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World Development Report 1991

This report is the fourteenth in an annual series assessing major development issues. This report synthesizes and interprets the lessons of more than forty years of development experience. Together with last year's report on poverty and next year's on the environment, it seeks to provide a...

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Bibliographic Details
Main Author: World Bank
Format: Online
Language:English
Published: New York: Oxford University Press 2012
Subjects:
Online Access:https://hdl.handle.net/10986/5974
https://doi.org/10.1596/978-0-1952-0868-9
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author World Bank
author_facet World Bank
author_sort World Bank
collection Publicaciones institucionales emblemáticas
description This report is the fourteenth in an annual series assessing major development issues. This report synthesizes and interprets the lessons of more than forty years of development experience. Together with last year's report on poverty and next year's on the environment, it seeks to provide a comprehensive overview of the development agenda. The 1990s began with dramatic changes, as many countries in Eastern Europe and elsewhere initiated ambitious reforms of their economic and political systems. Against the backdrop of these transitions, this report links the historical debates that counseled policymakers in their past decisions, the lessons of experience, and the evolving thought on how best to proceed. One of the most valuable lessons relates to the interaction between the state and the market in fostering development. It describes a market-friendly approach in which governments allow markets to function well, and in which governments concentrate their interventions on areas in which markets prove inadequate. The report looks at four main aspects of the relationship between governments and markets: (a) investing in people; (b) the climate for enterprises to flourish; (c) the integration of countries with the global economy; and (d) a stable macroeconomic foundation for sustained progress. The report stresses that, above all, the future of developing countries is in their own hands. Domestic policies and institutions hold the key to successful development.
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spelling wb-10986-59742025-04-15T12:06:58Z World Development Report 1991 The Challenge of Development The Challenge of Development World Bank debt economic conditions economic development economic growth economic policies economics labor force political economy tax reform wages This report is the fourteenth in an annual series assessing major development issues. This report synthesizes and interprets the lessons of more than forty years of development experience. Together with last year's report on poverty and next year's on the environment, it seeks to provide a comprehensive overview of the development agenda. The 1990s began with dramatic changes, as many countries in Eastern Europe and elsewhere initiated ambitious reforms of their economic and political systems. Against the backdrop of these transitions, this report links the historical debates that counseled policymakers in their past decisions, the lessons of experience, and the evolving thought on how best to proceed. One of the most valuable lessons relates to the interaction between the state and the market in fostering development. It describes a market-friendly approach in which governments allow markets to function well, and in which governments concentrate their interventions on areas in which markets prove inadequate. The report looks at four main aspects of the relationship between governments and markets: (a) investing in people; (b) the climate for enterprises to flourish; (c) the integration of countries with the global economy; and (d) a stable macroeconomic foundation for sustained progress. The report stresses that, above all, the future of developing countries is in their own hands. Domestic policies and institutions hold the key to successful development. 2012-04-06T19:45:21Z 2012-04-06T19:45:21Z 1991 0-19-520868-4 978-0-19-520868-9 https://hdl.handle.net/10986/5974 https://doi.org/10.1596/978-0-1952-0868-9 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf New York: Oxford University Press
spellingShingle debt
economic conditions
economic development
economic growth
economic policies
economics
labor force
political economy
tax reform
wages
World Bank
World Development Report 1991
title World Development Report 1991
title_full World Development Report 1991
title_fullStr World Development Report 1991
title_full_unstemmed World Development Report 1991
title_short World Development Report 1991
title_sort world development report 1991
topic debt
economic conditions
economic development
economic growth
economic policies
economics
labor force
political economy
tax reform
wages
url https://hdl.handle.net/10986/5974
https://doi.org/10.1596/978-0-1952-0868-9
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