Foundations for a More Stable Global System

James 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....

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Main Author:	Wolfensohn, James D.
Format:	Speech
Language:	English en_US
Published:	2017
Subjects:	EMPLOYMENT MONETARY POLICY RISKS CAPITAL MARKETS MARKET COUNTRIES ACCOUNTING COUNTRIES PRODUCTION BRIBERY FINANCIAL MANAGEMENT STOCK GLOBAL MARKETS INTEREST LAWS EXCHANGE STRATEGIES COUNTRY ASSISTANCE MACROECONOMIC POLICY GOOD GOVERNANCE DEVELOPING COUNTRIES CORRUPTION BANKRUPTCY DEVELOPING COUNTRY INSTRUMENTS SAFETY NETS EMERGING MARKET ECONOMIES DRIVERS GOVERNANCE STANDARDS ANTI-BRIBERY EMERGING MARKET COUNTRIES CORPORATE GOVERNANCE STANDARDS INSTITUTION BUILDING COMMUNICATIONS ADVANCED COUNTRIES LEGAL SYSTEMS CREDITS SAVINGS GLOBAL ECONOMY CLIENT COUNTRIES ASSISTANCE STRATEGY RESTRUCTURING AGREEMENTS PRIVATIZATIONS EXCHANGE RATES INITIATIVE GLOBALIZATION EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT ORGANIZATIONS CONFIDENCE SOCIAL PROTECTION STANDARDS LABOR LOANS SOCIAL DEVELOPMENT INVENTORY FINANCIAL SYSTEM FINANCE FOOD PRODUCTION MARKET ECONOMIES BANKS MARKET ECONOMY UNEMPLOYMENT INTERNATIONAL STANDARDS SOCIAL SAFETY NETS GOOD ECONOMIC COSTS POLICIES TRANSPARENCY FINANCIAL CRISIS FINANCIAL CAPITAL FUTURE POLITICAL DISTURBANCE BANK WORLD ECONOMY BRIBERY CONVENTION COLLAPSE BANK CREDITS EXCHANGES MULTILATERAL DEVELOPMENT BANKRUPTCY PROCEDURES EXPENDITURES AGENCIES BEST PRACTICE CAPITAL FLOWS GLOBAL RISKS COUNTRY ASSETS FINANCIAL ANALYSIS MARKET SUPERVISION OF BANKS STRONG CORPORATE GOVERNANCE POLICY MEDIA MANAGEMENT GOVERNANCE INSURANCE LABOR STANDARDS JUSTICE GOODS SECURITY LEGAL SYSTEM GLOBAL FINANCIAL SYSTEM RISK ORGANIZATION COMPANY BEHAVIOR COMPETITION POLICIES POVERTY CLEAN WATER CRISES BANKING COMPREHENSIVE DEVELOPMENT FRAMEWORK HIPC JUSTICE SYSTEM LENDING GLOBAL FINANCE TRANSITION ECONOMIES STRATEGY FINANCIAL SECTOR GOVERNMENTS SAFETY COMMODITY STOCK EXCHANGES COUNTRY ASSISTANCE STRATEGY SERVICE GUARANTEE DEBT RELIEF CORPORATE GOVERNANCE COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2015/11/25256275/remarks-symposium-global-finance-development-james-d-wolfensohn-president-foundations-more-stable-global-system http://hdl.handle.net/10986/26165

