An edition of Reforming the investment climate (2006)

Reforming the investment climate

lessons for practitioners

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Last edited by ImportBot
June 10, 2023 | History
An edition of Reforming the investment climate (2006)

Reforming the investment climate

lessons for practitioners

Most 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.

Publish Date
Language
English
Pages
111

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Previews available in: English

Edition Availability
Cover of: Reforming the investment climate
Reforming the investment climate: lessons for practitioners
2006, World Bank
electronic resource : in English
Cover of: Reforming the investment climate
Reforming the investment climate: lessons for practitioners
2006, International Finance Corporation, World Bank
in English

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Book Details


Edition Notes

Includes bibliographical references (p. 105-109).

Also available on the World Wide Web.

Published in
Washington, D.C
Genre
Case studies.

Classifications

Library of Congress
HG4521 .K457 2006

The Physical Object

Pagination
xi, 111 p. :
Number of pages
111

ID Numbers

Open Library
OL20857402M
Internet Archive
reforminginvestm00keny
ISBN 10
0821368370, 0821368389
LCCN
2006299071
OCLC/WorldCat
71757560
Goodreads
4359627

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History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
June 10, 2023 Edited by ImportBot import existing book
December 30, 2022 Edited by MARC Bot import existing book
November 14, 2022 Edited by ImportBot import existing book
December 14, 2020 Edited by MARC Bot import existing book
October 30, 2008 Created by ImportBot Imported from University of Toronto MARC record