Firms and entrepreneurs of all types-from micro-enterprises to multinationals-play a central role in growth and poverty reduction. Their investment decisions drive job creation, the availability and affordability of goods and services for consumers, and the tax revenues governments can draw on to fund health, education, and other services. Their contribution depends largely on the way governments shape the investment climate in each location-through the protection of property rights, regulation and taxation, strategies for providing infrastructure, interventions in finance and labor markets, and broader governance features such as corruption. The World Development Report 2005 argues that improving the investment climates of their societies should be a top priority for governments.
Details
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Author
Clarke, George, Desai,Raj M., Hallward-Driemeier,Mary C., Irwin,Timothy C., Messick,Richard E., Scarpetta,Stefano, Smith,Warrick P., Tata,Gaiv M., Vostroknutova,Ekaterina
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Document Date
2005/01/01
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Document Type
World Development Report
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Report Number
28829
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2005/08/08
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Disclosure Status
Disclosed
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Doc Name
World development report 2005: a better investment climate for everyone
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Keywords
investment climate;general agreement on tariffs and trade;good investment climate;reduction in corporate tax rates;poverty need;distribution of property rights;multilateral agreement on investment;gross fixed capital formation;institution development;share of public funding;rural access to electricity;sources of tax revenue;regulation of market entry;Cost of Doing Business;investment climate improvement;barrier to competition;investment climate constraint;foreign direct investment;rights to land;barrier to entry;domestic private investment;sound investment climate;total factor productivity;
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Citation
Clarke, George Desai,Raj M. Hallward-Driemeier,Mary C. Irwin,Timothy C. Messick,Richard E. Scarpetta,Stefano Smith,Warrick P. Tata,Gaiv M. Vostroknutova,Ekaterina
World development report 2005 : a better investment climate for everyone : World development report 2005: a better investment climate for everyone (Russian). World development report Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/433371468326225063/World-development-report-2005-a-better-investment-climate-for-everyone