Cover image for Reforming the Investment Climate : Lessons for Practitioners.
Reforming the Investment Climate : Lessons for Practitioners.
Title:
Reforming the Investment Climate : Lessons for Practitioners.
Author:
Kikeri, Sunita.
ISBN:
9780821368381
Personal Author:
Physical Description:
1 online resource (125 pages)
Contents:
Contents -- Foreword -- Acknowledgments -- I. Introduction -- II. Understanding the Challenges to Reform -- Why Investment Climate Reforms Are Challenging -- Different Reforms and Country Conditions, Different Challenges -- Political challenges -- Institutional challenges -- III. Initiating and Designing Reform -- Identifying Priorities for Reform -- Using political change and crisis as catalysts -- Seizing Opportunities to Get Reform onto the Policy Agenda -- Using political change and crisis as catalysts -- Taking advantage of spillovers from trade andproduct market reforms -- Generating new information to create demandfor change -- Securing political leadership -- Role of donors -- Starting with Reforms That Are Both Credibleand Feasible -- Setting the pace of reform-radical or incremental? -- Using pilots and sector-specific reforms as learningand demonstration tools -- Building Coalitions to Support Reform -- Leveraging and empowering supporters -- Diffusing opposition -- IV. Implementing and Sustaining Reform -- Strengthening Incentives and Capacity -- Bringing in new leadership and reform teams -- Revitalizing institutions -- Creating performance targets and incentives -- Contracting out to the private sector -- Harnessing information technology -- Creating Oversight Mechanisms to Sustain Reform -- Improving Monitoring -- V. Conclusions -- Main Lessons -- Future Work -- VI. Selected Reform Case Studies -- Reforming Labor Regulations in Colombia -- Reform context -- Initiating reform -- Implementing and sustaining reform -- Reform outcomes -- Conclusions -- Inspections Reform in Latvia -- Reform context -- Initiating reform -- Implementing and sustaining reform -- Reform outcomes -- Conclusions -- Regulatory Reform in Mexico -- Reform context -- Initiating reform -- Implementing and sustaining reform -- Reform outcomes -- Conclusions.

Reforming Business Registration in Pakistan -- Reform context -- Initiating reform -- Implementing and sustaining reform -- Reform outcomes -- Conclusions -- Enterprise Reform in Vietnam -- Reform context -- Initiating reform -- Implementing and sustaining reform -- Reform outcomes -- Conclusions -- Land Market Reform: Improving Access to Land and Buildings -- Reform context -- Key issues for investors -- Solutions -- Conclusions -- References.
Abstract:
Most people agree that a good investment climate is essential for growth and poverty reduction. Less clear is how to achieve it. 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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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