Publication:
World Development Report 2002: Building Institutions for Markets

dc.contributor.authorWorld Bank
dc.date.accessioned2012-04-06T19:46:07Z
dc.date.available2012-04-06T19:46:07Z
dc.date.issued2002
dc.description.abstractMarkets should give incentives to engage in wider trade, forge the ability to use resources, and skills fully, and provide the opportunity to increase incomes, and accumulate assets. Despite underlying problems, many people in both developed, and developing countries do engage in productive, and rewarding market activity, for income from market participation is the key to economic growth for nations, and to reducing poverty for individuals. This report is about enhancing opportunities for poor people in markets, and empower them, provided regulatory frameworks, law enforcement, and organizational promotion accompany market transactions. Hence, building institutions that support the development of markets is the primary focus of this report, analyzing what institutions do to promote growth, and facilitate access, and suggesting how to build effective institutions. In understanding what drives institutional change, the report emphasizes the importance of history, highlighting the need to ensure effective institutions through: a design that complements existing institutions, human capabilities, and available technologies; innovations to identify both institutions that work, and those that do not; communities of market players connected through open information, and trade; and, the promotion of competition among jurisdictions, firms, and individuals. This overview is a presage to the World Development Report 2002, which shows that institutional strength ensures stable, and inclusive growth.en
dc.identifier.doi10.1596/0-1952-1606-7
dc.identifier.isbn978-0-19-521606-6
dc.identifier.isbn0-19-521606-7
dc.identifier.urihttps://hdl.handle.net/10986/5984
dc.languageEnglish
dc.publisherNew York: Oxford University Press
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDevelopment indicators
dc.subjectInstitution building
dc.subjectMarket forces
dc.subjectMarket competition
dc.subjectInstitutional framework
dc.subjectEconomic integration
dc.subjectPoverty reduction strategies
dc.subjectPoverty incidence
dc.subjectMarket integration
dc.subjectHuman development
dc.subjectHuman capital
dc.subjectCapacity building
dc.titleWorld Development Report 2002en
dc.title.subtitleBuilding Institutions for Marketsen
dspace.entity.typePublication
okr.crossref.titleWorld Development Report 2002
okr.date.doiregistration2025-04-15T12:05:39.176774Z
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid850161468336075630
okr.guid348481468156581742
okr.guid682411468160777152
okr.guid402691468175148845
okr.guid704061468138870671
okr.guid580611468339090245
okr.guid379351468315559405
okr.guid228361468140407049
okr.guid832301468330010493
okr.identifier.doi10.1596/0-1952-1606-7
okr.identifier.report22825
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.topicInternational Economics and Trade
okr.topicMacroeconomics and Economic Growth
okr.topicFinance and Financial Sector Development
relation.isSeriesOfPublication47018b9f-dbfb-4ab1-a531-6a598c79a597
relation.isSeriesOfPublication.latestForDiscovery47018b9f-dbfb-4ab1-a531-6a598c79a597
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