Download e-book for kindle: Administrative Barriers to Foreign Investment: Reducing Red by James J. Emery, Melvin T. (Jr.) Spence, Timothy S. Buehrer,

By James J. Emery, Melvin T. (Jr.) Spence, Timothy S. Buehrer, Louis T. Wells

ISBN-10: 0585343551

ISBN-13: 9780585343556

ISBN-10: 0821346296

ISBN-13: 9780821346297

While at each flip, they discover a new twist, or a brand new requirement, international traders in Africa may be simply discouraged from establishing companies. even though many African governments have liberalized and reformed funding guidelines and advertise themselves as funding websites, the truth dealing with traders differs enormously. to aid swap the 'lack of investor reaction' to Africa's enticements, this booklet examines the executive constraints to funding in different African international locations. It offers the adventure that confronts traders after they manage an organization. The case histories display how the morass of licenses, approvals, allows, and different specifications that bring about undue delays and unexpected charges motivate bribery and corruption and foster an atmosphere of pervasive uncertainty for all traders. The chapters are divided into 4 components, which correspond approximately to the chronological strategy of funding. they're: 1) common approvals, licenses, and registrations; 2) really good approvals; three) requisites to achieve entry to land, web site improvement, and application connections; and four) operational specifications. This book can be of curiosity to govt officers, teachers, and funding agencies.

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Extra info for Administrative Barriers to Foreign Investment: Reducing Red Tape in Africa (Occasional Paper (Foreign Investment Advisory Service))

Sample text

147 The Impact on Mozal 147 The Impact on Future Investors 151 Benefits for Both Mega-Projects and Smaller Projects 153 7. Reproducing the Case-based Approach 161 What Are the Essential Characteristics? 161 Improving the Model 170 A Program for Reducing Red Tape 172 Appendixes 1. Mozambique: the Country 175 2. The Aluminum Smelting Process 179 3. Red-tape Study 181 Notes 187 Page vii FIGURES AND TABLES Administrative Barriers to Investment in Africa Figures 1. Steps for a Foreign Manufacturing Operation in Uganda 20 2.

FIAS encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. A. Library of Congress Cataloging-in-Publication Data has been applied for. Page iii CONTENTS Figures and Tables vii Preface ix Administrative Barriers to Investment in Africa James J. Emery, Melvin T. Spence, Jr. 1 Acknowledgments 2 Acronyms 2 Executive Summary 3 Methodology 5 Conclusion: The Red Tape Analysis 7 1. Introduction 9 Liberalization and Reform 10 The Lack of Investor Response 13 Administrative Barriers to Investment 15 The Analytical Approach 18 Antecedents 22 Administrative Constraints in Sub-Saharan Africa 24 Page iv 2.

Many countries in Africa have been receptive to advice from FIAS and many other advisors, and have made substantial progress in improving the basic framework for FDI. Yet, despite these improvements, FDI flows to Africa have continued to languish. In searching for the reasons for this stagnation FIAS and others have dug deeper into the investment environment and have uncovered a maze of second-order administrative barriers to the implementation and operations of investments. These barriers can affect both domestic and foreign private investors but they may have a disproportionate impact on foreign investors who usually have higher visibility and who tend to adhere more strictly to legal requirements.

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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


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