Publication:
Reforming the Investment Climate : Lessons for Practitioners

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dc.contributor.authorKikeri, Sunita
dc.contributor.authorKenyon, Thomas
dc.contributor.authorPalmade, Vincent
dc.date.accessioned2012-06-18T21:09:14Z
dc.date.available2012-06-18T21:09:14Z
dc.date.issued2006-08
dc.description.abstractMost people agree that a good investment climate is essential for growth and poverty reduction. Less clear is how to achieve it. Many reforms are complex, involving more than technical design and content. They are both political, facing opposition from organized and powerful groups-and institutionally demanding, cutting across different departments and levels of government. Reform thus requires paying as much attention to understanding the politics and institutional dimensions as to policy substance, which is the goal of this paper. Drawing from more than 25 case studies, it shows that there is no single recipe or "manual" for reform, given diverse contexts and serendipity in any reform effort. But three broad lessons emerge. 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. Central to this process is using education and persuasion strategies to gain wider acceptance and neutralize opponents. Pilot programs can be valuable for demonstrating the benefits and feasibility of change. And the third is to pay greater attention to implementation and monitoring. This does not require full scale public management reforms. Reformers can draw on private sector change management techniques to revitalize public institutions responsible for implementation. Given the cross-cutting nature of reform, new oversight mechanisms may be needed to monitor and sustain reform. The paper concludes with an emerging checklist for reformers and identifies areas for future work.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/08/6969667/reforming-investment-climate-lessons-practitioners
dc.identifier.doi10.1596/1813-9450-3986
dc.identifier.urihttps://hdl.handle.net/10986/8365
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3986
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVERSE EFFECTS
dc.subjectADVOCACY EFFORTS
dc.subjectAPPROPRIATE INCENTIVES
dc.subjectBARRIERS TO ENTRY
dc.subjectBENCHMARK
dc.subjectBENCHMARKING
dc.subjectBLUEPRINT
dc.subjectBUREAUCRACIES
dc.subjectBUREAUCRACY
dc.subjectBUREAUCRATS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCATALYSTS
dc.subjectCHANGE MANAGEMENT
dc.subjectCITIZENS
dc.subjectCOMPETITION POLICY
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER GROUPS
dc.subjectDECENTRALIZATION
dc.subjectDECISIONMAKING
dc.subjectDEMOCRACY
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC STRUCTURE
dc.subjectEDUCATION SYSTEMS
dc.subjectENTERPRISE LAW
dc.subjectENTREPRENEURS
dc.subjectEXECUTIVES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL SECTOR
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL MECHANISMS
dc.subjectINTERNATIONAL AGREEMENTS
dc.subjectJURISDICTION
dc.subjectLABOR CODE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLACK OF INFORMATION
dc.subjectLEGISLATION
dc.subjectLEGISLATORS
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET ACCESS
dc.subjectMARKET INFORMATION
dc.subjectMARKET REFORM
dc.subjectMARKET REFORMS
dc.subjectMEDIA
dc.subjectMODERNIZATION
dc.subjectNATIONAL LEVEL
dc.subjectNATIONAL LEVELS
dc.subjectORGANIZATIONAL CHANGE
dc.subjectORGANIZATIONAL CULTURE
dc.subjectPOLICIES
dc.subjectPOLICY CHANGE
dc.subjectPOLICY DECISIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOLITICAL CHANGE
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL LEADERSHIP
dc.subjectPOLITICAL PARTIES
dc.subjectPOLITICAL PROCESS
dc.subjectPOLITICAL SUPPORT
dc.subjectPOLITICAL SYSTEMS
dc.subjectPOPULAR SUPPORT
dc.subjectPOPULATION
dc.subjectPOVERTY REDUCTION
dc.subjectPRACTITIONERS
dc.subjectPROBABILITY
dc.subjectPRODUCERS
dc.subjectPRODUCT MARKET
dc.subjectPRODUCT MARKETS
dc.subjectPROGRESS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC ATTENTION
dc.subjectPUBLIC OFFICIALS
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SUPPORT
dc.subjectREFORM EFFORT
dc.subjectREFORM PROCESS
dc.subjectREFORM PROCESSES
dc.subjectREFORMS
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL WELFARE
dc.subjectSPREAD
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE REFORMS
dc.subjectTRADE UNIONS
dc.subjectUNEMPLOYMENT
dc.subjectUNIONS
dc.subjectVOTERS
dc.subjectWAR
dc.subjectWORLD TRADE ORGANIZATION
dc.titleReforming the Investment Climate : Lessons for Practitionersen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.crossref.titleReforming The Investment Climate : Lessons For Practitioners
okr.date.doiregistration2025-04-10T10:15:29.806096Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2006/08/6969667/reforming-investment-climate-lessons-practitioners
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.globalpracticeHealth, Nutrition, and Population
okr.guid905721468314055451
okr.identifier.doi10.1596/1813-9450-3986
okr.identifier.externaldocumentum000016406_20060803152048
okr.identifier.internaldocumentum6969667
okr.identifier.reportWPS3986
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/08/03/000016406_20060803152048/Rendered/PDF/wps3986.pdfen
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicSocial Development::Children and Youth
okr.topicEnterprise Development and Reform
okr.topicPrivate Sector Development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicatione8a26f82-9f56-525f-9a10-18bb8f134657
relation.isAuthorOfPublication.latestForDiscoverye8a26f82-9f56-525f-9a10-18bb8f134657
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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