The World Bank Group's global investment promotion benchmarking 2009 report found that nearly three-quarters of countries are missing out on much of the $1 trillion annual market for foreign direct investment by simply failing at the timely provision of high-quality business information to potential investors. A new study indicates that weak investment promotion is correlated with whether the same government agency is also responsible for investment regulation. This note argues that the two functions should be kept separate and offers policy advice for countries that have them combined.
Details
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Author
Griffin,Carlos Roberto, Ortega Sotes,Celia, Whyte, Robert
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Document Date
2011/03/01
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Document Type
Brief
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Report Number
80253
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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
2016/09/21
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Disclosure Status
Disclosed
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Doc Name
Investment regulation and promotion : can they coexist in one body?
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Keywords
investment climate;foreign direct investment;investment promotion effort;good investment climate;investment climate reform;private sector representative;site selection process;Board of Investment;Regulatory Bodies;foreign investor;potential investor;regulatory body;regulatory function;Job Creation;investment regulation;good performance;enabling environment;transparent process;red tape;competitive market;political backing;skilled staff;internal system;funding source;regulatory procedure;information asymmetry;investor interest;tax registration;regulation function;Investment Review;language skill;foreign affair;International Trade;registration procedure;empirical study;performance gap;regional norms;investment promoter;regulatory side;investment location;public-private enterprise;Learning and Innovation Credit;performance categories;interested investor;business information;market needs;Investor Servicing;fixed procedure;business culture;foreign language;business practice;financial issue;organizational culture;legal requirement;free port;immovable property;
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Citation
Griffin,Carlos Roberto Ortega Sotes,Celia Whyte, Robert
Investment regulation and promotion : can they coexist in one body (English). Investment climate in practice,no. 16. Investment policy and promotion Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/832851474483734837/Investment-regulation-and-promotion-can-they-coexist-in-one-body