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Book Multiple Country Investment Climate Statement 2015

Download or read book Multiple Country Investment Climate Statement 2015 written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-03-25 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 1 includes the Investment Climate Statement 2015 for the following countries: Argentina, Armenia, Bahrain, Belgium, Bermuda, Bosnia and Herzegovina, Botswana, Brunei, Canada, Costa Rica, Czech Republic, Denmark, Dominican Republic, Finland, Georgia, Guatemala and Guyana.

Book Multiple Country Investment Climate Statement 2015

Download or read book Multiple Country Investment Climate Statement 2015 written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-03-25 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 2 includes the Investment Climate Statement 2015 for the following countries: Indonesia, Kosovo, Lebanon, Luxembourg, Macedonia, Malawi, Mexico, Mongolia, Oman, Poland, Republic of the Congo, Slovenia, Spain, The Netherlands, Venezuela, West Bank and Gaza.

Book Investment Climate Reforms

Download or read book Investment Climate Reforms written by World Bank World Bank and published by World Bank Publications. This book was released on 2015-11-02 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private firms are at the forefront of the development process, providing more than 90 percent of jobs, supplying goods and services, and representing a significant source of tax revenues. Their ability to grow, create jobs, and reduce poverty depends critically on a well-functioning investment climate--defined as the policy, legal, and institutional arrangements underpinning the functioning of markets and the level of transaction costs and risks associated with starting, operating, and closing a business. The World Bank Group has provided extensive support to investment climate reforms. This evaluation by the Independent Evaluation Group (IEG) assesses the relevance, effectiveness, and social value of World Bank Group support to investment climate reforms as it relates to concerns for inclusion and shared prosperity. IEG finds that the World Bank Group has supported a comprehensive menu of investment climate reforms and has improved investment climate in countries, as measured by number of laws enacted, streamlining of processes and time, or simple cost savings for private firms. However, the impact on investment, jobs, business formation, and growth is not straightforward. Regulatory reforms need to be designed and implemented with both economic and social costs and benefits in mind; IEG found that, in practice, World Bank Group support focuses predominantly on reducing costs to businesses. In supporting investment climate reforms, the World Bank and the International Finance Corporation use two distinct but complementary business models. Despite the fact that investment climate is the most integrated business unit in the World Bank Group, coordination is mostly informal, relying mainly on personal contacts. IEG recommends that the World Bank Group expand its range of diagnostic tools and integrate them in the areas of the business environment not yet covered by existing tools; develop an approach to identify the social effects of regulatory reforms on all groups expected to be affected by them beyond the business community; and exploit synergies by ensuring that World Bank and IFC staff improve their understanding of each other's work and business models.

