Distinguished Lectures

Investment Climate, Growth and Employment

Date : 1/21/2003

Speakers : Nicholas Stern, the World Bank

Evidence suggests that improving the investment climate is key to accelerating growth of income and employment in Egypt. Building a better climate for firms to invest, generate jobs and grow is one of the two main pillars of a strategy for development. Before outlining that strategy and discussing why improvements in the investment climate matter and how they can be promoted, the lessons of development experience on which this strategy is based must be examined. This DLS addressed: 1- How important is the investment climate for growth and employment?2- How do countries improve the business environment?3- What are the implications of the lessons of experience for Egypt?