THE LEGAL AND REGULATORY ENVIRONMENT - African …：美国的法律和监管环境-非洲….pdf

36 African Development Report 2011 Chapter 2 : THE LEGAL AND REGULATORY ENVIRONMENT Africa’s legal and regulatory environment ranks amongst the least business friendly in the world. Excessive business regulations, complicated permit procedures, and opaque tax assessment rules are among the major business regulatory issues noted. This chapter assesses the key challenges facing businesses, including impartiality of the court system, predictability of regulatory changes, building efficient and transparent institutions, simplifying business registration and start up, as well as for property registration and titling. It then assesses private sector competitiveness and the regulatory environment in Africa and discusses reforming the business environment. The chapter concludes that introducing one-stop shops for entrepreneurs, making the minimum capital requirement to start a business affordable, simplifying taxes, promoting fair competition, and strengthening insolvency laws would significantly help the private sector develop and thrive. Historical Evolution Over the past few years, African countries have adopted an increasing number of reforms seeking To develop, the private sector requires a legal and to transform the legal and regulatory environment regulatory environment that fosters business and and encourage competition, free trade, and FDI. Yet the business climate in the region still remains is backed by strong institutions with effective