The Investment Climate in Post-Conflict Situations

This paper is a policy review of the role of investment climate in post-conflict situations. It summarizes the broad range of ways in which conflict negatively affects the investment climate, from macroeconomic instability to a degraded regulatory framework. It stresses that attention needs to be pa...

Full description

Bibliographic Details
Main Authors:	Mills, Rob, Fan, Qimiao
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ALLOCATION ALTERNATIVE DISPUTE RESOLUTION MECHANISMS BUREAUCRACY CAPITAL COSTS CAUSES OF CONFLICT CENTRAL BANKS CHECKS AND BALANCES CIVIL WAR COMMERCIAL DISPUTE COMMERCIAL DISPUTE RESOLUTION COMPOUNDING CONFLICT RESOLUTION CONFLICTS CONTRACT ENFORCEMENT CREATING JOBS CUSTOMS DEMOCRATIC REPUBLIC DIASPORA DISPUTE RESOLUTION ECONOMIC ACTIVITY ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT OPPORTUNITIES END OF HOSTILITIES EXPROPRIATION EXTORTION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICY FOREIGN INVESTMENT FOREIGN MARKETS GOOD INVESTMENT CLIMATE HUMAN RIGHTS IMPORT DUTIES INDIRECT TAXES INFLATION INFORMAL ECONOMY INFORMAL EMPLOYMENT INFORMAL SECTOR INTENSITY OF CONFLICT INTERNATIONAL COMMUNITY INTERNATIONAL INVESTORS INVESTMENT CLIMATE JOB CREATION JOB OPPORTUNITIES JOBS LABOR MARKET LABOR MARKETS LEGAL FRAMEWORK LEGITIMACY LIMITED ENFORCEMENT CAPACITY MACROECONOMIC STABILITY PEACE PROCESS POLICY REFORMS POLITICAL ECONOMY POLITICAL ENVIRONMENT POLITICAL POWER POST-CONFLICT POST-CONFLICT COUNTRIES POST-CONFLICT ECONOMIES POST-CONFLICT ECONOMY POST-CONFLICT PERIOD POST-CONFLICT SITUATION POST-CONFLICT SITUATIONS PREVIOUS SECTION PRINCIPAL SOURCE PRIVATE COMPANIES PRIVATE ENTERPRISE PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE PARTNERSHIP PRIVATE PROVIDERS PRIVATE SECTOR PRIVATE SECTOR ACTIVITIES PRIVATE SECTOR ACTIVITY PRIVATE SECTOR FIRMS PRIVATE SECTORS PRODUCT MARKETS PRODUCTIVE CAPACITY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC WORKS REBEL GROUPS REDUCING POVERTY REGULATORY AUTHORITIES REGULATORY COSTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPUBLIC RISK FACTORS SKILLED LABOR SOCIAL CAPITAL SPECIALIZATION STATE-OWNED ENTERPRISES SUPPLIERS TAX TAX SYSTEM TAXATION TRADE TAXES TRAINING PROGRAMS UNINTENDED CONSEQUENCES UNSKILLED LABOR VERTICAL INTEGRATION WORKERS WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2006/11/7158780/investment-climate-post-conflict-situations http://hdl.handle.net/10986/9029