Book Spain  Investment Climate Statement 2015

Download or read book Spain Investment Climate Statement 2015 written by United States United States Department of State and published by . This book was released on 2015-06-17 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spain is open and seeking to attract additional foreign investment, particularly to help spur recovery from its recent economic crisis. Spain's well-educated work force, excellent infrastructure, large domestic market, and export possibilities have attracted foreign companies in large numbers over the past three decades. Spanish law permits foreign ownership in investments up to 100 percent, and capital movements are completely liberalized. In 2014, gross new foreign direct investment reached EUR 17.626 billion, with the six main investors in Spain being the United States, Luxembourg, the United Kingdom, France, Mexico, and the Netherlands. This investment focused particularly on activities related to real estate, finance and insurance, manufacturing and sales.Spain emerged from its recession in the third quarter of 2013. Even with a high unemployment rate - 23.7 percent as of the first quarter of 2015 - and significant household and public indebtedness, the economy continued to recover in 2014 and has benefited from a resurgence in domestic consumption. The government attributes this turn-around in part to the economic reforms it implemented beginning in 2012, the largest in the country's democratic history, which streamlined budgets and loosened labor laws to make hiring and firing easier. As part of this effort, the government sharply curbed public spending, which helped stabilize the fiscal situation. Major economic imbalances have been corrected, and competitiveness and flexibility are being restored.The government also implemented a series of labor market reforms and the restructuring of the banking system, all measures aimed at improving the efficiency in the allocation of resources, the full effects of which were visible by the end of 2014. To avoid the fragmentation of the domestic market emerging from differences of central, regional and local regulation, the 2013 Market Unity Guarantee Act was adopted. The law aims to rationalize the regulatory framework for economic activities, eliminating duplicative administrative controls by implementing a single license system that facilitates the free flow of goods and services throughout Spain. Spain has regained access to affordable financing from international financial markets, which has improved Spain's credibility and solvency, in turn generating more investor confidence. However, the Spanish government has yet to improve access to financing for small and medium-sized enterprises (SMEs), which still suffer from an important credit crunch.In implementing its fiscal consolidation program, the government has taken actions which negatively affect U.S. and other investors in the renewable energy sector on a retroactive basis. As a result, Spain is facing several international arbitration claims. Spain is a member of both the International Centre for Settlement of Investment Disputes (ICSID Convention) and the 1958 Recognition and Enforcement of Foreign Arbitral Awards (New York Convention). Spanish law protects property rights and those of intellectual property. The government has amended the Intellectual Property Act, the Civil Procedure Law, and the Penal Code to strengthen online protection. Still, internet piracy has continued to increase over the past several years.Spain and the United States have a Friendship, Navigation and Commerce (FCN) Treaty, and a Bilateral Taxation Treaty (1990), which was subsequently amended in 2013 and went into force in December of 2014.

Book Indonesia

    Book Details:
  • Author : United States United States Department of State
  • Publisher : CreateSpace
  • Release : 2015-06-17
  • ISBN : 9781514388440
  • Pages : 24 pages

Download or read book Indonesia written by United States United States Department of State and published by CreateSpace. This book was released on 2015-06-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Indonesia's population of 245 million, growing middle class, and stable economy remain attractive to U.S. investors, investing in Indonesia remains challenging. This report focuses on challenges foreign investors face rather than the range of investment opportunities. Since October 2014, the Indonesian government under President Joko Widodo has prioritized boosting investment, including foreign investment, to support Indonesia's economic growth goals, and has committed to reducing bureaucratic barriers to investment, including announcing the creation of a "one stop shop" for permits and licenses at the Investment Coordination Board. However, factors such as a decentralized decision-making process, legal uncertainty, economic nationalism, and powerful domestic vested interests create a complex and difficult investment climate. The Indonesian government's requirements, both formal and informal, to partner with Indonesian companies and purchase goods and services locally, restrictions on some imports and exports, and pressure to make substantial, long-term investment commitments, also factor into foreign investors' plans. While the Indonesian Corruption Eradication Commission continues to investigate and prosecute high-profile corruption cases, a recent case involving the National Police has led some to question the Commission's future influence. Investors continue to cite corruption as an obstacle to pursuing opportunities in Indonesia. Other barriers include poor government coordination, the slow rate of land acquisition for infrastructure projects, poor enforcement of contracts, an uncertain regulatory environment, and lack of transparency in the development of laws and regulations. New regulations are at times difficult to decipher and often lack sufficient notice and socialization for those impacted. The lack of coordination among ministries creates redundant and slow processes, such as for securing business licenses and import permits, and at times, conflicting regulations. Indonesia restricts foreign investment in some sectors with a negative investment list. The latest version, issued in 2014, details the sectors in which foreign investment is restricted and outlines the foreign equity limits in a number of sectors. Some of the restricted sectors include: telecommunications, pharmaceuticals, e-commerce, film and creative industries, and construction. Of note, the energy and mining sector face significant investment barriers. Indonesia began to abrogate its more than 60 existing Bilateral Investment Treaty agreements (BITs) in February 2014, allowing the agreements to expire as soon as they allow. While the United States does not have a BIT with Indonesia, the Indonesian government's action reminds foreign investors of the unpredictability of Indonesia's investment climate. Despite these challenges, Indonesia continues to attract foreign investment. Private consumption is the backbone of the economy and the middle class is growing, making Indonesia a promising place for consumer product companies. Indonesia has ambitious plans to improve its infrastructure with a focus on strengthening its maritime transport corridors, which includes building roads, ports, railways and airports, as well as improving agricultural production, telecommunications, and broadband networks throughout the country. Indonesia continues to attract U.S. franchises and consumer product manufacturers. For many companies, Indonesia's investment grade rating, growing middle class, and young population make the country an attractive destination for long term investment.

