Investment climate reforms : an independent evaluation of World Bank Group support to reforms of business regulations

• Pubblicazione: Washington, DC : , : World Bank, , [2015]
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (pages cm)
• Disciplina: 332.64/3091724
• Soggetto topico: Investments, Foreign - Developing countries; Trade regulation - Developing countries; Industrial policy - Developing countries; Economic development - Developing countries
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Front Cover; Contents; Abbreviations; Acknowledgments; Overview; World Bank Group Management Response; Management Action Record; Chairperson's Summary: Committee on Development Effectiveness; 1 Introduction and Portfolio Review; Motivation; Theoretical Foundations; Investment Climate Definition; World Bank Group Engagement in Investment Climate; Evaluation Design and Methodology; Investment Climate Good Practice Standard; World Bank Group Investment Climate Portfolio; 2 Relevance of World Bank Group Investment Climate Interventions ; Relevance of Investment Climate at the Corporate and Country Strategic Levels Relevance of Interventions; Relevance at the Analytical Level; 3 Effectiveness of World Bank Group Support to Investment Climate Reforms; Effectiveness of World Bank Group-Supported Investment Climate Reforms; Limitations of Outcome Measurements; 4 Evaluating the Social Value of Regulatory Reforms; Regulatory Reform and Its Effects: Theoretical Foundations; Analytical Framework: Assessing the Social Value of Regulatory Reform; Application of the Framework: Analysis of Cross-Country Evidence ; Application of the Framework: Qualitative Analysis of World Bank Group Project Reports 5 Factors Affecting Performance; Fragile and Conflict-Affected Situations; Industry-Specific Intervention; World Bank Group Collaboration and Results; Factors Affecting Collaboration between the World Bank and IFC; 6 Recommendations; Relevance; Social Value; Coordination across the World Bank Group; Appendixes; Appendix A Methodology; Appendix B Portfolio Description of World Bank Group Support to Investment Climate Reforms; Appendix C Statistical Tests for Regulatory Reform Indicators ; Appendix D Literature Review on the Impact of Regulatory Reforms Appendix E World Bank Group Projects with Investment Climate Support; Appendix F Staff Survey Questionnaire; Bibliography; Boxes; Box 1.1 Examples of Agribusiness and Tourism Investment Climate Interventions; Box 2.1 Strategic Pillars of Investment Climate Reforms in Client Countries; Box 3.1 Contribution of World Bank Group Support to Investment Climate Reforms around the World ; Box 3.2 Findings from the Field: Impact of Reforms-Rwanda and Cambodia; Box 5.1 Findings From the Field-Stakeholder Analysis Matters ; Box 5.2 Timing of Impact of Investment Climate Reforms Box 5.3 Inclusive Growth through a Diversified Agricultural Sector; Box 5.4 Business Models Complementarity-The Case of Development Policy Loans; Box 5.5 Donors' Support to Investment Climate; Box 5.6 Findings from the Field: World Bank and IFC-Strengths and Weaknesses; Box 5.7 "Jointness" of Management: How a Formal Organization Can Foster Collaboration-Latin America and the Caribbean as a Recent Pilot ; Figures; Figure 1.1 Conceptual Framework of the Evaluation; Figure 1.2 World Bank Group Investment Climate Intervention, by Volume ; Figure 1.3 World Bank Group Project Portfolio Composition
• Sommario/riassunto: Private firms are at the forefront of the development process, providing more than 90 percent of jobs, supplying goods and services, and representing a significant source of tax revenues. Their ability to grow, create jobs, and reduce poverty depends critically on a well-functioning investment climate--defined as the policy, legal, and institutional arrangements underpinning the functioning of markets and the level of transaction costs and risks associated with starting, operating, and closing a business. The World Bank Group has provided extensive support to investment climate reforms. This evaluation by the Independent Evaluation Group (IEG) assesses the relevance, effectiveness, and social value of World Bank Group support to investment climate reforms as it relates to concerns for inclusion and shared prosperity. IEG finds that the World Bank Group has supported a comprehensive menu of investment climate reforms and has improved investment climate in countries, as measured by number of laws enacted, streamlining of processes and time, or simple cost savings for private firms. However, the impact on investment, jobs, business formation, and growth is not straightforward. Regulatory reforms need to be designed and implemented with both economic and social costs and benefits in mind; IEG found that, in practice, World Bank Group support focuses predominantly on reducing costs to businesses. In supporting investment climate reforms, the World Bank and the International Finance Corporation use two distinct but complementary business models. Despite the fact that investment climate is the most integrated business unit in the World Bank Group, coordination is mostly informal, relying mainly on personal contacts. IEG recommends that the World Bank Group expand its range of diagnostic tools and integrate them in the areas of the business environment not yet covered by existing tools; develop an approach to identify the social effects of regulatory reforms on all groups expected to be affected by them beyond the business community; and exploit synergies by ensuring that World Bank and IFC staff improve their understanding of each other's work and business models.
• Titolo autorizzato: Investment climate reforms
• ISBN: 1-4648-0629-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910960178103321
• Lo trovi qui: Univ. Federico II
• Serie: World Bank e-Library.