id	okr-10986-9029
recordtype	oai_dc
spelling	okr-10986-90292021-04-23T14:02:41Z The Investment Climate in Post-Conflict Situations Mills, Rob Fan, Qimiao ALLOCATION ALTERNATIVE DISPUTE RESOLUTION MECHANISMS BUREAUCRACY CAPITAL COSTS CAUSES OF CONFLICT CENTRAL BANKS CHECKS AND BALANCES CIVIL WAR COMMERCIAL DISPUTE COMMERCIAL DISPUTE RESOLUTION COMPOUNDING CONFLICT RESOLUTION CONFLICTS CONTRACT ENFORCEMENT CREATING JOBS CUSTOMS DEMOCRATIC REPUBLIC DIASPORA DISPUTE RESOLUTION ECONOMIC ACTIVITY ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT OPPORTUNITIES END OF HOSTILITIES EXPROPRIATION EXTORTION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICY FOREIGN INVESTMENT FOREIGN MARKETS GOOD INVESTMENT CLIMATE HUMAN RIGHTS IMPORT DUTIES INDIRECT TAXES INFLATION INFORMAL ECONOMY INFORMAL EMPLOYMENT INFORMAL SECTOR INTENSITY OF CONFLICT INTERNATIONAL COMMUNITY INTERNATIONAL INVESTORS INVESTMENT CLIMATE JOB CREATION JOB OPPORTUNITIES JOBS LABOR MARKET LABOR MARKETS LEGAL FRAMEWORK LEGITIMACY LIMITED ENFORCEMENT CAPACITY MACROECONOMIC STABILITY PEACE PROCESS POLICY REFORMS POLITICAL ECONOMY POLITICAL ENVIRONMENT POLITICAL POWER POST-CONFLICT POST-CONFLICT COUNTRIES POST-CONFLICT ECONOMIES POST-CONFLICT ECONOMY POST-CONFLICT PERIOD POST-CONFLICT SITUATION POST-CONFLICT SITUATIONS PREVIOUS SECTION PRINCIPAL SOURCE PRIVATE COMPANIES PRIVATE ENTERPRISE PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE PARTNERSHIP PRIVATE PROVIDERS PRIVATE SECTOR PRIVATE SECTOR ACTIVITIES PRIVATE SECTOR ACTIVITY PRIVATE SECTOR FIRMS PRIVATE SECTORS PRODUCT MARKETS PRODUCTIVE CAPACITY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC WORKS REBEL GROUPS REDUCING POVERTY REGULATORY AUTHORITIES REGULATORY COSTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPUBLIC RISK FACTORS SKILLED LABOR SOCIAL CAPITAL SPECIALIZATION STATE-OWNED ENTERPRISES SUPPLIERS TAX TAX SYSTEM TAXATION TRADE TAXES TRAINING PROGRAMS UNINTENDED CONSEQUENCES UNSKILLED LABOR VERTICAL INTEGRATION WORKERS WORKING CAPITAL This paper is a policy review of the role of investment climate in post-conflict situations. It summarizes the broad range of ways in which conflict negatively affects the investment climate, from macroeconomic instability to a degraded regulatory framework. It stresses that attention needs to be paid to the broader "enabling environment," including institutions, governance, capacity, and social capital. It suggests that a vibrant private sector underpinned by a good investment climate is particularly important in the post-conflict recovery phase for three reasons: it generates employment, provides public services where the state has retrenched, and builds social capital. By addressing these important "greed and grievance" factors, the private sector helps reduce the likelihood of a return to conflict. The paper concludes by distilling key lessons relating to the management of the post-conflict reform process. Despite the importance of a good investment climate, greater effort is needed to ensure that private sector development reforms are included in the first round of post-conflict policymaking. Local ownership of reforms and enhanced local capacity to implement them is key to sustainable improvements in the investment climate. Development partners have an important role to play in facilitating dialogue and promoting partnerships between public and private sector stakeholders. At the same time, development partners need to ensure that their presence in fragile post-conflict economies does not damage the very sector they are trying to support. 2012-06-26T14:57:59Z 2012-06-26T14:57:59Z 2006-11 http://documents.worldbank.org/curated/en/2006/11/7158780/investment-climate-post-conflict-situations http://hdl.handle.net/10986/9029 English Policy Research Working Paper; No. 4055 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ALLOCATION ALTERNATIVE DISPUTE RESOLUTION MECHANISMS BUREAUCRACY CAPITAL COSTS CAUSES OF CONFLICT CENTRAL BANKS CHECKS AND BALANCES CIVIL WAR COMMERCIAL DISPUTE COMMERCIAL DISPUTE RESOLUTION COMPOUNDING CONFLICT RESOLUTION CONFLICTS CONTRACT ENFORCEMENT CREATING JOBS CUSTOMS DEMOCRATIC REPUBLIC DIASPORA DISPUTE RESOLUTION ECONOMIC ACTIVITY ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT OPPORTUNITIES END OF HOSTILITIES EXPROPRIATION EXTORTION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICY FOREIGN INVESTMENT FOREIGN MARKETS GOOD INVESTMENT CLIMATE HUMAN RIGHTS IMPORT DUTIES INDIRECT TAXES INFLATION INFORMAL ECONOMY INFORMAL EMPLOYMENT INFORMAL SECTOR INTENSITY OF CONFLICT INTERNATIONAL COMMUNITY INTERNATIONAL INVESTORS INVESTMENT CLIMATE JOB CREATION JOB OPPORTUNITIES JOBS LABOR MARKET LABOR MARKETS LEGAL FRAMEWORK LEGITIMACY LIMITED ENFORCEMENT CAPACITY MACROECONOMIC STABILITY PEACE PROCESS POLICY REFORMS POLITICAL ECONOMY POLITICAL ENVIRONMENT POLITICAL POWER POST-CONFLICT POST-CONFLICT COUNTRIES POST-CONFLICT ECONOMIES POST-CONFLICT ECONOMY POST-CONFLICT PERIOD POST-CONFLICT SITUATION POST-CONFLICT SITUATIONS PREVIOUS SECTION PRINCIPAL SOURCE PRIVATE COMPANIES PRIVATE ENTERPRISE PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE PARTNERSHIP PRIVATE PROVIDERS PRIVATE SECTOR PRIVATE SECTOR ACTIVITIES PRIVATE SECTOR ACTIVITY PRIVATE SECTOR FIRMS PRIVATE SECTORS PRODUCT MARKETS PRODUCTIVE CAPACITY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC WORKS REBEL GROUPS REDUCING POVERTY REGULATORY AUTHORITIES REGULATORY COSTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPUBLIC RISK FACTORS SKILLED LABOR SOCIAL CAPITAL SPECIALIZATION STATE-OWNED ENTERPRISES SUPPLIERS TAX TAX SYSTEM TAXATION TRADE TAXES TRAINING PROGRAMS UNINTENDED CONSEQUENCES UNSKILLED LABOR VERTICAL INTEGRATION WORKERS WORKING CAPITAL
