The predictability of a transition economy's institutional framework may well influence the amount of foreign direct investment and economic growth the economy can expect. Building reliable institutions that support a market system is widely believed to be critical to a successful economic...

In preparation for the World Development Report 1997 we conducted a world-wide private sector survey which included a part on government-related obstacles to doing business. Entrepreneurs were asked to rate a list of 15 obstacles for their seriousness. This paper presents the results of almost...