World Bank - Private sector development in low-income countries, Page 93

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title	:	Private Sector Development in Low-income Countries Development in Practice (Washington, D.C.)
author	:
publisher	:	World Bank
isbn10 | asin	:	0821334786
print isbn13	:	9780821334782
ebook isbn13	:	9780585273327
language	:	English
subject	Non-governmental organizations--Developing countries, Developing countries--Economic policy, Developing countries--Economic conditions.
publication date	:	1995
lcc	:	HC59.7.P72125 1995eb
ddc	:	330.91724
subject	:	Non-governmental organizations--Developing countries, Developing countries--Economic policy, Developing countries--Economic conditions.

Page iii Private Sector Development in Low-Income Countries The World Bank Washington D.C.

Page iv 1995 The International Bank for Reconstruction and Development / THE WORLD BANK All rights reserved Manufactured in the United States of America First printing December 1995 The Development in Practice series publishes reviews of the World Bank's activities in different regions and sectors. It lays particular emphasis on the progress that is being made and on the policies and practices that hold the most promise of success in the effort to reduce poverty in the developing world. This book is a product of the staff of the World Bank, and the judgments made herein do not necessarily reflect the views of its Board of Executive Directors or the countries they represent. Photo credits: World Bank ISBN 0-8213-3478-6

Page v Contents Foreword ix Acknowledgments xii Acronyms and Abbreviations xiii Definitions and Data Notes xiv Overview 1 1 From state to marketuneven progress 23 Recent policy reforms 23 Fast and slow growers 24 The drag of public enterprises 38 Regulation and barriers to competitiona harsh business environment 42 Poor quality of physical infrastructure and human resources 43 The reform agenda 46 2 Establishing an attractive business environmentagile firms, agile institutions 51 The private sector's assessment of the business environment 52 Foundations of a dynamic private sector 55 Secure, flexible transactions 58 Competitionand simplified regulation 63 Enterprise development 79 Efficient infrastructure 85

Page vi The agenda for developing an attractive yet competitive business environment 91 3 Reforming public enterprisefarther and faster 93 Public enterprises are not performing well 96

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