id	okr-10986-26165
recordtype	oai_dc
spelling	okr-10986-261652021-04-23T14:04:20Z Foundations for a More Stable Global System Wolfensohn, James D. EMPLOYMENT MONETARY POLICY RISKS CAPITAL MARKETS MARKET COUNTRIES ACCOUNTING COUNTRIES PRODUCTION BRIBERY FINANCIAL MANAGEMENT STOCK GLOBAL MARKETS INTEREST LAWS EXCHANGE STRATEGIES COUNTRY ASSISTANCE MACROECONOMIC POLICY GOOD GOVERNANCE DEVELOPING COUNTRIES CORRUPTION BANKRUPTCY DEVELOPING COUNTRY INSTRUMENTS SAFETY NETS EMERGING MARKET ECONOMIES DRIVERS GOVERNANCE STANDARDS ANTI-BRIBERY EMERGING MARKET COUNTRIES CORPORATE GOVERNANCE STANDARDS INSTITUTION BUILDING COMMUNICATIONS ADVANCED COUNTRIES LEGAL SYSTEMS CREDITS SAVINGS GLOBAL ECONOMY CLIENT COUNTRIES ASSISTANCE STRATEGY RESTRUCTURING AGREEMENTS PRIVATIZATIONS EXCHANGE RATES INITIATIVE GLOBALIZATION EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT ORGANIZATIONS CONFIDENCE SOCIAL PROTECTION STANDARDS LABOR LOANS SOCIAL DEVELOPMENT INVENTORY FINANCIAL SYSTEM FINANCE FOOD PRODUCTION MARKET ECONOMIES BANKS MARKET ECONOMY UNEMPLOYMENT INTERNATIONAL STANDARDS SOCIAL SAFETY NETS GOOD ECONOMIC COSTS POLICIES TRANSPARENCY FINANCIAL CRISIS FINANCIAL CAPITAL FUTURE POLITICAL DISTURBANCE BANK WORLD ECONOMY BRIBERY CONVENTION COLLAPSE BANK CREDITS EXCHANGES MULTILATERAL DEVELOPMENT BANKRUPTCY PROCEDURES EXPENDITURES AGENCIES BEST PRACTICE CAPITAL FLOWS GLOBAL RISKS COUNTRY ASSETS FINANCIAL ANALYSIS MARKET SUPERVISION OF BANKS STRONG CORPORATE GOVERNANCE POLICY MEDIA MANAGEMENT GOVERNANCE INSURANCE LABOR STANDARDS JUSTICE GOODS SECURITY LEGAL SYSTEM GLOBAL FINANCIAL SYSTEM RISK ORGANIZATION COMPANY BEHAVIOR COMPETITION POLICIES POVERTY CLEAN WATER CRISES BANKING COMPREHENSIVE DEVELOPMENT FRAMEWORK HIPC JUSTICE SYSTEM LENDING GLOBAL FINANCE TRANSITION ECONOMIES STRATEGY FINANCIAL SECTOR GOVERNMENTS SAFETY COMMODITY STOCK EXCHANGES COUNTRY ASSISTANCE STRATEGY SERVICE GUARANTEE DEBT RELIEF CORPORATE GOVERNANCE COMPETITION James 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. 2017-02-24T17:12:12Z 2017-02-24T17:12:12Z 1999-03-01 Speech http://documents.worldbank.org/curated/en/2015/11/25256275/remarks-symposium-global-finance-development-james-d-wolfensohn-president-foundations-more-stable-global-system http://hdl.handle.net/10986/26165 English en_US Remarks at the Symposium on Global Finance and Development, Tokyo, March 1, 1999; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Speech Japan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	EMPLOYMENT MONETARY POLICY RISKS CAPITAL MARKETS MARKET COUNTRIES ACCOUNTING COUNTRIES PRODUCTION BRIBERY FINANCIAL MANAGEMENT STOCK GLOBAL MARKETS INTEREST LAWS EXCHANGE STRATEGIES COUNTRY ASSISTANCE MACROECONOMIC POLICY GOOD GOVERNANCE DEVELOPING COUNTRIES CORRUPTION BANKRUPTCY DEVELOPING COUNTRY INSTRUMENTS SAFETY NETS EMERGING MARKET ECONOMIES DRIVERS GOVERNANCE STANDARDS ANTI-BRIBERY EMERGING MARKET COUNTRIES CORPORATE GOVERNANCE STANDARDS INSTITUTION BUILDING COMMUNICATIONS ADVANCED COUNTRIES LEGAL SYSTEMS CREDITS SAVINGS GLOBAL ECONOMY CLIENT COUNTRIES ASSISTANCE STRATEGY RESTRUCTURING AGREEMENTS PRIVATIZATIONS EXCHANGE RATES INITIATIVE GLOBALIZATION EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT ORGANIZATIONS CONFIDENCE SOCIAL PROTECTION STANDARDS LABOR LOANS SOCIAL DEVELOPMENT INVENTORY FINANCIAL SYSTEM FINANCE FOOD PRODUCTION MARKET ECONOMIES BANKS MARKET ECONOMY UNEMPLOYMENT INTERNATIONAL STANDARDS SOCIAL SAFETY NETS GOOD ECONOMIC COSTS POLICIES TRANSPARENCY FINANCIAL CRISIS FINANCIAL CAPITAL FUTURE POLITICAL DISTURBANCE BANK WORLD ECONOMY BRIBERY CONVENTION