Book Italy

    Book Details:
  • Author : United States United States Department of State
  • Publisher : Createspace Independent Publishing Platform
  • Release : 2016-04-17
  • ISBN : 9781532788345
  • Pages : 28 pages

Download or read book Italy written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-04-17 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Italy welcomes foreign direct investment (FDI). As a European Union (EU) member state, Italy is bound by the membership's treaties and laws. Under the EU treaties with the United States, Italy is generally obliged to provide national treatment to U.S. investors established in Italy or in another EU member state. Exceptions include access to government subsidies for the film industry; capital requirements for banks domiciled in non-EU member countries; and restrictions on non-EU-based airlines operating domestic routes. Italy also has investment restrictions in the shipping sector. EU and Italian antitrust laws provide local authorities with the right to review mergers and acquisitions over a certain financial threshold. The Italian government may block mergers involving foreign firms if it is determined to be essential to the national economy or if the government of the foreign firm applies discriminatory measures against Italian firms. Foreign investors in the defense or aircraft manufacturing sectors are more likely to encounter resistance from the many ministries charged with approving foreign acquisitions. Finmeccanica, a state-controlled defense conglomerate, operates domestically in these sectors.

Book Kosovo Investment Climate Statement 2015

    Book Details:
  • Author : United States United States Department of State
  • Publisher : Createspace Independent Publishing Platform
  • Release : 2016-03-24
  • ISBN : 9781530701001
  • Pages : 24 pages

Download or read book Kosovo Investment Climate Statement 2015 written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-03-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Republic of Kosovo declared independence from Serbia in 2008. Kosovo's neighbor to the north, Serbia does not recognize it as a sovereign state, but has begun to normalize relations in accordance with the Brussels Agreement of April 2013. With a population of 1.8 million and land area 6,765 square miles, landlocked Kosovo is considered Europe's poorest country, yet it does have some mineral and coal deposits. Kosovo's official unemployment rate is 30.9 percent, although some estimates are as high as 45 percent. In an effort to foster economic development, the Government of Kosovo (GoK) has implemented reforms to improve the investment climate, prompting improved rankings in the World Bank's Doing Business reports from 81 (2014) to 75 (2015). Kosovo is continuing efforts to transform its socialist legacy to a market-oriented economy, and the GoK is working to strengthen the legal environment necessary to attract and retain foreign investment. Corruption, practiced and perceived, and a lack of contract enforcement create high barriers to foreign investment. According to the World Bank, Kosovo's economy is characterized by: limited integration into the global economy; the success of its Diaspora in foreign labor markets, resulting in a steady stream of remittances; pro-growth budgetary priorities; and continued international financial support. Vocal political opposition to the government's privatization policies, corruption, political or self-interested interference by government officials, disagreements over asset ownership between Kosovo and Serbia, and unreliable energy supply increase the risk and cost of investments in Kosovo. Despite these challenges, Kosovo's relatively young population, low labor costs, and abundant natural resources have attracted foreign investment, with several international firms and franchises already present in the market. There are opportunities for U.S. businesses to invest, especially in the food, IT, infrastructure, and energy sectors. The newly-elected government is seeking to further improve the business climate through the adoption of a multi-year development program focused on providing incentives for economic growth. These include amendments to tax and foreign investment legislation. The banking sector in Kosovo is stable and liquid, but high interest rates stifle commercial endeavors, prompting the government to enter into credit-guarantee arrangements with international donors to improve access to credit for businesses.

