World Bank's Experience with Structural Reforms for Growth and Development
The World Bank Group has come a long way in supporting structural reforms in its member countries. The most remarkable feature of its long 35 years and continuing journey has been its ability to listen, learn and adjust over time. It learnt relativ...
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26395356/world-banks-experience-structural-reforms-growth-development http://hdl.handle.net/10986/24360 |
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okr-10986-243602021-05-25T09:51:45Z World Bank's Experience with Structural Reforms for Growth and Development Swaroop, Vinaya TARIFFS FINANCIAL RESTRUCTURING MARKET EFFICIENCY CAPITAL MARKETS STRUCTURAL ADJUSTMENT ECONOMIC GROWTH PRICE DISTORTIONS FINANCIAL DEEPENING FINANCIAL MANAGEMENT FISCAL DEFICITS MACROECONOMIC MANAGEMENT CARBON INCOME INTEREST BUSINESS INVESTMENT PRIVATIZATION INDUSTRY INTEREST RATE EXCHANGE BALANCE OF PAYMENTS MACROECONOMIC POLICY FINANCIAL DEREGULATION FINANCIAL RESOURCES RESOURCE ALLOCATION GOOD GOVERNANCE SERVICES DEVELOPING COUNTRIES PUBLIC SERVICES POLITICAL ECONOMY HOUSING REVENUES FISCAL POLICY INCENTIVES MODELS DOMESTIC PRICE BORROWERS SUBSIDY PRICE SAVING CONDITIONALITY INFLATION DEVELOPED COUNTRIES SAFETY NETS EMPIRICAL ANALYSIS INSTITUTION BUILDING INTERNATIONAL FINANCE SAVINGS TECHNICAL ASSISTANCE OIL CLIENT COUNTRIES IMPORT QUOTAS TRANSPORT LOW-INCOME COUNTRIES RESOURCE MOBILIZATION PRODUCTIVITY INTEREST RATES LABOR PRODUCTIVITY TRANSFERS QUOTAS FINANCIAL INSTITUTIONS MARKETS DEBT FOREIGN CAPITAL FLOWS PRIVATE INVESTMENT DEFICITS PUBLIC FINANCE PRIVATE SECTOR DEVELOPMENT MIDDLE-INCOME COUNTRIES ECONOMIC POLICIES PUBLIC SERVICE PROVISION LOANS LABOR ENTERPRISES PRICE SUBSIDIES SOCIAL DEVELOPMENT FINANCIAL SYSTEM SUBSIDIES FINANCE LIBERALIZATION EFFICIENCY GRANTS ADMINISTRATIVE COSTS INFRASTRUCTURE TAXES TAX REFORMS FISCAL DEFICIT RESOURCES UNEMPLOYMENT EMERGING MARKETS EQUITY DEREGULATION PRODUCTIVITY GROWTH SOCIAL SAFETY NETS HUMAN CAPITAL ACCOUNTABILITY ECONOMIC PERFORMANCE CLIMATE CHANGE TRANSPARENCY SOCIAL SERVICES ENVIRONMENTAL MANAGEMENT BARRIERS BANK FAILURES FOREIGN FINANCING BANK CREDIT MACROECONOMICS PUBLIC ENTERPRISES SUSTAINABLE GROWTH INCOME DISTRIBUTION EXPENDITURES CAPITAL FLOWS JOB CREATION INSTITUTIONAL CAPACITY TRANSACTION COSTS ENVIRONMENT FOREIGN EXCHANGE ECONOMIC SITUATION ECONOMICS SPECULATIVE BUBBLES DEMOCRACIES REGULATORY CONSTRAINTS GOVERNANCE SHAREHOLDERS EXPOSURE TRADE GOVERNMENT OWNERSHIP SECURITY REFORM PROGRAMS GROWTH RATE INVESTMENT NATURAL RESOURCE SCARCITY ECONOMIC CRISIS FINANCE CORPORATION FINANCIAL MARKETS BUSINESS ENVIRONMENT COMPETITIVE MARKETS FINANCIAL SUPPORT INVESTMENTS LENDING RAPID GROWTH EXTERNAL FINANCING REFORM PROGRAM MACROECONOMIC POLICIES COMMODITIES INSTITUTIONAL CAPACITIES ENVIRONMENTAL FINANCIAL SYSTEMS LABOR MARKETS COMMODITY PRICES FINANCIAL SECTOR GOVERNMENTS CIVIL SERVICE COMMODITY STRUCTURAL UNEMPLOYMENT PRICES CURRENT ACCOUNT BALANCES ECONOMIES COMPETITION The World Bank Group has come a long way in supporting structural reforms in its member countries. The most remarkable feature of its long 35 years and continuing journey has been its ability to listen, learn and adjust over time. It learnt relatively quickly that reform ownership is a necessary requirement for countries to support and sustain reforms. At the same time, it realized that reform implementation critically depends on credible institutions and good governance, which are frequently missing in its member countries, particularly the low-income ones. It also noted that over time the structure of reforms for promoting growth and development evolves, reflecting both changes in internal country conditions and a changing global environment. These important realizations are reflected in the evolution of the World Bank Group’s policies and practice for supporting structural reforms, and help sustain a culture of learning from experience. 