World Development Report 1988
This is the eleventh report in the annual series assessing major development issues. Part I reviews recent trends in the world economy and their implications for the future prospects of developing countries. Part II examines the role of public finance in development. This report includes the World D...
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| Language: | English |
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New York: Oxford University Press
2012
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| Online Access: | http://hdl.handle.net/10986/5971 |
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okr-10986-59712021-04-23T14:02:24Z World Development Report 1988 World Bank debt debt overhang debt relief developing countries economic development economic policies expenditures fiscal deficits International Bank public finance This is the eleventh report in the annual series assessing major development issues. Part I reviews recent trends in the world economy and their implications for the future prospects of developing countries. Part II examines the role of public finance in development. This report includes the World Development Indicators, which provide selected social and economic indicators for more than 100 countries. Despite continued economic growth through 1987 and into 1988, two problems have characterized recent trends: unsustainable economic imbalances within and among industrial countries, and highly uneven economic growth among developing countries. Part I of the report concludes that three interdependent policy challenges need to be addressed. First, industrial countries need to reduce their external payments imbalances. Second, developing countries need to continue restructuring their domestic economic policies in order to gain creditworthiness and growth. Third, net resource transfers, external debt, from the developing countries must be trimmed so that investment and growth can resume. Part II of the report explores how public finance policies are best designed and implemented. How deficits are reduced is crucial: controlling costs in mobilizing revenues and setting careful priorities in public spending are equally important. Efficiency in providing public services and expanding the scope for raising revenue can be achieved through decentralizing decisionmaking and reforming state-owned enterprises with the latter permitting greater private participation. 2012-04-06T19:45:20Z 2012-04-06T19:45:20Z 1988 0-19-520650-9 978-0-19-520650-0 0163-5085 http://hdl.handle.net/10986/5971 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank New York: Oxford University Press |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
debt debt overhang debt relief developing countries economic development economic policies expenditures fiscal deficits International Bank public finance |
| spellingShingle |
debt debt overhang debt relief developing countries economic development economic policies expenditures fiscal deficits International Bank public finance World Bank World Development Report 1988 |
| description |
This is the eleventh report in the annual series assessing major development issues. Part I reviews recent trends in the world economy and their implications for the future prospects of developing countries. Part II examines the role of public finance in development. This report includes the World Development Indicators, which provide selected social and economic indicators for more than 100 countries. Despite continued economic growth through 1987 and into 1988, two problems have characterized recent trends: unsustainable economic imbalances within and among industrial countries, and highly uneven economic growth among developing countries. Part I of the report concludes that three interdependent policy challenges need to be addressed. First, industrial countries need to reduce their external payments imbalances. Second, developing countries need to continue restructuring their domestic economic policies in order to gain creditworthiness and growth. Third, net resource transfers, external debt, from the developing countries must be trimmed so that investment and growth can resume. Part II of the report explores how public finance policies are best designed and implemented. How deficits are reduced is crucial: controlling costs in mobilizing revenues and setting careful priorities in public spending are equally important. Efficiency in providing public services and expanding the scope for raising revenue can be achieved through decentralizing decisionmaking and reforming state-owned enterprises with the latter permitting greater private participation. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
World Development Report 1988 |
| title_short |
World Development Report 1988 |
| title_full |
World Development Report 1988 |
| title_fullStr |
World Development Report 1988 |
| title_full_unstemmed |
World Development Report 1988 |
| title_sort |
world development report 1988 |
| publisher |
New York: Oxford University Press |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/5971 |
| _version_ |
1764396981903425536 |