Book Indonesia Investment Climate Statement 2015

Download or read book Indonesia Investment Climate Statement 2015 written by United States United States Department of State and published by . This book was released on 2016-03-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Indonesia's population of 245 million, growing middle class, and stable economy remain attractive to U.S. investors, investing in Indonesia remains challenging. This report focuses on challenges foreign investors face rather than the range of investment opportunities. Since October 2014, the Indonesian government under President Joko Widodo has prioritized boosting investment, including foreign investment, to support Indonesia's economic growth goals, and has committed to reducing bureaucratic barriers to investment, including announcing the creation of a "one stop shop" for permits and licenses at the Investment Coordination Board. However, factors such as a decentralized decision-making process, legal uncertainty, economic nationalism, and powerful domestic vested interests create a complex and difficult investment climate. The Indonesian government's requirements, both formal and informal, to partner with Indonesian companies and purchase goods and services locally, restrictions on some imports and exports, and pressure to make substantial, long-term investment commitments, also factor into foreign investors' plans. While the Indonesian Corruption Eradication Commission continues to investigate and prosecute high-profile corruption cases, a recent case involving the National Police has led some to question the Commission's future influence. Investors continue to cite corruption as an obstacle to pursuing opportunities in Indonesia. Other barriers include poor government coordination, the slow rate of land acquisition for infrastructure projects, poor enforcement of contracts, an uncertain regulatory environment, and lack of transparency in the development of laws and regulations. New regulations are at times difficult to decipher and often lack sufficient notice and socialization for those impacted. The lack of coordination among ministries creates redundant and slow processes, such as for securing business licenses and import permits, and at times, conflicting regulations. Indonesia restricts foreign investment in some sectors with a negative investment list. The latest version, issued in 2014, details the sectors in which foreign investment is restricted and outlines the foreign equity limits in a number of sectors. Some of the restricted sectors include: telecommunications, pharmaceuticals, e-commerce, film and creative industries, and construction. Of note, the energy and mining sector face significant investment barriers. Indonesia began to abrogate its more than 60 existing Bilateral Investment Treaty agreements (BITs) in February 2014, allowing the agreements to expire as soon as they allow. While the United States does not have a BIT with Indonesia, the Indonesian government's action reminds foreign investors of the unpredictability of Indonesia's investment climate. Despite these challenges, Indonesia continues to attract foreign investment. Private consumption is the backbone of the economy and the middle class is growing, making Indonesia a promising place for consumer product companies. Indonesia has ambitious plans to improve its infrastructure with a focus on strengthening its maritime transport corridors, which includes building roads, ports, railways and airports, as well as improving agricultural production, telecommunications, and broadband networks throughout the country. Indonesia continues to attract U.S. franchises and consumer product manufacturers. For many companies, Indonesia's investment grade rating, growing middle class, and young population make the country an attractive destination for long term investment.

Book Kosovo

    Book Details:
  • Author : United States United States Department of State
  • Publisher : CreateSpace
  • Release : 2015-06-17
  • ISBN : 9781514388457
  • Pages : 24 pages

Download or read book Kosovo written by United States United States Department of State and published by CreateSpace. This book was released on 2015-06-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Republic of Kosovo declared independence from Serbia in 2008. Kosovo's neighbor to the north, Serbia does not recognize it as a sovereign state, but has begun to normalize relations in accordance with the Brussels Agreement of April 2013. With a population of 1.8 million and land area 6,765 square miles, landlocked Kosovo is considered Europe's poorest country, yet it does have some mineral and coal deposits. Kosovo's official unemployment rate is 30.9 percent, although some estimates are as high as 45 percent. In an effort to foster economic development, the Government of Kosovo (GoK) has implemented reforms to improve the investment climate, prompting improved rankings in the World Bank's Doing Business reports from 81 (2014) to 75 (2015). Kosovo is continuing efforts to transform its socialist legacy to a market-oriented economy, and the GoK is working to strengthen the legal environment necessary to attract and retain foreign investment. Corruption, practiced and perceived, and a lack of contract enforcement create high barriers to foreign investment. According to the World Bank, Kosovo's economy is characterized by: limited integration into the global economy; the success of its Diaspora in foreign labor markets, resulting in a steady stream of remittances; pro-growth budgetary priorities; and continued international financial support. Vocal political opposition to the government's privatization policies, corruption, political or self-interested interference by government officials, disagreements over asset ownership between Kosovo and Serbia, and unreliable energy supply increase the risk and cost of investments in Kosovo. Despite these challenges, Kosovo's relatively young population, low labor costs, and abundant natural resources have attracted foreign investment, with several international firms and franchises already present in the market. There are opportunities for U.S. businesses to invest, especially in the food, IT, infrastructure, and energy sectors. The newly-elected government is seeking to further improve the business climate through the adoption of a multi-year development program focused on providing incentives for economic growth. These include amendments to tax and foreign investment legislation. The banking sector in Kosovo is stable and liquid, but high interest rates stifle commercial endeavors, prompting the government to enter into credit-guarantee arrangements with international donors to improve access to credit for businesses.