2016-05-26T21:37:07Z 2016-05-26T21:37:07Z 2016-05 Working Paper http://documents.worldbank.org/curated/en/2016/05/26395356/world-banks-experience-structural-reforms-growth-development http://hdl.handle.net/10986/24360 English en_US MFM Discussion Paper;No. 11 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
TARIFFS FINANCIAL RESTRUCTURING MARKET EFFICIENCY CAPITAL MARKETS STRUCTURAL ADJUSTMENT ECONOMIC GROWTH PRICE DISTORTIONS FINANCIAL DEEPENING FINANCIAL MANAGEMENT FISCAL DEFICITS MACROECONOMIC MANAGEMENT CARBON INCOME INTEREST BUSINESS INVESTMENT PRIVATIZATION INDUSTRY INTEREST RATE EXCHANGE BALANCE OF PAYMENTS MACROECONOMIC POLICY FINANCIAL DEREGULATION FINANCIAL RESOURCES RESOURCE ALLOCATION GOOD GOVERNANCE SERVICES DEVELOPING COUNTRIES PUBLIC SERVICES POLITICAL ECONOMY HOUSING REVENUES FISCAL POLICY INCENTIVES MODELS DOMESTIC PRICE BORROWERS SUBSIDY PRICE SAVING CONDITIONALITY INFLATION DEVELOPED COUNTRIES SAFETY NETS EMPIRICAL ANALYSIS INSTITUTION BUILDING INTERNATIONAL FINANCE SAVINGS TECHNICAL ASSISTANCE OIL CLIENT COUNTRIES IMPORT QUOTAS TRANSPORT LOW-INCOME COUNTRIES RESOURCE MOBILIZATION PRODUCTIVITY INTEREST RATES LABOR PRODUCTIVITY TRANSFERS QUOTAS FINANCIAL INSTITUTIONS MARKETS DEBT FOREIGN CAPITAL FLOWS PRIVATE INVESTMENT DEFICITS PUBLIC FINANCE PRIVATE SECTOR DEVELOPMENT MIDDLE-INCOME COUNTRIES ECONOMIC POLICIES PUBLIC SERVICE PROVISION LOANS LABOR ENTERPRISES PRICE SUBSIDIES SOCIAL DEVELOPMENT FINANCIAL SYSTEM SUBSIDIES FINANCE LIBERALIZATION EFFICIENCY GRANTS ADMINISTRATIVE COSTS INFRASTRUCTURE TAXES TAX REFORMS FISCAL DEFICIT RESOURCES UNEMPLOYMENT EMERGING MARKETS EQUITY DEREGULATION PRODUCTIVITY GROWTH SOCIAL SAFETY NETS HUMAN CAPITAL ACCOUNTABILITY ECONOMIC PERFORMANCE CLIMATE CHANGE TRANSPARENCY SOCIAL SERVICES ENVIRONMENTAL MANAGEMENT BARRIERS BANK FAILURES FOREIGN FINANCING BANK CREDIT MACROECONOMICS PUBLIC ENTERPRISES SUSTAINABLE GROWTH INCOME DISTRIBUTION EXPENDITURES CAPITAL FLOWS JOB CREATION INSTITUTIONAL CAPACITY TRANSACTION COSTS ENVIRONMENT FOREIGN EXCHANGE ECONOMIC SITUATION ECONOMICS SPECULATIVE BUBBLES DEMOCRACIES REGULATORY CONSTRAINTS GOVERNANCE SHAREHOLDERS EXPOSURE TRADE GOVERNMENT OWNERSHIP SECURITY REFORM PROGRAMS GROWTH RATE INVESTMENT NATURAL RESOURCE SCARCITY ECONOMIC CRISIS FINANCE CORPORATION FINANCIAL MARKETS BUSINESS ENVIRONMENT COMPETITIVE MARKETS FINANCIAL SUPPORT INVESTMENTS LENDING RAPID GROWTH EXTERNAL FINANCING REFORM PROGRAM MACROECONOMIC POLICIES COMMODITIES INSTITUTIONAL CAPACITIES ENVIRONMENTAL FINANCIAL SYSTEMS LABOR MARKETS COMMODITY PRICES FINANCIAL SECTOR GOVERNMENTS CIVIL SERVICE COMMODITY STRUCTURAL UNEMPLOYMENT PRICES CURRENT ACCOUNT BALANCES ECONOMIES COMPETITION |
| spellingShingle |
TARIFFS FINANCIAL RESTRUCTURING MARKET EFFICIENCY CAPITAL MARKETS STRUCTURAL ADJUSTMENT ECONOMIC GROWTH PRICE DISTORTIONS FINANCIAL DEEPENING FINANCIAL MANAGEMENT FISCAL DEFICITS MACROECONOMIC MANAGEMENT CARBON INCOME INTEREST BUSINESS INVESTMENT PRIVATIZATION INDUSTRY INTEREST RATE EXCHANGE BALANCE OF PAYMENTS MACROECONOMIC POLICY FINANCIAL DEREGULATION FINANCIAL RESOURCES RESOURCE ALLOCATION GOOD GOVERNANCE SERVICES DEVELOPING COUNTRIES PUBLIC SERVICES POLITICAL ECONOMY HOUSING REVENUES FISCAL POLICY INCENTIVES MODELS DOMESTIC PRICE BORROWERS SUBSIDY PRICE SAVING CONDITIONALITY INFLATION DEVELOPED COUNTRIES SAFETY NETS EMPIRICAL ANALYSIS INSTITUTION BUILDING