{"product_id":"federated-states-of-micronesia-penny-hill-press-9781532787652","title":"Federated States of Micronesia: Investment Climate Statement 2015","description":"While the government of the Federated States of Micronesia (FSM) expresses public interest in finding ways to increase foreign investment, there are many structural impediments to foreign investment and economic progress in general that would require constitutional change, which is unlikely in the foreseeable future. Many political leaders at both the state and national level are owners of the largest businesses on the islands, and strongly oppose the needed structural changes that would increase competition to their own interests. The FSM scores in the lowest quintile in almost all measures of economic activity and the climate for doing business.The most important impediments derive from land and contract issues. Foreign ownership of land is prohibited; most land is owned and passed on within the clan structure, leading to conflicting title claims, the need to negotiate leases with multiple parties, and the possibility of dramatic changes when the original senior lessor dies. There is no system for land title insurance in any of the four states. The combination of these factors placed the FSM at 189 out of 189 in registering property in the World Bank Doing Business report.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Penny Hill Press,United States Department of State\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1532787650\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781532787652\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/17\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 24\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.18lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 11.02h x 8.50w x 0.05d","brand":"Penny Hill Press","offers":[{"title":"Paperback","offer_id":48445319414015,"sku":"9781532787652","price":12.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_f9291bd7-7a1e-4135-9bfd-ffdda1402223.jpg?v=1777217903","url":"https:\/\/www.whiterainbookhouse.com\/products\/federated-states-of-micronesia-penny-hill-press-9781532787652","provider":"WR Book House","version":"1.0","type":"link"}