The so-called developing countries are exhorted to reform their “investment climate”. They will, according to sponsors, find a place in the global economy thanks to bold reforms based on good institutional practices that have been well proven elsewhere. As experience shows however, importing...

Countries referred to as “developing” are being urged more and more to reform their “investment climate”. It is often said that a “good” investment climate leads to both increased economic growth and reduced poverty. In these countries, corrupt government, clientelism, a lack of...

Countries referred to as “developing” are being urged more and more to reform their “investment climate”. It is often said that a “good” investment climate leads to both increased economic growth and reduced poverty. In these countries, corrupt government, clientelism, a lack of...