INTERNATIONAL FINANCE SAVINGS TECHNICAL ASSISTANCE OIL CLIENT COUNTRIES IMPORT QUOTAS TRANSPORT LOW-INCOME COUNTRIES RESOURCE MOBILIZATION PRODUCTIVITY INTEREST RATES LABOR PRODUCTIVITY TRANSFERS QUOTAS FINANCIAL INSTITUTIONS MARKETS DEBT FOREIGN CAPITAL FLOWS PRIVATE INVESTMENT DEFICITS PUBLIC FINANCE PRIVATE SECTOR DEVELOPMENT MIDDLE-INCOME COUNTRIES ECONOMIC POLICIES PUBLIC SERVICE PROVISION LOANS LABOR ENTERPRISES PRICE SUBSIDIES SOCIAL DEVELOPMENT FINANCIAL SYSTEM SUBSIDIES FINANCE LIBERALIZATION EFFICIENCY GRANTS ADMINISTRATIVE COSTS INFRASTRUCTURE TAXES TAX REFORMS FISCAL DEFICIT RESOURCES UNEMPLOYMENT EMERGING MARKETS EQUITY DEREGULATION PRODUCTIVITY GROWTH SOCIAL SAFETY NETS HUMAN CAPITAL ACCOUNTABILITY ECONOMIC PERFORMANCE CLIMATE CHANGE TRANSPARENCY SOCIAL SERVICES ENVIRONMENTAL MANAGEMENT BARRIERS BANK FAILURES FOREIGN FINANCING BANK CREDIT MACROECONOMICS PUBLIC ENTERPRISES SUSTAINABLE GROWTH INCOME DISTRIBUTION EXPENDITURES CAPITAL FLOWS JOB CREATION INSTITUTIONAL CAPACITY TRANSACTION COSTS ENVIRONMENT FOREIGN EXCHANGE ECONOMIC SITUATION ECONOMICS SPECULATIVE BUBBLES DEMOCRACIES REGULATORY CONSTRAINTS GOVERNANCE SHAREHOLDERS EXPOSURE TRADE GOVERNMENT OWNERSHIP SECURITY REFORM PROGRAMS GROWTH RATE INVESTMENT NATURAL RESOURCE SCARCITY ECONOMIC CRISIS FINANCE CORPORATION FINANCIAL MARKETS BUSINESS ENVIRONMENT COMPETITIVE MARKETS FINANCIAL SUPPORT INVESTMENTS LENDING RAPID GROWTH EXTERNAL FINANCING REFORM PROGRAM MACROECONOMIC POLICIES COMMODITIES INSTITUTIONAL CAPACITIES ENVIRONMENTAL FINANCIAL SYSTEMS LABOR MARKETS COMMODITY PRICES FINANCIAL SECTOR GOVERNMENTS CIVIL SERVICE COMMODITY STRUCTURAL UNEMPLOYMENT PRICES CURRENT ACCOUNT BALANCES ECONOMIES COMPETITION Swaroop, Vinaya World Bank's Experience with Structural Reforms for Growth and Development |
| relation |
MFM Discussion Paper;No. 11 |
| description |
The World Bank Group has come a long way
in supporting structural reforms in its member countries.
The most remarkable feature of its long 35 years and
continuing journey has been its ability to listen, learn and
adjust over time. It learnt relatively quickly that reform
ownership is a necessary requirement for countries to
support and sustain reforms. At the same time, it realized
that reform implementation critically depends on credible
institutions and good governance, which are frequently
missing in its member countries, particularly the low-income
ones. It also noted that over time the structure of reforms
for promoting growth and development evolves, reflecting
both changes in internal country conditions and a changing
global environment. These important realizations are
reflected in the evolution of the World Bank Group’s
policies and practice for supporting structural reforms, and
help sustain a culture of learning from experience. |
| format |
Working Paper |
| author |
Swaroop, Vinaya |
| author_facet |
Swaroop, Vinaya |
| author_sort |
Swaroop, Vinaya |
| title |
World Bank's Experience with Structural Reforms for Growth and Development |
| title_short |
World Bank's Experience with Structural Reforms for Growth and Development |
| title_full |
World Bank's Experience with Structural Reforms for Growth and Development |
| title_fullStr |
World Bank's Experience with Structural Reforms for Growth and Development |
| title_full_unstemmed |
World Bank's Experience with Structural Reforms for Growth and Development |
| title_sort |
world bank's experience with structural reforms for growth and development |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/05/26395356/world-banks-experience-structural-reforms-growth-development http://hdl.handle.net/10986/24360 |
| _version_ |
1764456493264928768 |