Wolfensohn, James D.2017-02-242017-02-241999-03-01https://hdl.handle.net/10986/26165James D. Wolfensohn, President of the World Bank Group, discussed the global financial architecture and developing countries. A stable financial architecture cannot be achieved without the proper structural, institutional, social and human foundations needed to make a modern market economy work. He identified the elements that should guide the choices of national governments, and the work that international institutions can do to assist them, and partnerships and co-operation between institutions. These include, first, good governance, strong public institutions, and a system that fights corruption; second, strong legal and a justice system able to guarantee the execution of those laws; and third, a well-regulated financial superstructure. Our social agenda should begin with those elements at the very heart of ensuring an opportunity at all levels of society: a good health system and an education system available to boys and girls equally. The environment is a crucial element in our foundation. We must resist a one-size-fits-all approach. At the Bank we work toward a comprehensive development framework agreed with each partner country.en-USCC BY 3.0 IGOEMPLOYMENTMONETARY POLICYRISKSCAPITAL MARKETSMARKET COUNTRIESACCOUNTINGCOUNTRIESPRODUCTIONBRIBERYFINANCIAL MANAGEMENTSTOCKGLOBAL MARKETSINTERESTLAWSEXCHANGESTRATEGIESCOUNTRY ASSISTANCEMACROECONOMIC POLICYGOOD GOVERNANCEDEVELOPING COUNTRIESCORRUPTIONBANKRUPTCYDEVELOPING COUNTRYINSTRUMENTSSAFETY NETSEMERGING MARKET ECONOMIESDRIVERSGOVERNANCE STANDARDSANTI-BRIBERYEMERGING MARKET COUNTRIESCORPORATE GOVERNANCE STANDARDSINSTITUTION BUILDINGCOMMUNICATIONSADVANCED COUNTRIESLEGAL SYSTEMSCREDITSSAVINGSGLOBAL ECONOMYCLIENT COUNTRIESASSISTANCE STRATEGYRESTRUCTURINGAGREEMENTSPRIVATIZATIONSEXCHANGE RATESINITIATIVEGLOBALIZATIONEMERGING MARKETFINANCIAL INSTITUTIONSMARKETSDEBTORGANIZATIONSCONFIDENCESOCIAL PROTECTIONSTANDARDSLABORLOANSSOCIAL DEVELOPMENTINVENTORYFINANCIAL SYSTEMFINANCEFOOD PRODUCTIONMARKET ECONOMIESBANKSMARKET ECONOMYUNEMPLOYMENTINTERNATIONAL STANDARDSSOCIAL SAFETY NETSGOODECONOMIC COSTSPOLICIESTRANSPARENCYFINANCIAL CRISISFINANCIAL CAPITALFUTUREPOLITICAL DISTURBANCEBANKWORLD ECONOMYBRIBERY CONVENTIONCOLLAPSEBANK CREDITSEXCHANGESMULTILATERAL DEVELOPMENTBANKRUPTCY PROCEDURESEXPENDITURESAGENCIESBEST PRACTICECAPITAL FLOWSGLOBAL RISKSCOUNTRYASSETSFINANCIAL ANALYSISMARKETSUPERVISION OF BANKSSTRONG CORPORATE GOVERNANCEPOLICYMEDIAMANAGEMENTGOVERNANCEINSURANCELABOR STANDARDSJUSTICEGOODSSECURITYLEGAL SYSTEMGLOBAL FINANCIAL SYSTEMRISKORGANIZATIONCOMPANY BEHAVIORCOMPETITION POLICIESPOVERTYCLEAN WATERCRISESBANKINGCOMPREHENSIVE DEVELOPMENT FRAMEWORKHIPCJUSTICE SYSTEMLENDINGGLOBAL FINANCETRANSITION ECONOMIESSTRATEGYFINANCIAL SECTORGOVERNMENTSSAFETYCOMMODITYSTOCK EXCHANGESCOUNTRY ASSISTANCE STRATEGYSERVICEGUARANTEEDEBT RELIEFCORPORATE GOVERNANCECOMPETITIONSpeechWorld Bank10.1596/26165