GOOD corporate governance and the transparency it brings, is a key element in the bargaining power of countries to attract investors, especially when transparency is part and parcel of good business practices rather than stringent regulation.
Since all countries need foreign direct investment (FDI) to continue to drive their economies, the perception that industry in a country pays heed to a balance of regulation and good, ethical business practices can make a country attractive to investors, according to Enrique J Rueda-Sabater of the World Bank.