Barriers and Opportunities for Enhancing Capital Flows
In the COMCEC Member Countries
112
4. Quality of the financial regulatory system
 Very good  Good  Fair  Poor  Very poor
5. Access of foreigners to local capital market
 Very good  Good  Fair  Poor  Very poor
6. Access to medium-term finance for investment
 Very good: easy access to foreign and domestic
financial markets for the entire range of financial
instruments
 Good: reasonable access, but impaired in at least one
category, usually equity finance
 Fair: access to foreign markets mainly for foreign-
owned firms. Can tap domestic bank finance, but limited
availability of other vehicles
 Poor investment mainly self-financed. Limited bank
finance
 Very poor: acute shortage of investment finance
**1. Incidence of strikes; working days lost per 1,000
population per year
 Very low: if less than 2
 Low: if between 2 and 10.5
 Moderate: if between 10.6 and 32
 High: if between 32.1 and 60
 Very high: if more than 60
*2. Labour costs adjusted for productivity (costs measured
by average hourly dollar earnings in manufacturing;
productivity proxied by GDP per head at PPP)
 Very low: if index (US=100) less than 30
 Low: if between 30 and 60
 Moderate: if between 60.1 and 120
 High: if between 120.1 and 160
 Very high: if more than 160
Sources for wage data: US Department of Labor,
International Labor Comparisons ; UNIDO, Industry and
Development; International Labour Office, International
Labour Statistics Yearbook.
IX Labour market and skills