Publication:
Address to the Overseas Development Council

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dc.contributor.authorWolfensohn, James D.
dc.date.accessioned2017-02-23T21:51:51Z
dc.date.available2017-02-23T21:51:51Z
dc.date.issued1998-03-19
dc.description.abstractJames D. Wolfensohn, President of the World Bank Group, reflected upon the Asian financial crisis. What lessons are there that need to be learned? How do you position the Asian crisis? What went wrong? It is very hard to generalize; there are problems in the banking sector, and the private sector. Yet, the achievements of Asia are real. Fiscal management is excellent. Savings rates are high. Primary school enrollment is near 100 percent. This is no Latin American-style crisis. The Bank is working on two paths to restore confidence in these economies. One is financial and the other is social. There is a need for change in the supervision and control of the banking systems, and for transparency in the corporate sector. The social implications of the crisis are that it is the standard of living of the poor that has suffered the most. Inequality, migration, and unemployment are rising at scary rates. The Bank believes that together with the governments we can look forward to a real future in Asia.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/11/25248224/address-overseas-development-council-conference-asias-coming-explosion-james-d-wolfensohn-president
dc.identifier.doi10.1596/26157
dc.identifier.urihttps://hdl.handle.net/10986/26157
dc.languageEnglish
dc.language.isoen_US
dc.relation.ispartofseriesConference on Asia's Coming Explosion, Washington, D.C., March 19, 1998;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectINTERNATIONAL STANDARDS
dc.subjectBANK SUPERVISORS
dc.subjectEMPLOYMENT
dc.subjectBANKRUPTCY LAWS
dc.subjectDEFICIT
dc.subjectEQUITY
dc.subjectCAPITAL MARKETS
dc.subjectACCOUNTING
dc.subjectFOREIGN DEBT
dc.subjectTRANSPARENCY
dc.subjectBUDGET SURPLUS
dc.subjectFINANCIAL CRISIS
dc.subjectINCOME
dc.subjectFUTURE
dc.subjectPENSIONS
dc.subjectLAWS
dc.subjectJUDGEMENT
dc.subjectBANK
dc.subjectSALARY
dc.subjectGOVERNMENT
dc.subjectEXCHANGE
dc.subjectEXCHANGE MARKETS
dc.subjectLIQUIDITY
dc.subjectBANKING SYSTEMS
dc.subjectMINISTER
dc.subjectFOREIGN BANKS
dc.subjectREORGANIZATION
dc.subjectMARKET
dc.subjectFOREIGN EXCHANGE
dc.subjectCRIME
dc.subjectCORRUPTION
dc.subjectSAVING
dc.subjectCENTRAL BANKS
dc.subjectBANKRUPTCY
dc.subjectMINISTERS
dc.subjectLEVERAGES
dc.subjectLIFE EXPECTANCY
dc.subjectHOLDINGS
dc.subjectEXPOSURE
dc.subjectJUSTICE
dc.subjectBUDGET
dc.subjectFINANCIERS
dc.subjectCOMMUNICATIONS
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectSECURITY
dc.subjectLACK OF TRANSPARENCY
dc.subjectACCOUNTING STANDARDS
dc.subjectCOMMERCIAL CODE
dc.subjectCURRENCY
dc.subjectSOCIAL ISSUE
dc.subjectPOVERTY
dc.subjectFINANCIAL MARKETS
dc.subjectRESTRUCTURING
dc.subjectBANKING
dc.subjectREGULATORS
dc.subjectBANK SUPERVISION
dc.subjectMONETARY FUND
dc.subjectMIGRATION
dc.subjectJUSTICE SYSTEM
dc.subjectGLOBALIZATION
dc.subjectRESTORATION
dc.subjectLENDING
dc.subjectVIOLENCE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectPRIVATE SECTOR DEBT
dc.subjectMARKETS
dc.subjectDEBT
dc.subjectCONFIDENCE
dc.subjectBUDGET DEFICIT
dc.subjectEXCHANGE RATE
dc.subjectGOVERNMENT SECURITY
dc.subjectMEDIUM
dc.subjectBANKERS
dc.subjectSOCIAL ISSUES
dc.subjectLABOR
dc.subjectGOVERNMENTS
dc.subjectFINANCIAL SECTOR
dc.subjectINTERNATIONAL BANKS
dc.subjectFINANCIAL SYSTEM
dc.subjectREAL ESTATE
dc.subjectFINANCE
dc.subjectFOREIGN CURRENCY
dc.subjectBANKING SECTOR
dc.subjectCOMPETITION
dc.subjectBANKS
dc.subjectESTATE
dc.titleAddress to the Overseas Development Councilen
dc.typeSpeechen
dc.typeDiscoursfr
dc.typeDiscursoes
dspace.entity.typePublication
okr.crossref.titleAddress to the Overseas Development Council
okr.date.disclosure2015-11-05
okr.date.doiregistration2025-05-08T13:35:38.090991Z
okr.doctypeSpeech
okr.docurlhttp://documents.worldbank.org/curated/en/2015/11/25248224/address-overseas-development-council-conference-asias-coming-explosion-james-d-wolfensohn-president
okr.guid671431467991045973
okr.identifier.externaldocumentum090224b083194371_1_0
okr.identifier.internaldocumentum25248224
okr.identifier.report99940
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/05/090224b083194371/1_0/Rendered/PDF/Address0to0the0lfensohn00President.pdfen
okr.topicPublic Sector Development::Public Sector Corruption/Anticorruption Measures
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicGovernance::Governance and the Financial Sector
okr.topicPoverty Reduction::Inequality
okr.topicPrivate Sector Development::Corporate Social Responsibility
okr.unitOffice of the President (EXC)
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6. Speeches by James D. Wolfensohn (1995-2005)