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In pursuit of a better business environment: A new project on reform committees
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There is a large body of research that documents that sound business regulatory reforms can help to create a conducive business environment and spur private sector development, which matters for job creation and economic growth. The
Improving the business environment, however, is not easy. Governments face a diverse set of challenges, including how to better organize internally to design and implement reforms, but also achieve their intended goals (i.e. increased competitiveness, more employment creation, etc.) To successfully implement their reform agendas and effectively coordinate across public agencies, countries have developed different institutional mechanisms and reform structures. Unlike exogenous factors, these reform structures are within the scope of influence of policymakers and present an opportunity for governments to act upon and promote change.