Publication:
World Development Report 2002: Building Institutions for Markets

dc.contributor.author World Bank
dc.date.accessioned 2012-04-06T19:46:07Z
dc.date.available 2012-04-06T19:46:07Z
dc.date.issued 2002
dc.description.abstract Markets 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.isbn 978-0-19-521606-6
dc.identifier.isbn 0-19-521606-7
dc.identifier.uri http://hdl.handle.net/10986/5984
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 Development indicators
dc.subject Institution building
dc.subject Market forces
dc.subject Market competition
dc.subject Institutional framework
dc.subject Economic integration
dc.subject Poverty reduction strategies
dc.subject Poverty incidence
dc.subject Market integration
dc.subject Human development
dc.subject Human capital
dc.subject Capacity building
dc.title World Development Report 2002 en
dc.title.subtitle Building Institutions for Markets en
dspace.entity.type Publication
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/0-1952-1606-7
okr.identifier.report 22825
okr.language.supported en
okr.peerreview Academic Peer Review
okr.topic International Economics and Trade
okr.topic Macroeconomics and Economic Growth
okr.topic Finance and Financial Sector Development
relation.isSeriesOfPublication 47018b9f-dbfb-4ab1-a531-6a598c79a597
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