Central Europe and Sub-Saharan Africa indicates that these measures can make a real difference to economic performance. Policies should be implemented in consultation with the private sector and should be concerned with removing obstacles so that the private sector can help itself rather than with providing financial or business support. Measures taken should include the reduction of barriers to formal sector activity by establishing clear property rights and minimizing the regulatory costs of doing business. Such measures will reduce the size of the informal sector while promoting growth. A strong lead Ministry with a clearly defined role for promoting private sector development is needed.
  • Publication
    Improving the Business Trade Licensing Reform Environment
    (Washington, DC: World Bank, 2003) Gamser, Matthew
    This case study of Kenyan business trade licensing shows that red-tape costs can be cut if reform is championed strongly and there is a strong case in terms of costs and benefits. The reform of business registration, trade licensing and other business entry procedures is a cost effective and progressive way to promote indigenous private sector development. But, reform needs more than good cost-benefit analysis and legal drafting; it also requires building constituencies and continuous advocacy.
  • Publication
    Some Lessons from the CUTS 7-Up Comparative Competitive Policy Project
    (Washington, DC: World Bank, 2003) Holmes, Peter
    Competition policy and competition authorities in developing countries can be effective, but the existence of an agency and a law is not sufficient for success. Effectiveness depends in large measure on the energy of the competition authorities and requires at least passive support of the State, including an adequate budget. The cases researched in this study suggest that foreign investors respect credible competition authorities, and that competition policy should not be seen as an additional bureaucratic burden.

Users also downloaded

Showing related downloaded files

  • Publication
    Argentina Country Climate and Development Report
    (World Bank, Washington, DC, 2022-11) World Bank Group
    The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.
  • Publication
    World Development Report 2006
    (Washington, DC, 2005) World Bank
    This year’s Word Development Report (WDR), the twenty-eighth, looks at the role of equity in the development process. It defines equity in terms of two basic principles. The first is equal opportunities: that a person’s chances in life should be determined by his or her talents and efforts, rather than by pre-determined circumstances such as race, gender, social or family background. The second principle is the avoidance of extreme deprivation in outcomes, particularly in health, education and consumption levels. This principle thus includes the objective of poverty reduction. The report’s main message is that, in the long run, the pursuit of equity and the pursuit of economic prosperity are complementary. In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Development Indicators 2005‹an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.
  • Publication
    Classroom Assessment to Support Foundational Literacy
    (Washington, DC: World Bank, 2025-03-21) Luna-Bazaldua, Diego; Levin, Victoria; Liberman, Julia; Gala, Priyal Mukesh
    This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.
  • Publication
    MIGA Annual Report 2021
    (Washington, DC: Multilateral Investment Guarantee Agency, 2021-10-01) Multilateral Investment Guarantee Agency
    In FY21, MIGA issued 5.2 billion US Dollars in new guarantees across 40 projects. These projects are expected to provide 784,000 people with new or improved electricity service, create over 14,000 jobs, generate over 362 million US Dollars in taxes for the host countries, and enable about 1.3 billion US Dollars in loans to businesses—critical as countries around the world work to keep their economies afloat. Of the 40 projects supported during FY21, 85 percent addressed at least one of the strategic priority areas, namely, IDA-eligible countries (lower-income), fragile and conflict affected situations (FCS), and climate finance. As of June 2021, MIGA has also issued 5.6 billion US Dollars of guarantees through our COVID-19 Response Program and anticipate an expansion to 10–12 billion US Dollars over the coming years, a testament to the countercyclical role that MIGA can play in mobilizing private investment in the face of the pandemic. A member of the World Bank Group, MIGA is committed to strong development impact and promoting projects that are economically, environmentally, and socially sustainable. MIGA helps investors mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war and civil disturbance, as well as offering credit enhancement on sovereign obligations.
  • Publication
    Lebanon Economic Monitor, Fall 2022
    (Washington, DC, 2022-11) World Bank
    The economy continues to contract, albeit at a somewhat slower pace. Public finances improved in 2021, but only because spending collapsed faster than revenue generation. Testament to the continued atrophy of Lebanon’s economy, the Lebanese Pound continues to depreciate sharply. The sharp deterioration in the currency continues to drive surging inflation, in triple digits since July 2020, impacting the poor and vulnerable the most. An unprecedented institutional vacuum will likely further delay any agreement on crisis resolution and much needed reforms; this includes prior actions as part of the April 2022 International Monetary Fund (IMF) staff-level agreement (SLA). Divergent views among key stakeholders on how to distribute the financial losses remains the main bottleneck for reaching an agreement on a comprehensive reform agenda. Lebanon needs to urgently adopt a domestic, equitable, and comprehensive solution that is predicated on: (i) addressing upfront the balance sheet impairments, (ii) restoring liquidity, and (iii) adhering to sound global practices of bail-in solutions based on a hierarchy of creditors (starting with banks’ shareholders) that protects small depositors.