Book Costa Rica

    Book Details:
  • Author : United States United States Department of State
  • Publisher : CreateSpace
  • Release : 2015-06-17
  • ISBN : 9781514387795
  • Pages : 24 pages

Download or read book Costa Rica written by United States United States Department of State and published by CreateSpace. This book was released on 2015-06-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Costa Rica is located in Central America. Costa Rica's investment climate has been for many years generally favorable. Consequently, foreign direct investment is high and has been a significant contributor to Costa Rica's economic growth. The country's legal and cultural environment continues to present stumbling blocks to investors. Nevertheless, challenges to the country's competitiveness, including rising operating costs, a complicated legal environment, excessive bureaucratic red tape, and infrastructure deficiencies, are fueling caution on the part of investors. Costa Rica's continued popularity as an investment destination is well illustrated by historic FDI which climbed steadily from the year 2000 (USD 409 million) to 2008 (over USD 2 billion), and reaching a high of over USD 2.6 billion (5.4 percent of GDP) in 2013 before dropping back to USD 2.1 billion in recently released figures for 2014. In recent decades the Costa Rican government has focused on attracting relatively high-tech manufacturers and service companies that demand skilled labor, introduce new technologies and often run robust Corporate Social Responsibility (CSR) programs. The vast majority of these companies establish themselves in Free Trade Zones that enjoy certain fiscal benefits. Consistent with this orientation, the Costa Rican government was aggressive in signing free-trade agreements, tax information agreements and generally participating in the global arena under former President Laura Chinchilla. The current Solis administration, which took office on May 8, 2014, has been aggressive in seeking FDI inflows and has prioritized foreign visits to potential investors in Asia, Europe and the Americas. Despite years of trade liberalization, the Costa Rican economy is not as advanced as this export-led development might suggest. The legal system, while solid and generally uncorrupt, can be very slow and often disappointing. Invasion and occupation of private property by squatters, who are often organized and sometimes violent, does occur in Costa Rica. The Costa Rican police and judicial system have at times failed to deter or to peacefully resolve such invasions. Much of Costa Rica's basic infrastructure - ports, roads, water systems - needs major upgrading. In a significant step forward for port infrastructure, Dutch-based APM Terminals broke ground in early 2015 on its long-delayed USD 1 Billion megaport on the Caribbean coast. Private-public partnerships as well as concessions continue to face numerous legal and procedural challenges that have delayed, or in some cases, canceled key infrastructure projects. Even China, which has sought to invest in two major infrastructure upgrades, has seen these projects stalled by bureaucratic and legal concerns.

Book Shock Waves

    Book Details:
  • Author : Stephane Hallegatte
  • Publisher : World Bank Publications
  • Release : 2015-11-23
  • ISBN : 1464806748
  • Pages : 227 pages

Download or read book Shock Waves written by Stephane Hallegatte and published by World Bank Publications. This book was released on 2015-11-23 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.

