LEADER 04089oam 22007095 450 001 9910783716503321 005 20200520144314.0 010 $a1-280-54260-8 010 $a9786610542604 010 $a0-8213-6838-9 024 7 $a10.1596/978-0-8213-6837-4 035 $a(CKB)1000000000247139 035 $a(EBL)459542 035 $a(OCoLC)124039410 035 $a(SSID)ssj0000089212 035 $a(PQKBManifestationID)11121777 035 $a(PQKBTitleCode)TC0000089212 035 $a(PQKBWorkID)10089094 035 $a(PQKB)10569264 035 $a(Au-PeEL)EBL459542 035 $a(CaPaEBR)ebr10132027 035 $a(CaONFJC)MIL54260 035 $a(US-djbf)14583185 035 $a(The World Bank)14583185 035 $a(MiAaPQ)EBC459542 035 $a(OCoLC)ocm71757560 035 $a(The World Bank)ocm71757560 035 $a(EXLCZ)991000000000247139 100 $a20061004d2006 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aReforming the investment climate : $elessons for practitioners /$fSunita Kikeri, Thomas Kenyon, Vincent Palmade 210 1$aWashington, D.C. :$cInternational Finance Corporation :$cWorld Bank,$d2006. 215 $axi, 111 pages $ccolor illustrations ;$d22 cm 300 $aDescription based upon print version of record. 311 $a0-8213-6837-0 320 $aIncludes bibliographical references (p. 105-109). 327 $aContents; Foreword; Acknowledgments; I. Introduction; II. Understanding the Challenges to Reform; III. Initiating and Designing Reform; IV. Implementing and Sustaining Reform; V. Conclusions; VI. Selected Reform Case Studies; References 330 3 $aMost people agree that a good investment climate is essential for growth and poverty reduction. Less clear is how to achieve it. Many reforms are complex, involving more than technical design and content. They are both political, facing opposition from organized and powerful groups-and institutionally demanding, cutting across different departments and levels of government. Reform thus requires paying as much attention to understanding the politics and institutional dimensions as to policy substance, which is the goal of this paper. Drawing from more than 25 case studies, it shows that there is no single recipe or "manual" for reform, given diverse contexts and serendipity in any reform effort. But three broad lessons emerge. The first is to recognize and seize opportunities for reform. Crisis and new governments are important catalysts, but so is the competition generated by trade integration and new benchmarking information. The second is to invest early in the politics of reform. Central to this process is using education and persuasion strategies to gain wider acceptance and neutralize opponents. Pilot programs can be valuable for demonstrating the benefits and feasibility of change. And the third is to pay greater attention to implementation and monitoring. This does not require full scale public management reforms. Reformers can draw on private sector change management techniques to revitalize public institutions responsible for implementation. Given the cross-cutting nature of reform, new oversight mechanisms may be needed to monitor and sustain reform. The paper concludes with an emerging checklist for reformers and identifies areas for future work. 410 0$aPolicy research working papers. 410 0$aWorld Bank e-Library. 606 $aInvestments 606 $aSecurities 615 0$aInvestments. 615 0$aSecurities. 676 $a332.6 700 $aKikeri$b Sunita$0126635 701 $aKenyon$b Thomas$g(Thomas John)$01526141 701 $aPalmade$b Vincent$01526142 712 02$aInternational Finance Corporation. 712 02$aWorld Bank. 801 0$bDJB 801 1$bDJB 801 2$bBAKER 801 2$bDLC 906 $aBOOK 912 $a9910783716503321 996 $aReforming the investment climate$93768011 997 $aUNINA