In Washington: Economic Governance Index (EGI) Gauges Doing Business in Asia
March 12, 2008
San Francisco and Washington, D.C.
Berkeley, CA – March 26, 2008
Palo Alto, CA – March 27, 2008
San Francisco, CA – March 28, 2008
Washington, D.C. – April 1, 2008
The Asia Foundation has pioneered a tool called the local “Economic Governance Index” (EGI) as a way to measure business-friendliness of local governments in Cambodia, Vietnam, Indonesia, Sri Lanka, and the Philippines. The EGI highlights the provinces that are most open to private enterprise and least encumbered by red-tape when it comes to business start-up, for example: entry and licensing costs, inspections and registration waiting periods, transparency, and access to training and legal institutions.
The governments of these provinces have embraced the EGI as a tool to help them measure local reforms and government performance, and there has been increased public attention when index standings are announced, resulting in healthy competition among provinces. As a result, businesses and entrepreneurs have begun to see the index as a useful means of deciding where to put businesses. A team of economic experts are hosting a series of programs this Spring on this important effort to support increased business activity through the use of the Economic Governance Index. We hope you are able to join one of the presentations.
Bruce Tolentino, Director of Economic Reform and Development Programs at The Asia Foundation, San Francisco
Edmund Malesky, Asia Foundation partner and Assistant Professor, University of California, San Diego
Veronique Salze-Lozac’h, Regional Director of Economic Reform and Development Programs, The Asia Foundation, Cambodia
Neil McCulloch, Director of Economic Programs, The Asia Foundation, Indonesia
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About our blog, In AsiaIn Asia is a weekly in-depth, in-country resource for readers who want to stay abreast of significant events and issues shaping Asia\’s development, hosted by The Asia Foundation. Drawing on the first-hand insight of over 70 renowned experts in over 20 countries, In Asia delivers concentrated analysis on issues affecting each region of Asia, as well as Foundation-produced reports and polls.
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