spellingShingle	ALLOCATION ALTERNATIVE DISPUTE RESOLUTION MECHANISMS BUREAUCRACY CAPITAL COSTS CAUSES OF CONFLICT CENTRAL BANKS CHECKS AND BALANCES CIVIL WAR COMMERCIAL DISPUTE COMMERCIAL DISPUTE RESOLUTION COMPOUNDING CONFLICT RESOLUTION CONFLICTS CONTRACT ENFORCEMENT CREATING JOBS CUSTOMS DEMOCRATIC REPUBLIC DIASPORA DISPUTE RESOLUTION ECONOMIC ACTIVITY ECONOMIC GROWTH EMPLOYMENT EMPLOYMENT OPPORTUNITIES END OF HOSTILITIES EXPROPRIATION EXTORTION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICY FOREIGN INVESTMENT FOREIGN MARKETS GOOD INVESTMENT CLIMATE HUMAN RIGHTS IMPORT DUTIES INDIRECT TAXES INFLATION INFORMAL ECONOMY INFORMAL EMPLOYMENT INFORMAL SECTOR INTENSITY OF CONFLICT INTERNATIONAL COMMUNITY INTERNATIONAL INVESTORS INVESTMENT CLIMATE JOB CREATION JOB OPPORTUNITIES JOBS LABOR MARKET LABOR MARKETS LEGAL FRAMEWORK LEGITIMACY LIMITED ENFORCEMENT CAPACITY MACROECONOMIC STABILITY PEACE PROCESS POLICY REFORMS POLITICAL ECONOMY POLITICAL ENVIRONMENT POLITICAL POWER POST-CONFLICT POST-CONFLICT COUNTRIES POST-CONFLICT ECONOMIES POST-CONFLICT ECONOMY POST-CONFLICT PERIOD POST-CONFLICT SITUATION POST-CONFLICT SITUATIONS PREVIOUS SECTION PRINCIPAL SOURCE PRIVATE COMPANIES PRIVATE ENTERPRISE PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE PARTNERSHIP PRIVATE PROVIDERS PRIVATE SECTOR PRIVATE SECTOR ACTIVITIES PRIVATE SECTOR ACTIVITY PRIVATE SECTOR FIRMS PRIVATE SECTORS PRODUCT MARKETS PRODUCTIVE CAPACITY PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC WORKS REBEL GROUPS REDUCING POVERTY REGULATORY AUTHORITIES REGULATORY COSTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPUBLIC RISK FACTORS SKILLED LABOR SOCIAL CAPITAL SPECIALIZATION STATE-OWNED ENTERPRISES SUPPLIERS TAX TAX SYSTEM TAXATION TRADE TAXES TRAINING PROGRAMS UNINTENDED CONSEQUENCES UNSKILLED LABOR VERTICAL INTEGRATION WORKERS WORKING CAPITAL Mills, Rob Fan, Qimiao The Investment Climate in Post-Conflict Situations
relation	Policy Research Working Paper; No. 4055
description	This paper is a policy review of the role of investment climate in post-conflict situations. It summarizes the broad range of ways in which conflict negatively affects the investment climate, from macroeconomic instability to a degraded regulatory framework. It stresses that attention needs to be paid to the broader "enabling environment," including institutions, governance, capacity, and social capital. It suggests that a vibrant private sector underpinned by a good investment climate is particularly important in the post-conflict recovery phase for three reasons: it generates employment, provides public services where the state has retrenched, and builds social capital. By addressing these important "greed and grievance" factors, the private sector helps reduce the likelihood of a return to conflict. The paper concludes by distilling key lessons relating to the management of the post-conflict reform process. Despite the importance of a good investment climate, greater effort is needed to ensure that private sector development reforms are included in the first round of post-conflict policymaking. Local ownership of reforms and enhanced local capacity to implement them is key to sustainable improvements in the investment climate. Development partners have an important role to play in facilitating dialogue and promoting partnerships between public and private sector stakeholders. At the same time, development partners need to ensure that their presence in fragile post-conflict economies does not damage the very sector they are trying to support.
format	Publications & Research :: Policy Research Working Paper
author	Mills, Rob Fan, Qimiao
author_facet	Mills, Rob Fan, Qimiao
author_sort	Mills, Rob
title	The Investment Climate in Post-Conflict Situations
title_short	The Investment Climate in Post-Conflict Situations
title_full	The Investment Climate in Post-Conflict Situations
title_fullStr	The Investment Climate in Post-Conflict Situations
title_full_unstemmed	The Investment Climate in Post-Conflict Situations
title_sort	investment climate in post-conflict situations
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/11/7158780/investment-climate-post-conflict-situations http://hdl.handle.net/10986/9029
_version_	1764406752411910144

The Investment Climate in Post-Conflict Situations

Similar Items