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The usefulness of private and public information for foreign investment decisions
Policy Research Working Papers, World Bank, 1997Information on operating conditions based on direct experience in a country is likely to be the information most credibleto foreign investors. But for investors new to a country, information inferred from observing others investing in that country may bemore influential - and may lead to cascading investments in that country, as happened in China and Vietnam.DocumentChina and the Multilateral Investment Guarantee Agency
Policy Research Working Papers, World Bank, 1999In developing countries with little foreign direct investment (FDI), the Multilateral Investment Guarantee Agency (MIGA) can serve as a catalyst for more such investment. In China, which now attracts one third of all FDI in developing countries, MIGA should perhaps help screen that investment and set up demonstration projects to improve the quality and sustainability of FDI.DocumentInstitutional Obstacles to Doing Business: Region by Region Results from a Worldwide Survey of the Private Sector
Policy Research Working Papers, World Bank, 1999More than 3,600 entrepreneurs world-wide respond to a survey about problems with uncertainty in dealings with the state.Case studies and anecdotal evidence have suggested that uncertainty about policies, laws, and regulations has hampered development of the private sector in many developing countries.DocumentRegional Integration and Foreign Direct Investment: A Conceptual Framework and Three Cases
Policy Research Working Papers, World Bank, 1999How regional investment agreements affect the flows of foreign direct investment depends on location, the competitiveness of local firms, the motives for investment, and how the agreement affects the policy environment.Blomstrom and Kokko discuss how regional investment agreements may affect the inward and outward flows of foreign direct investments in the integrating region.DocumentFiscal Imbalances, Capital Inflows, and the Real Exchange Rate: The Case of Turkey
International Monetary Fund Working Papers, 1997This paper examines the links between fiscal policy, uncovered interest rate differentials, the real exchange rate, and capital inflows in Turkey since the late 1980s. The first part reviews recent macroeconomic developments in Turkey. It shows that capital inflows coincided with a period of significant deterioration in fiscal balances, high interest rates, and an appreciating real exchange rate.DocumentTechnology Accumulation and Diffusion: Is There a Regional Dimension?
Policy Research Working Papers, World Bank, 1999National patterns of technology diffusion found in country estimates probably reflect sectoral variations more than country variations. They also reflect different degrees of internationalization.Recently, interest in regionalism has mushroomed, and economists have analyzed it not only from the viewpoint of trade but that of foreign investment, macroeconomics, and political economy.DocumentHigh Level Rent Seeking and Corruption in African Regimes: Theory and Cases
Policy Research Working Papers, World Bank, 1999For international aid and lending institutions: Encourage liberalization, deregulation, and civil service reform where rulers are autocratic but credibly committed to growth and efficiency. Be cautious about financing half-hearted reform in systems ruled by kleptocrats.DocumentDesigning a Tax Administration Reform Strategy: Experiences and Guidelines
International Monetary Fund Working Papers, 1997Tax administrators in developing and developed countries face the challenge of modernizing tax administration so it can operate effectively in an increasingly global economy characterized by difficult-to-tax sectors and by sophisticated computer and communications technology.DocumentThe Tax Treatment of Government Bonds
International Monetary Fund Working Papers, 1997Governments in some developed and in many developing countries have introduced favorable tax treatment for interest on government bonds, in some cases by fully exempting this source of income from taxation.DocumentWhat Determines Real Exchange Rates? The Long and Short of It
International Monetary Fund Working Papers, 1997Recently, there has been a revival of interest in modeling the long-run behavior of nominal bilateral exchange rates using fundamentals such as relative prices.Pages
