World Development Report
1996 : from plan to market |
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. |
|
1996/06/27 |
Author: |
n/a |
Document Type: |
World Development Report |
Report No: |
15892 |
Collection Title: |
n/a |
Volume Title: |
n/a |
Volume No: |
1 |
Country, Region or Area: |
n/a |
Region: |
n/a |
Sector: |
Finance |
Sub-Sector: |
Capital markets |
Project Name/ID: |
n/a |
Credit No: |
n/a |
Loan No: |
n/a |
Trust Fund No/Name: |
n/a |
Date Stored: |
2002/08/16 |
|
|
|
|
Use
the free Adobe Acrobat
Reader to view pdf files. |
© 2004 The World Bank Group, All
Rights Reserved. Legal. |
|