Business Enabling Environments
The business enabling environment (BEE) includes norms and customs, laws, regulations, policies, international trade agreements and public infrastructure that either facilitate or hinder the movement of a product or service along its value chain. Reform of the policy environment can result in substantial benefits for an economy including faster growth, less unemployment, more gains from trade, greater formalization, reduced poverty, less corruption and lower budget deficits. Improving the business environment by lifting constraints and filling gaps in the regulatory and administrative support mechanisms is central to any comprehensive competitiveness strategy for a targeted value chain. Similarly, understanding how norms and customs affect interactions between value chain actors and the way economic transactions occur is essential to the design of effective interventions to foster behavior that increases value chain competitiveness.
Read more about Business Enabling Environment in the Good Practice Center.