Synthesis documents

Building a Successful Regulatory System, World Bank links and papers, 2007

    Description
    Regulatory risks and costs are among the most significant obstacles for doing business and attracting foreign direct investment to developing countries. Flawed regulation translates into major constraints on growth, productivity and the formal economy. The potential impact of reforms is significant. Countries can increase GDP growth rates by up to 2% by improving regulatory practices. Least developed countries have the most business unfriendly regulatory frameworks and therefore the most to gain from regulatory reform. Regulatory reform programs must strike an appropriate balance between quick-wins and long term institution-building that can sustain reform.

    The resources focus on:
    Private Sector Development;
    Public Sector Development;
    Finance and Financial Sector Development;
    Macroeconomics and Economic Growth; and
    International Economics and Trade;