Description:
Removing regulatory obstacles that
create barriers to business is a major objective for
economic policymakers. There is broad understanding among
policymakers and development practitioners that
microeconomic reforms aimed at strengthening property
rights, unleashing competition, and reducing the cost of
doing business are critical to creating a sound investment
climate and promoting economic growth (World Bank 2004;
World Bank 2005; Lewis 2004). It is also commonly agreed
that these changes need to be credible and sustained for
private firms to respond by increasing investment and
production (World Bank 2005). This report summarizes the
findings of three topical studies of the World Bank:
Administrative and Regulatory Barriers to Business (volume
two) studies the overall burden of regulation for companies
in comparison to other new European Union (EU) peers and
specifically assesses Information Technology (IT) and
manufacturing companies and the role of key stakeholders.
The ex-post impact assessment of the act on limiting
administrative regulation and administrative control on
economic activity (Volume three) makes an assessment of how
the act has been enforced, identifies and estimates the
impacts of the act, and provides recommendations for
amendments. Reforming the regime of state fees (volume four)
examines how reforms to the structure of state fees could
decrease the regulatory burden for firms.