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AbstractWhile there have been several attempts to measure the investment climate, by far the most widely recognised measure is the World Bank's Doing Business indicators (DBIs), ranking some 200 countries on their ease of doing business. Methodological criticisms have failed to dent their stature. This article is based on case studies of Pacific Island countries that demonstrate that identical reforms in different countries are assigned rankings so widely divergent that they call into question the validity of the DBIs. The findings cast doubt on targeting improved DBI rankings as a policy goal. Our case studies are the first to provide detailed country evidence supporting the criticisms levelled against the DBIs on conceptual grounds.

Cover -- Title Page -- Copyright -- Contents -- About the Editors -- Notes on Contributors -- Foreword -- Foreword: Implementation of the SDGs -- Preface -- Introduction -- Part One: Overview and Context -- Part Two: Where Will the Money Come From? Financing the SDGs -- Part Three: Technology, Innovation, and Entrepreneurship -- Part Four: Facilitating the SDGs by Legal Infrastructure Reform -- Part I Overview and Context -- 1 The UN and Goal Setting: From the MDGs to the SDGs -- Introduction -- What Is Development? -- Is There a Right to Development? -- Measuring Economic Development -- Measuring Non-Economic Aspects of Development -- The Sustainable Development Goals (SDGs) -- Situating the SDGs in the International Legal Framework -- Theories of Development: Towards a New Theory of Sustainable Development -- Economic Theories of Development -- Cultural Theories of Development -- Geographic Theories of Development -- Institutional Theories of Development -- A New Theory of Sustainable Development -- Measuring Progress Towards the SDGs -- Conclusions -- 2 SDGs and the Role of International Financial Institutions -- Introduction -- Response and Implementation of the SDGs by IFIs -- Project Processing and Actions Taken by IFIs to Implement the SDGs, and Responses from Other Development Actors -- Conclusion and Recommendations for IFIs to Meet SDG Goals and Targets -- 3 Towards a New Global Narrative for the Sustainable Development Goals -- Introduction -- How SMART Are the SDGs? -- Goals That Stretch -- Goals That Inspire -- Sloganising the SDGs -- Towards a New Global Narrative? -- Conclusion -- 4 Overcoming Scarcity: The Paradox of Abundance: Harnessing Digitalisation in Financing Sustainable Development -- Scarcity: The Paradox of Abundance -- Financing: A Systemic Challenge -- Action on System Design -- Digital Financing of the SDGs.