The Governance Gauge: Building a Competitive Investment Climate

We hope you’re enjoying your Sunday, and hope that this weekend’s Governance Gauge will get you ready for the coming week! For more reading materials, our reading list is constantly updated.

“Building a Competitive First Nation Investment Climate” is a 2014 joint work by various experts at the Tulo Centre of Indigenous Economics. The book, despite its focus on Canadian Native (First Nation) as opposed to generic (such as SEZ) investment attraction, delivers amazing insight on the attraction of business. Examinations of tax, regulatory, property, contract enforcement and various other factors are soberly examined with thorough sourcing and sound reasoning of the best practices for doing business according to WB and other standards.

The book is split into 7 chapters which refer to (in order): indigenous economics, basics of the investment climate, property, law, fiscal environment, infrastructure and administrative networks.

Creators of zones and societies will find chapters 3, 5 and 6 extremely insightful on the subject of infrastructure, property rights and making investment “feel at home” in zones of attraction.

Policymakers and analysts can take a look at chapters 4 and 7 for the legal and administrative how-to of any zone — the principles listed here are almost universal in their application and the book is replete with great insights.

Scholars and experts may use chapters 1 and 2 for fundamental economic insights and information on what the book explains in later chapters: transaction costs and investment attraction theory, and not tools.

The book can be downloaded for FREE here.