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World Development Report 1996

This World Development Report examines the transition of countries with alternative systems of centrally planned economies back to a market orientation. These countries seceded from the world market economy between 1917 and 1950 and now face a massive restructuring task. This transition goes beyond...

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Autor principal: World Bank
Formato: Online
Idioma:inglês
Publicado em: New York: Oxford University Press 2012
Assuntos:
Acesso em linha:https://hdl.handle.net/10986/5979
https://doi.org/10.1596/978-0-1952-1107-8
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author World Bank
author_facet World Bank
author_sort World Bank
collection Publicaciones institucionales emblemáticas
description This World Development Report examines the transition of countries with alternative systems of centrally planned economies back to a market orientation. These countries seceded from the world market economy between 1917 and 1950 and now face a massive restructuring task. This transition goes beyond typical reforms because the change is deep and systemic, requiring the establishment of key market institutions. This report analyzes two sets of overarching questions. The first series focuses on the initial challenges of transition and how different countries have responded. It examines: (i) whether differences in transition policies and outcomes reflect different reform strategies, or whether they reflect primarily country-specific factors such as economic structure, the level of development, or the impact of simultaneous political changes; (ii) whether strong liberalization and stabilization policies are needed up front, or if other reforms can progress equally well without them; (iii) whether privatization is necessary early in the reform process or at all; and (iv) whether there has to be a gulf between winners and losers from transition. The second set of questions looks beyond these challenges to the longer-term agenda of consolidating the reforms by developing the institutions and policies that will help the new market system to flourish. It focuses on: (i) how countries in transition should develop and strengthen the rule of law and control corruption and organized crime; (ii) how they can build effective financial systems; (iii) how governments should restructure themselves to meet the needs of a market system; (iv) how countries can preserve and adapt their human skills base; (v) why international integration is so vital for transition, and what the implications are for trading partners and capital flows; and (vi) how external assistance can best support countries in transition.
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spelling wb-10986-59792025-04-19T02:16:46Z World Development Report 1996 From Plan to Market World Bank economic outcomes economic systems free markets human capital inefficiency livving standards natural resources productivity property rights safety nets This World Development Report examines the transition of countries with alternative systems of centrally planned economies back to a market orientation. These countries seceded from the world market economy between 1917 and 1950 and now face a massive restructuring task. This transition goes beyond typical reforms because the change is deep and systemic, requiring the establishment of key market institutions. This report analyzes two sets of overarching questions. The first series focuses on the initial challenges of transition and how different countries have responded. It examines: (i) whether differences in transition policies and outcomes reflect different reform strategies, or whether they reflect primarily country-specific factors such as economic structure, the level of development, or the impact of simultaneous political changes; (ii) whether strong liberalization and stabilization policies are needed up front, or if other reforms can progress equally well without them; (iii) whether privatization is necessary early in the reform process or at all; and (iv) whether there has to be a gulf between winners and losers from transition. The second set of questions looks beyond these challenges to the longer-term agenda of consolidating the reforms by developing the institutions and policies that will help the new market system to flourish. It focuses on: (i) how countries in transition should develop and strengthen the rule of law and control corruption and organized crime; (ii) how they can build effective financial systems; (iii) how governments should restructure themselves to meet the needs of a market system; (iv) how countries can preserve and adapt their human skills base; (v) why international integration is so vital for transition, and what the implications are for trading partners and capital flows; and (vi) how external assistance can best support countries in transition. 2012-04-06T19:45:23Z 2012-04-06T19:45:23Z 1996 0-19-521107-3 978-0-19-521107-8 https://hdl.handle.net/10986/5979 https://doi.org/10.1596/978-0-1952-1107-8 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 application/pdf application/pdf application/pdf application/pdf New York: Oxford University Press
spellingShingle economic outcomes
economic systems
free markets
human capital
inefficiency
livving standards
natural resources
productivity
property rights
safety nets
World Bank
World Development Report 1996
title World Development Report 1996
title_full World Development Report 1996
title_fullStr World Development Report 1996
title_full_unstemmed World Development Report 1996
title_short World Development Report 1996
title_sort world development report 1996
topic economic outcomes
economic systems
free markets
human capital
inefficiency
livving standards
natural resources
productivity
property rights
safety nets
url https://hdl.handle.net/10986/5979
https://doi.org/10.1596/978-0-1952-1107-8
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