Document: Simplification of Business Regulation at the Sub-National Level - A Reform Implementation Toolkit for Project Teams

Sub-national political entities, whether states, provinces, regional governments or municipalities, have an important function in fostering a sound business climate. The consequences of ineffective, excessive or, in some instances, inappropriate regulation generally have adverse effects on investment and economic development.
Fostering a vibrant business climate is a development prerogative, intended to contribute to private sector development and positive economic outcomes. The benefits which may accrue from such a business climate include increased investment, productivity, and employment as well as reduced corruption. The emphasis in this toolkit is on sub-national regulation generally and municipal regulations specially.