Improving the investment climate in APEC economies
The World Bank has identified investment as the key driver of growth and poverty reduction. An investment climate with few barriers is most likely to ensure investment is plentiful and used efficiently. In APEC economies, domestic investment makes up nearly three-quarters of all investment and therefore has the greatest potential to lift growth. Many studies have measured barriers to foreign direct investment at the border but surprisingly few have measured barriers 'behind-the-border' to domestic investment. We need to understand much more about behind-the-border barriers to investment in APEC and their impact to be able to assist APEC developing member economies make better informed policy choices when removing barriers to investment. Recent APEC experience with investment climate reform is briefly examined for any thematic lessons and whether there could be a better way to undertake such reform in the future.
Volume (Year): (2007)
Issue (Month): 1 (February)
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- Stephen S. Golub & Dana Hajkova & Daniel Mirza & Giuseppe Nicoletti & Kwang-Yeol Yoo, 2003. "The Influence of Policies on Trade and Foreign Direct Investment," OECD Economic Studies, OECD Publishing, vol. 2003(1), pages 7-83.
- World Bank & International Finance Corporation, 2006. "Doing Business in 2006 : Creating Jobs," World Bank Publications, The World Bank, number 7421, August.
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