World development report 2005 : A better investment climate for everyone

Contents:
Foreword xiii;
Acknowledgments xv;
Abbreviations and Data Notes xvi;
Overview 1The investment climate is central to growth and poverty reduction 1;
Ta ckling costs, risks, and barriers to competition 4;
Progress requires more than changes in formal policies 5;
A p rocess, not an event 7;
Focus on delivering the basics 9;
Going beyond the basics involves additional challenges 12;
The international community can lend a hand 14;
PART I;
Improving the Investment Climate 17;
1 The investment climate, growth, and poverty 19Understanding the investment climate 20;
How investment climate improvements drive growth and reduce poverty 24;
Sharpening the focus on poverty reduction 31;
Creating a better investment climate for everyone 35;
2 C onfronting the underlying challenges 36The basic tension: Firm preferences or the public interest? 37;
Restraining rent-seeking 40;
Establishing credibility 45;
Fostering public trust and legitimacy 50;
Ensuring policy responses reflect a good institutional fit 53;
Making progress 54;
3 T ackling a broad agenda 56The investment climate as a package 56;
Setting priorities 58;
Managing individual reforms 68;
Maintaining momentum 71;
Strengthening capabilities 74;
PART II;
Delivering the Basics 77;
4 Stability and security 79;
Ve r ifying rights to land and other property 80;
Facilitating contract enforcement 84;
Reducing crime 89;
Ending the uncompensated expropriation of property 92;
5 R egulation and taxation 95Regulating firms 95;
Taxing firms 106;
Regulating and taxing at the border 111;
6 F inance and infrastructure 115Financial markets 115;
Infrastructure—connecting firms and expanding opportunities 124;
7 W orkers and labor markets 136;
Fostering a skilled and healthy workforce 137;
Crafting interventions to benefit all workers 141;
Helping workers cope with change 151;
PART III;
Going Beyond the Basics? 157;
8 Selective interventions 159The allure—and traps—of selective interventions 159;
Experience in specific areas 163;
9 I nternational rules and standards 175International arrangements and the investment climate 175;
Enhancing credibility 176;
Fostering harmonization 180;
Addressing international spillovers 182;
Future challenges 184;
PART IV;
How the International Community Can Help 187;
10 How the international community can help 189Removing distortions in developed countries 189;
Providing more, and more effective, assistance 190;
Ta ckling the substantial knowledge agenda 195;
Bibliographical note 198;
Endnotes 199;
References 210Background papers for the WDR 2005 241;
Case studies commissioned by the U.K. Department for International Development
for the Wo r ld Development Report 2005 242;
Selected Indicators 243;
Measuring the investment climate 244;
Challenges in measuring the investment climate 244;
The World Bank’s new measures 245;
Te c hnical notes 250;
Selected world development indicators 253Data sources and methodology 253;
Changes in the System of National Accounts 253;
Classification of economies and summary measures 254;
Te r minology and country coverage 254;
Te c hnical notes 265.