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The Investment Climate In Post-Conflict Situations / Mills, Rob
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Author/Creator:
- Mills, Rob
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Bank Policy.
- Banks and Banking Reform.
- Capacity Enhancement.
- Conflict and Development.
- Contract.
- Contract Enforcement.
- Debt Markets.
- E-Business.
- Emerging Markets.
- Enabling Environment.
- Exchange.
- Finance.
- Finance and Financial Sector Development.
- Financial Literacy.
- Good.
- International Economics & Trade.
- Investment.
- Investment Climate.
- Labor Markets.
- Local Capacity.
- Macroeconomic Instability.
- Macroeconomic Stability.
- Macroeconomics and Economic Growth.
- Physical Security.
- Political Economy.
- Post Conflict Reconstruction.
- Private Sector Development.
- Property.
- Property Rights.
- Regulatory Framework.
- Return.
- Security.
- Social Capital.
- Social Conflict and Violence.
- Social Development.
- Social Protections and Labor.
- Trade and Regional Integration.
- Local Subjects:
- Bank Policy.
- Banks and Banking Reform.
- Capacity Enhancement.
- Conflict and Development.
- Contract.
- Contract Enforcement.
- Debt Markets.
- E-Business.
- Emerging Markets.
- Enabling Environment.
- Exchange.
- Finance.
- Finance and Financial Sector Development.
- Financial Literacy.
- Good.
- International Economics & Trade.
- Investment.
- Investment Climate.
- Labor Markets.
- Local Capacity.
- Macroeconomic Instability.
- Macroeconomic Stability.
- Macroeconomics and Economic Growth.
- Physical Security.
- Political Economy.
- Post Conflict Reconstruction.
- Private Sector Development.
- Property.
- Property Rights.
- Regulatory Framework.
- Return.
- Security.
- Social Capital.
- Social Conflict and Violence.
- Social Development.
- Social Protections and Labor.
- Trade and Regional Integration.
- Physical Description:
- 1 online resource (35 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2006
- System Details:
- data file
- Summary:
- This paper is a policy review of the role of investment climate in post-conflict situations. It summarizes the broad range of ways in which conflict negatively affects the investment climate, from macroeconomic instability to a degraded regulatory framework. It stresses that attention needs to be paid to the broader "enabling environment," including institutions, governance, capacity, and social capital. It suggests that a vibrant private sector underpinned by a good investment climate is particularly important in the post-conflict recovery phase for three reasons: it generates employment, provides public services where the state has retrenched, and builds social capital. By addressing these important "greed and grievance" factors, the private sector helps reduce the likelihood of a return to conflict. The paper concludes by distilling key lessons relating to the management of the post-conflict reform process. Despite the importance of a good investment climate, greater effort is needed to ensure that private sector development reforms are included in the first round of post-conflict policymaking. Local ownership of reforms and enhanced local capacity to implement them is key to sustainable improvements in the investment climate. Development partners have an important role to play in facilitating dialogue and promoting partnerships between public and private sector stakeholders. At the same time, development partners need to ensure that their presence in fragile post-conflict economies does not damage the very sector they are trying to support.
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