Reforming the investment climate: lessons for practitioners
Most people agree that a good investment climate is essential for growth and poverty reduction. Less clear is how to achieve it. Many reforms are complex, involving more than technical design and content. They are both political, facing opposition from organized and powerful groups-and institutional...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C ; s.l
World Bank
2006
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| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | Most people agree that a good investment climate is essential for growth and poverty reduction. Less clear is how to achieve it. Many reforms are complex, involving more than technical design and content. They are both political, facing opposition from organized and powerful groups-and institutionally demanding, cutting across different departments and levels of government. Reform thus requires paying as much attention to understanding the politics and institutional dimensions as to policy substance, which is the goal of this paper. Drawing from more than 25 case studies, it shows that there is no single recipe or "manual" for reform, given diverse contexts and serendipity in any reform effort. But three broad lessons emerge. 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. Central to this process is using education and persuasion strategies to gain wider acceptance and neutralize opponents. Pilot programs can be valuable for demonstrating the benefits and feasibility of change. And the third is to pay greater attention to implementation and monitoring. This does not require full scale public management reforms. Reformers can draw on private sector change management techniques to revitalize public institutions responsible for implementation. Given the cross-cutting nature of reform, new oversight mechanisms may be needed to monitor and sustain reform. The paper concludes with an emerging checklist for reformers and identifies areas for future work |
| Beschreibung: | Includes bibliographical references (p. 105-109) |
| Beschreibung: | 1 Online-Ressource (xi, 111 Seiten) col. ill 22 cm |
| ISBN: | 0821368370 0821368389 9780821368374 |
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| 245 | 1 | 0 | |a Reforming the investment climate |b lessons for practitioners |c Sunita Kikeri, Thomas Kenyon, Vincent Palmade |
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| 520 | 3 | |a Most people agree that a good investment climate is essential for growth and poverty reduction. Less clear is how to achieve it. Many reforms are complex, involving more than technical design and content. They are both political, facing opposition from organized and powerful groups-and institutionally demanding, cutting across different departments and levels of government. Reform thus requires paying as much attention to understanding the politics and institutional dimensions as to policy substance, which is the goal of this paper. Drawing from more than 25 case studies, it shows that there is no single recipe or "manual" for reform, given diverse contexts and serendipity in any reform effort. But three broad lessons emerge. 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. Central to this process is using education and persuasion strategies to gain wider acceptance and neutralize opponents. Pilot programs can be valuable for demonstrating the benefits and feasibility of change. And the third is to pay greater attention to implementation and monitoring. This does not require full scale public management reforms. Reformers can draw on private sector change management techniques to revitalize public institutions responsible for implementation. Given the cross-cutting nature of reform, new oversight mechanisms may be needed to monitor and sustain reform. The paper concludes with an emerging checklist for reformers and identifies areas for future work | |
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| 700 | 1 | |a Palmade, Vincent |e Sonstige |4 oth | |
| 710 | 2 | |a International Finance Corporation |e Sonstige |4 oth | |
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| isbn | 0821368370 0821368389 9780821368374 |
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| spelling | Kikeri, Sunita Verfasser aut Reforming the investment climate lessons for practitioners Sunita Kikeri, Thomas Kenyon, Vincent Palmade Washington, D.C ; s.l World Bank 2006 1 Online-Ressource (xi, 111 Seiten) col. ill 22 cm txt rdacontent c rdamedia cr rdacarrier Includes bibliographical references (p. 105-109) Most people agree that a good investment climate is essential for growth and poverty reduction. Less clear is how to achieve it. Many reforms are complex, involving more than technical design and content. They are both political, facing opposition from organized and powerful groups-and institutionally demanding, cutting across different departments and levels of government. Reform thus requires paying as much attention to understanding the politics and institutional dimensions as to policy substance, which is the goal of this paper. Drawing from more than 25 case studies, it shows that there is no single recipe or "manual" for reform, given diverse contexts and serendipity in any reform effort. But three broad lessons emerge. 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. Central to this process is using education and persuasion strategies to gain wider acceptance and neutralize opponents. Pilot programs can be valuable for demonstrating the benefits and feasibility of change. And the third is to pay greater attention to implementation and monitoring. This does not require full scale public management reforms. Reformers can draw on private sector change management techniques to revitalize public institutions responsible for implementation. Given the cross-cutting nature of reform, new oversight mechanisms may be needed to monitor and sustain reform. The paper concludes with an emerging checklist for reformers and identifies areas for future work Online-Ausg Also available in print Economic policy Case studies Investments Case studies Social policy Case studies Kenyon, Thomas John Sonstige oth Palmade, Vincent Sonstige oth International Finance Corporation Sonstige oth World Bank Sonstige oth Kikeri, Sunita Reforming the investment climate http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3986 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Kikeri, Sunita Reforming the investment climate lessons for practitioners Economic policy Case studies Investments Case studies Social policy Case studies |
| title | Reforming the investment climate lessons for practitioners |
| title_auth | Reforming the investment climate lessons for practitioners |
| title_exact_search | Reforming the investment climate lessons for practitioners |
| title_exact_search_txtP | Reforming the investment climate lessons for practitioners |
| title_full | Reforming the investment climate lessons for practitioners Sunita Kikeri, Thomas Kenyon, Vincent Palmade |
| title_fullStr | Reforming the investment climate lessons for practitioners Sunita Kikeri, Thomas Kenyon, Vincent Palmade |
| title_full_unstemmed | Reforming the investment climate lessons for practitioners Sunita Kikeri, Thomas Kenyon, Vincent Palmade |
| title_short | Reforming the investment climate |
| title_sort | reforming the investment climate lessons for practitioners |
| title_sub | lessons for practitioners |
| topic | Economic policy Case studies Investments Case studies Social policy Case studies |
| topic_facet | Economic policy Case studies Investments Case studies Social policy Case studies |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3986 |
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