LEADER 03974cam a22008895i 4500001 99131234853206421 005 2017120105327.0 006 m o d 007 cr cn||||||||| 008 020129s2009 dcu o i00 0 eng^^ 024 7 10.1596/28141 |2doi 035 (CKB)4920000001212351 035 (The World Bank)28141 035 (US-djbf)28141 035 (EXLCZ)994920000001212351 040 DJBF |beng |cDJBF |erda 110 2 International Finance Corporation. 245 10 Lessons for Reformers : |bHow to Launch, Implement, and Sustain Regulatory Reform. 246 Lessons for Reformers 264 1 Washington, D.C. : |bThe World Bank, |c2009. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Investment Climate Assessment 520 3 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. 650 4 Accountability 650 4 Bankruptcy 650 4 Bureaucracy 650 4 Capital Markets 650 4 Consumer Protection 650 4 Consumers 650 4 Corruption 650 4 Corruption & anticorruption Law 650 4 Debt 650 4 Deregulation 650 4 Developed Countries 650 4 Developing Countries 650 4 Economic Development 650 4 Economic Liberalization 650 4 Economics 650 4 Enterprise Development & Reform 650 4 Financial Crisis 650 4 Financial Sector 650 4 Foreign Direct Investment 650 4 Free Trade Agreements 650 4 Globalization 650 4 Good Governance 650 4 Gross Domestic Product 650 4 Investment Climate 650 4 Job Creation 650 4 Judiciary 650 4 Labor Market 650 4 Law and Development 650 4 Leadership 650 4 Low-Income Countries 650 4 Macroeconomics 650 4 Market Economy 650 4 Marketing 650 4 Monopolies 650 4 Open Markets 650 4 Political Economy 650 4 Private Investment 650 4 Private Sector Development 650 4 Property Rights 650 4 Public Debt 650 4 Regulators 650 4 Rent Seeking 650 4 Rule of Law 650 4 Small Businesses 650 4 Trade Liberalization 650 4 Transaction Costs 650 4 Transparency 650 4 Unemployment 710 2 International Finance Corporation. 710 2 Multilateral Investment Guarantee Agency. 710 2 World Bank. 830 0 Investment Climate Assessment 830 0 World Bank e-Library. 906 BOOK