COLLAPSE BANK CREDITS EXCHANGES MULTILATERAL DEVELOPMENT BANKRUPTCY PROCEDURES EXPENDITURES AGENCIES BEST PRACTICE CAPITAL FLOWS GLOBAL RISKS COUNTRY ASSETS FINANCIAL ANALYSIS MARKET SUPERVISION OF BANKS STRONG CORPORATE GOVERNANCE POLICY MEDIA MANAGEMENT GOVERNANCE INSURANCE LABOR STANDARDS JUSTICE GOODS SECURITY LEGAL SYSTEM GLOBAL FINANCIAL SYSTEM RISK ORGANIZATION COMPANY BEHAVIOR COMPETITION POLICIES POVERTY CLEAN WATER CRISES BANKING COMPREHENSIVE DEVELOPMENT FRAMEWORK HIPC JUSTICE SYSTEM LENDING GLOBAL FINANCE TRANSITION ECONOMIES STRATEGY FINANCIAL SECTOR GOVERNMENTS SAFETY COMMODITY STOCK EXCHANGES COUNTRY ASSISTANCE STRATEGY SERVICE GUARANTEE DEBT RELIEF CORPORATE GOVERNANCE COMPETITION
spellingShingle	EMPLOYMENT MONETARY POLICY RISKS CAPITAL MARKETS MARKET COUNTRIES ACCOUNTING COUNTRIES PRODUCTION BRIBERY FINANCIAL MANAGEMENT STOCK GLOBAL MARKETS INTEREST LAWS EXCHANGE STRATEGIES COUNTRY ASSISTANCE MACROECONOMIC POLICY GOOD GOVERNANCE DEVELOPING COUNTRIES CORRUPTION BANKRUPTCY DEVELOPING COUNTRY INSTRUMENTS SAFETY NETS EMERGING MARKET ECONOMIES DRIVERS GOVERNANCE STANDARDS ANTI-BRIBERY EMERGING MARKET COUNTRIES CORPORATE GOVERNANCE STANDARDS INSTITUTION BUILDING COMMUNICATIONS ADVANCED COUNTRIES LEGAL SYSTEMS CREDITS SAVINGS GLOBAL ECONOMY CLIENT COUNTRIES ASSISTANCE STRATEGY RESTRUCTURING AGREEMENTS PRIVATIZATIONS EXCHANGE RATES INITIATIVE GLOBALIZATION EMERGING MARKET FINANCIAL INSTITUTIONS MARKETS DEBT ORGANIZATIONS CONFIDENCE SOCIAL PROTECTION STANDARDS LABOR LOANS SOCIAL DEVELOPMENT INVENTORY FINANCIAL SYSTEM FINANCE FOOD PRODUCTION MARKET ECONOMIES BANKS MARKET ECONOMY UNEMPLOYMENT INTERNATIONAL STANDARDS SOCIAL SAFETY NETS GOOD ECONOMIC COSTS POLICIES TRANSPARENCY FINANCIAL CRISIS FINANCIAL CAPITAL FUTURE POLITICAL DISTURBANCE BANK WORLD ECONOMY BRIBERY CONVENTION COLLAPSE BANK CREDITS EXCHANGES MULTILATERAL DEVELOPMENT BANKRUPTCY PROCEDURES EXPENDITURES AGENCIES BEST PRACTICE CAPITAL FLOWS GLOBAL RISKS COUNTRY ASSETS FINANCIAL ANALYSIS MARKET SUPERVISION OF BANKS STRONG CORPORATE GOVERNANCE POLICY MEDIA MANAGEMENT GOVERNANCE INSURANCE LABOR STANDARDS JUSTICE GOODS SECURITY LEGAL SYSTEM GLOBAL FINANCIAL SYSTEM RISK ORGANIZATION COMPANY BEHAVIOR COMPETITION POLICIES POVERTY CLEAN WATER CRISES BANKING COMPREHENSIVE DEVELOPMENT FRAMEWORK HIPC JUSTICE SYSTEM LENDING GLOBAL FINANCE TRANSITION ECONOMIES STRATEGY FINANCIAL SECTOR GOVERNMENTS SAFETY COMMODITY STOCK EXCHANGES COUNTRY ASSISTANCE STRATEGY SERVICE GUARANTEE DEBT RELIEF CORPORATE GOVERNANCE COMPETITION Wolfensohn, James D. Foundations for a More Stable Global System
geographic_facet	Japan
relation	Remarks at the Symposium on Global Finance and Development, Tokyo, March 1, 1999;
description	James 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.
format	Speech
author	Wolfensohn, James D.
author_facet	Wolfensohn, James D.
author_sort	Wolfensohn, James D.
title	Foundations for a More Stable Global System
title_short	Foundations for a More Stable Global System
title_full	Foundations for a More Stable Global System
title_fullStr	Foundations for a More Stable Global System
title_full_unstemmed	Foundations for a More Stable Global System
title_sort	foundations for a more stable global system
publishDate	2017
url	http://documents.worldbank.org/curated/en/2015/11/25256275/remarks-symposium-global-finance-development-james-d-wolfensohn-president-foundations-more-stable-global-system http://hdl.handle.net/10986/26165
_version_	1764456178200346624

Foundations for a More Stable Global System

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