The DCED defines the business environment as a complex of policy, legal, institutional, and regulatory conditions that govern business activities (DCED, 2008). It is a sub-set of the investment climate. Business environment reform (BER) aims to reduce the costs and risks of business activity by improving poor government policies, laws and regulations, and by stimulating competition through new market entrants.
The DCED Business Environment Working Group have produced the following video introducing the approach:
Photo credits: Simon Davis/DFID; Tran Viet Duc/Bronwyn Cruden, Global Affairs; UNSOM/ Somali Ministry of Trade dialogue with youth innovators, flickr.com; Canada DFID, solar energy, flickr.com