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 re...
| Main Authors: | , , |
|---|---|
| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank and IFC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/06/7020861/reforming-investment-climate-lessons-practitioners http://hdl.handle.net/10986/7096 |
| Summary: | 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. |
|---|