long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between … able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world …

This paper makes the case for greater transparency of investment incentives and explores how governments can enhance … transparency of these measures, notably for investment facilitation purposes. It proposes three overarching principles of …