03194cam a2200421 a 4500 wbnk9780821368374 20260707173110.0 m d cr mn| 061004s2006 dcua sb i000 0 eng d 2006299071 9780821368374 (OCoLC)ocm71757560 DJB DJB BAKER DLC lccopycat HG4521 .K457 2006 332.6 22 50693 50689 Kikeri, Sunita. 68759 Reforming the Investment Climate [electronic resource] : Lessons for Practitioners Washington, D.C. : International Finance Corporation : World Bank, 2006. xi, 111 p. : col. ill. ; 22 cm. Includes bibliographical references (p. 105-109). Also available on the World Wide Web. 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. Electronic reproduction. [Washington, D.C.] : World Bank Group, [2007]. (World Bank e-Library) s 2007 dcu n s Investments Case studies. 73662 Economic policy Case studies. 47669 Social policy Case studies. 73663 Kenyon, Thomas (Thomas John) 73664 Palmade, Vincent. 73665 International Finance Corporation. 1173 World Bank. 2465 World Bank e-Library. http://www.worldbank.icebox.ingenta.com/content/wb/2264 50693 50689