dc.contributor.author	World Bank
dc.date.accessioned	2012-04-06T19:45:23Z
dc.date.available	2012-04-06T19:45:23Z
dc.date.issued	1996
dc.description.abstract	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.	en
dc.identifier.doi	10.1596/978-0-1952-1107-8
dc.identifier.isbn	0-19-521107-3
dc.identifier.isbn	978-0-19-521107-8
dc.identifier.uri	https://hdl.handle.net/10986/5979
dc.language	English
dc.publisher	New York: Oxford University Press
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	economic outcomes
dc.subject	economic systems
dc.subject	free markets
dc.subject	human capital
dc.subject	inefficiency
dc.subject	livving standards
dc.subject	natural resources
dc.subject	productivity
dc.subject	property rights
dc.subject	safety nets
dc.title	World Development Report 1996	en
dc.title.subtitle	From Plan to Market	en
dspace.entity.type	Publication
okr.crosscuttingsolutionarea	Public-Private Partnerships
okr.crossref.title	World Development Report 1996
okr.date.doiregistration	2025-04-15T11:13:34.135744Z
okr.date.doiregistration	2025-04-19T02:16:46.528273Z
okr.globalpractice	Macroeconomics and Fiscal Management
okr.globalpractice	Environment and Natural Resources
okr.globalpractice	Finance and Markets
okr.guid	917191468155732199
okr.guid	976471468316441603
okr.guid	413521468167980298
okr.guid	874361468331901763
okr.guid	876041468157791337
okr.guid	584511468175430567
okr.guid	566461468339576022
okr.guid	694471468156890550
okr.guid	810861468325781119
okr.guid	252591468149960997
okr.identifier.doi	10.1596/978-0-1952-1107-8
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.topic	Macroeconomics and Economic Growth
okr.topic	Finance and Financial Sector Development
okr.topic	Environment
okr.topic	Private Sector Development
okr.volume	1 of 1
relation.isSeriesOfPublication	47018b9f-dbfb-4ab1-a531-6a598c79a597
relation.isSeriesOfPublication.latestForDiscovery	47018b9f-dbfb-4ab1-a531-6a598c79a597

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World Development Report 1996: From Plan to Market