Book West Bank and Gaza

    Book Details:
  • Author : United States United States Department of State
  • Publisher : CreateSpace
  • Release : 2015-06-17
  • ISBN : 9781514388938
  • Pages : 24 pages

Download or read book West Bank and Gaza written by United States United States Department of State and published by CreateSpace. This book was released on 2015-06-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Palestinian economy is small and relatively open, with several large holding companies dominating certain sectors. Palestinian businesses have a reputation for their professionalism as well as the quality of their products. Large Palestinian enterprises are internationally connected, with partnerships extending to Asia, Europe, the Gulf, and the Americas. Due to the small size of the local market, access to foreign markets through trade is essential for private sector growth. However, restrictions on the movement and access of goods and people between the West Bank, the Gaza Strip, and external markets imposed by the Government of Israel (GOI) continue to have a deleterious effect on the private sector and limit economic growth. Private sector opportunities are constrained in Gaza due the de facto rule of Hamas, which has been designated as a foreign terrorist organization (FTO), combined with GOI restrictions on many imports and most exports. Since 2007, the West Bank's economy has made significant progress- primarily due to improved security, economic and legal reforms, international donor support and the easing of GOI restrictions - economic growth slowed drastically during 2013 and contracted in 2014. Gross Domestic Product (GDP) growth in the West Bank and Gaza was 2 percent in 2013 and in 2014 declined to nearly 1 percent, down from a combined average 9 percent GDP growth in 2010- 2012. According to international organizations, the decline in 2014 is mainly a result of that summer's conflict in Gaza, the ongoing political conflict with Israel, the uncertainty in the Palestinian Authority's (PA) ability to pay salaries, and the accumulation of high levels of private sector arrears. In 2014, donor countries provided the PA USD 1.030 billion to support its budget, about USD 297 million short of the amount needed to cover the PA's recurrent deficit. Future economic growth depends on a series of factors; an easing of Israeli movement and access restrictions, further expanding external trade and private sector growth, improved PA governance on commercial regulation, political stability, Israel prompt releasing the PA's customs and VAT revenues, and the general recovery of global and regional economic growth. Economic sectors that are not dependent on traditional infrastructure and freedom of movement, such as information and communications technologies (ICT), are able to grow somewhat independent of these factors, enjoying greater success in the Palestinian territories during the past decade. According to the Palestinian Bureau of Statistics (PCBS), the unemployment rate in the Palestinian territories is 26.5 percent, with a disproportionate effect on youth: between the ages of 20-24 where unemployment is at a rate of 45.6 percent. In addition, the workforce is expected to significantly expand in the coming years as 47.1 percent of the population of the West Bank and Gaza is currently below the age of 18. The labor force is relatively well-educated, boasting a high literacy rate, with high technology penetration and familiarity with overseas markets. Wages are low relative to Israel, but higher than other neighboring Arab countries. In January 2013, the PA implemented the first Palestinian minimum wage, set at NIS 1,450 (USD 389) per month. Palestinians remain dependent on the public sector, which employs 22.9 percent of the workforce. The PA depends primarily on the transfer of its customs and VAT revenue, which Israel collects on the PA's behalf, to cover its operational expenses, including its wage bill.

Book Costa Rica Investment Climate Statement 2015

    Book Details:
  • Author : United States United States Department of State
  • Publisher : Createspace Independent Publishing Platform
  • Release : 2016-03-24
  • ISBN : 9781530700196
  • Pages : 24 pages

