By James J. Emery, Melvin T. (Jr.) Spence, Timothy S. Buehrer, Louis T. Wells
While at each flip, they discover a new twist, or a brand new requirement, international traders in Africa could be simply discouraged from constructing companies. even supposing many African governments have liberalized and reformed funding guidelines and advertise themselves as funding websites, the truth dealing with traders differs significantly. to aid swap the 'lack of investor reaction' to Africa's enticements, this ebook examines the executive constraints to funding in different African international locations. It provides the adventure that confronts traders once they arrange a firm. The case histories display how the morass of licenses, approvals, allows, and different necessities that lead to undue delays and unexpected expenditures motivate bribery and corruption and foster an atmosphere of pervasive uncertainty for all traders. The chapters are divided into 4 parts, which correspond approximately to the chronological strategy of funding. they're: 1) basic approvals, licenses, and registrations; 2) really expert approvals; three) specifications to realize entry to land, website improvement, and software connections; and four) operational requisites. This e-book could be of curiosity to govt officers, teachers, and funding organizations.
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Extra resources for Administrative Barriers to Foreign Investment: Reducing Red Tape in Africa (Occasional Paper (Foreign Investment Advisory Service))
Specialized Approvals 41 Industry 42 Fisheries 44 Forestry 45 Tourism 48 Conclusion 52 4. Requirements to Gain Access to Land, Site Development, and Utility Connections 55 Access to Land 56 Construction Permits 57 Utilities 57 Postal Services 68 Conclusion 68 5. Operational Requirements 71 Import/Export Procedures 72 Foreign Exchange 73 Labor and Social Security 73 Conclusion 77 6. Conclusions 83 Origins of Excessive Red Tape 83 Recommendations 84 Conclusion 88 Notes 89 References 93 Page v Cutting Red Tape: Lessons from a Case-Based Approach to Improving the Investment Climate in Mozambique Louis T.
Completing the Negotiations 127 Concluding the Investment Project Authorization (IPA) 127 Completing the Subsidiary Agreements 128 Preparing for Implementation 132 Lessons Learned 133 5. Implementing the Agreement: A Serious Attack on Red Tape 137 Building a Continuing Structure 137 The Government Task Group 138 The IPA Steering Committee 138 The Tasks Groups 141 The IPA Implementation Coordination Meeting at CPI 142 Local Government 142 Linkage Program 143 The Structure in Action 144 Page vi 6.
However, reform implementation has been inconsistent and has not, in general, led to a resumption of the type of broad-based economic growth that both addresses poverty alleviation and provides an attraction for private investors. Certain reviews of the structural adjustment experience point out the need for deeper, broader reforms, stating in effect that the countries have not gone far enough. 6 Even in their partial effectiveness, these reforms have nevertheless made a tremendous difference in restoring, or creating from ground zero, a business climate that is more attractive to private investors.
Administrative Barriers to Foreign Investment: Reducing Red Tape in Africa (Occasional Paper (Foreign Investment Advisory Service)) by James J. Emery, Melvin T. (Jr.) Spence, Timothy S. Buehrer, Louis T. Wells