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Lessons for Reformers : How to Launch, Implement, and Sustain Regulatory Reform.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- International Finance Corporation.
- Series:
- Investment Climate Assessment
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Accountability.
- Bankruptcy.
- Bureaucracy.
- Capital Markets.
- Consumer Protection.
- Consumers.
- Corruption.
- Corruption & anticorruption Law.
- Debt.
- Deregulation.
- Developed Countries.
- Developing Countries.
- Economic Development.
- Economic Liberalization.
- Economics.
- Enterprise Development & Reform.
- Financial Crisis.
- Financial Sector.
- Foreign Direct Investment.
- Free Trade Agreements.
- Globalization.
- Good Governance.
- Gross Domestic Product.
- Investment Climate.
- Job Creation.
- Judiciary.
- Labor Market.
- Law and Development.
- Leadership.
- Low-Income Countries.
- Macroeconomics.
- Market Economy.
- Marketing.
- Monopolies.
- Open Markets.
- Political Economy.
- Private Investment.
- Private Sector Development.
- Property Rights.
- Public Debt.
- Regulators.
- Rent Seeking.
- Rule of Law.
- Small Businesses.
- Trade Liberalization.
- Transaction Costs.
- Transparency.
- Unemployment.
- Local Subjects:
- Accountability.
- Bankruptcy.
- Bureaucracy.
- Capital Markets.
- Consumer Protection.
- Consumers.
- Corruption.
- Corruption & anticorruption Law.
- Debt.
- Deregulation.
- Developed Countries.
- Developing Countries.
- Economic Development.
- Economic Liberalization.
- Economics.
- Enterprise Development & Reform.
- Financial Crisis.
- Financial Sector.
- Foreign Direct Investment.
- Free Trade Agreements.
- Globalization.
- Good Governance.
- Gross Domestic Product.
- Investment Climate.
- Job Creation.
- Judiciary.
- Labor Market.
- Law and Development.
- Leadership.
- Low-Income Countries.
- Macroeconomics.
- Market Economy.
- Marketing.
- Monopolies.
- Open Markets.
- Political Economy.
- Private Investment.
- Private Sector Development.
- Property Rights.
- Public Debt.
- Regulators.
- Rent Seeking.
- Rule of Law.
- Small Businesses.
- Trade Liberalization.
- Transaction Costs.
- Transparency.
- Unemployment.
- Other Title:
- Lessons for Reformers
- Place of Publication:
- Washington, D.C. : The World Bank, 2009.
- System Details:
- data file
- Summary:
- This paper focuses on core aspects of the political economy of reform, drawing on case studies of three economies transitioning to stronger business environments (Hungary, the Republic of Korea, and Mexico) and three countries with well-developed business environments (Australia, Italy, and the United Kingdom). The purpose is threefold: first, to identify so-called drivers of reform among successfully reforming countries; second, to explore how a reform strategy can make optimal use of the opportunities provided by the drivers of change; and third; to suggest how these lessons can be proactively used by other reformers to design and guide reforms. The case study findings suggest that, regardless of the content of reform, success is influenced by an evolving mix of seven drivers of change: i) globalization or competitiveness; ii) crisis; iii) political leadership; iv) unfolding reform synergies; v) technocrats; vi) changes in civil society, and vii) external pressure. The case studies suggest that reformers can influence the direction and pace of change by mobilizing and exploiting drivers of it. Rather than a cause-and-effect scenario in which a single driver-such as a crisis-creates and defines the success of a body of reforms, what happens is an unfolding series of events in which various drivers become more and less important in defining phases of the reform process.
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