Surveys have shown that, in general, developing countries tend to regulate the set-up processes for firms more intensively than developed countries. In particular, while many developing countries tend to integrate licensing requirements in the set-up process ('set-up licensing'), the more...

Capacity building is a key activity in ensuring regulatory agencies can fulfil their mandate effectively. Without adequate institutional structures, processes and professional human resources, regulatory agencies are unlikely to be able to act in a credible manner. Lack of credibility impacts...