Download or read book Costa Rica Investment Climate Statement 2015 written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-03-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Costa Rica is located in Central America. Costa Rica's investment climate has been for many years generally favorable. Consequently, foreign direct investment is high and has been a significant contributor to Costa Rica's economic growth. The country's legal and cultural environment continues to present stumbling blocks to investors. Nevertheless, challenges to the country's competitiveness, including rising operating costs, a complicated legal environment, excessive bureaucratic red tape, and infrastructure deficiencies, are fueling caution on the part of investors. Costa Rica's continued popularity as an investment destination is well illustrated by historic FDI which climbed steadily from the year 2000 (USD 409 million) to 2008 (over USD 2 billion), and reaching a high of over USD 2.6 billion (5.4 percent of GDP) in 2013 before dropping back to USD 2.1 billion in recently released figures for 2014. In recent decades the Costa Rican government has focused on attracting relatively high-tech manufacturers and service companies that demand skilled labor, introduce new technologies and often run robust Corporate Social Responsibility (CSR) programs. The vast majority of these companies establish themselves in Free Trade Zones that enjoy certain fiscal benefits. Consistent with this orientation, the Costa Rican government was aggressive in signing free-trade agreements, tax information agreements and generally participating in the global arena under former President Laura Chinchilla. The current Solis administration, which took office on May 8, 2014, has been aggressive in seeking FDI inflows and has prioritized foreign visits to potential investors in Asia, Europe and the Americas. Despite years of trade liberalization, the Costa Rican economy is not as advanced as this export-led development might suggest. The legal system, while solid and generally uncorrupt, can be very slow and often disappointing. Invasion and occupation of private property by squatters, who are often organized and sometimes violent, does occur in Costa Rica. The Costa Rican police and judicial system have at times failed to deter or to peacefully resolve such invasions. Much of Costa Rica's basic infrastructure - ports, roads, water systems - needs major upgrading. In a significant step forward for port infrastructure, Dutch-based APM Terminals broke ground in early 2015 on its long-delayed USD 1 Billion megaport on the Caribbean coast. Private-public partnerships as well as concessions continue to face numerous legal and procedural challenges that have delayed, or in some cases, canceled key infrastructure projects. Even China, which has sought to invest in two major infrastructure upgrades, has seen these projects stalled by bureaucratic and legal concerns.

Book OECD Investment Policy Reviews  Nigeria 2015

Download or read book OECD Investment Policy Reviews Nigeria 2015 written by OECD and published by OECD Publishing. This book was released on 2015-05-21 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Investment Policy Review examines Nigeria’s investment policies in light of the OECD Policy Framework for Investment (PFI), a tool to mobilise investment in support of economic growth and sustainable development.

Book Thailand

    Book Details:
  • Author : United States United States Department of State
  • Publisher :
  • Release : 2016-04-23
  • ISBN : 9781532887291
  • Pages : 40 pages

Download or read book Thailand written by United States United States Department of State and published by . This book was released on 2016-04-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the May 2014 coup and installation of an interim military-led government, Thailand continues to maintain an open market-oriented economy and encourages foreign direct investment as a means of promoting economic development, employment, and technology transfer. In recent decades, Thailand has been a major destination for foreign direct investment, and hundreds of U.S. companies have successfully invested in Thailand. Thailand continues to welcome investment from all countries and seeks to avoid dependence on any one country as a source of investment. Economic impacts to tourism and retail businesses resulting from months of political impasse leading up to the May 2014 coup eroded growth for the year, but public and private sector analysts forecast 2015 growth to be between 3-4%. Investors remain cautiously confident that the Thai economy will retain its well-known resiliency and resume growth; however, many companies are also carefully considering market factors, including the country's declining competitiveness, when making future investment decisions.

Book Cabo Verde

    Book Details:
  • Author : United States United States Department of State
  • Publisher : Createspace Independent Publishing Platform
  • Release : 2016-04-15
  • ISBN : 9781532751912
  • Pages : 24 pages

Download or read book Cabo Verde written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-04-15 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government of Cabo Verde (GOCV) looks to both private and foreign investment to drive the country's future economic growth with a focus on tourism, transportation services, renewable energy, and export-oriented industries. A great effort has been made to promote a market-oriented economic model and in 2014, Cabo Verde achieved its highest economic freedom score (66.1), making its 3rd out of 46 countries in the Sub-Saharan Africa region. The World Bank, International Monetary Fund (IMF), United States, and many other donors have endorsed and supported the GOCV's economic liberalization policies. All investors, regardless of their nationality, have the same rights and are subject to the same duties and obligations under the laws of Cabo Verde.

Book Capital Markets and Portfolio Investment

Download or read book Capital Markets and Portfolio Investment written by and published by Indonesia National Development Information Office. This book was released on 1996 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: