OSCE’s Best-Practice Guide for a Positive Business and Investment has been developed in response to a request made by the OSCE participating States that the Organization should facilitate higher levels of information availability and experience-sharing on best practices in the areas of investment and small and medium-size enterprise (SME) development.
The principal objective of this Guide is to assist OSCE countries in their efforts to improve the business climate and promote domestic and foreign investment. Rather than being technical in character, the Guide focuses on practical recommendations that are comprehensible not only to experts and academics but also to policymakers, officials and opinion-makers.
The Guide differs from documents by well-known agencies in the fields of foreign direct investment (FDI), and SME development and business climate reform such as the Organisation for Economic Co-operation and Development (OECD), the World Bank, the International Finance Corporation (IFC), the Foreign Investment Advisory Service (FIAS), the Multilateral
Investment Guidance Agency (MIGA), the United Nations Conference on Trade and Development (UNCTAD), and the United Nations Industrial Development Organization (UNIDO), which have all gathered a tremendous amount of experience, resources and expertise in these areas. Rather than replicate work by the leading experts, the Guide proposes to embrace the key concepts developed by these organizations and recommend to OSCE participating States those practices that have proved successful; the intention is to present – key concepts and best practices to policymakers in a compelling and practical way. The Guide is also distinctive in the following respects:
- It focuses on the economies of the OSCE, and in particular on the economies of the Commonwealth of Independent States (CIS);
- Rather than being technical in character, it focuses on practical recommendations that are comprehensible not only to experts and academics but also to policymakers, officials and opinion-makers;
- Without being directly prescriptive, it offers policy guidance through best practice examples from countries in the OSCE area that have made significant strides in business climate improvement and economic development in recent years.
The objective of the Guide is to assist States, particularly those in the OSCE area, to develop new approaches to improving their investment and business climates. It has been prepared primarily to be used by policymakers and those active in the business and investment community in the OSCE area, and contains analysis of effective and innovative policies and good practices drawn from OSCE countries. Rather than elaborating on the technical rationale for measures favourable to business climates, the Guide provides recommendations, country examples, and resources that are intended to motivate its readers and provide them with mechanisms to conduct their own research on the subject.