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Reforming the Investment Climate : Lessons for Practitioners

Author

Listed:
  • Sunita Kikeri
  • Thomas Kenyon
  • Vincent Palmade

Abstract

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.

Suggested Citation

  • Sunita Kikeri & Thomas Kenyon & Vincent Palmade, 2006. "Reforming the Investment Climate : Lessons for Practitioners," World Bank Publications - Books, The World Bank Group, number 7096, December.
    • Handle: RePEc:wbk:wbpubs:7096
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/7096/370940Reformin1ent0Climate01PUBLIC1.pdf?sequence=1
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. World Bank, 2009. "Increasing Formality and Productivity of Bolivian Firms," World Bank Publications - Books, The World Bank Group, number 2675, December.
    2. Deininger, Klaus & Jin, Songqing & Sur, Mona, 2007. "Sri Lanka's Rural Non-Farm Economy: Removing Constraints to Pro-Poor Growth," World Development, Elsevier, vol. 35(12), pages 2056-2078, December.
    3. World Bank, 2008. "Bolivia : Policies for Increasing Firms’ Formality and Productivity," World Bank Publications - Reports 8003, The World Bank Group.
    4. Ioannis Glinavos, 2010. "Transition or development?," Progress in Development Studies, , vol. 10(1), pages 59-74, January.
    5. World Bank, 2007. "Building Knowledge Economies : Advanced Strategies for Development," World Bank Publications - Books, The World Bank Group, number 6853, December.
    6. Alberto Criscuolo & Vincent Palmade, 2008. "Reform Teams," World Bank Publications - Reports 11155, The World Bank Group.
    7. Aized H. Mir & Amer Z. Durrani & Mehreen Tanvir, 2007. "Development of Construction Industry : A Literature Review," World Bank Publications - Reports 7743, The World Bank Group.

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