World Development Report 1996 : From Plan to Market

This World Development Report examines the transition of countries with alternative systems of centrally planned economies back to a market orientation. These countries seceded from the world market economy between 1917 and 1950 and now face a massive restructuring task. This transition goes beyond...

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Main Author:	World Bank
Language:	English
Published:	New York: Oxford University Press 2012
Subjects:	economic outcomes economic systems free markets human capital inefficiency livving standards natural resources productivity property rights safety nets
Online Access:	http://hdl.handle.net/10986/5979

id	okr-10986-5979
recordtype	oai_dc
spelling	okr-10986-59792021-04-23T14:02:24Z World Development Report 1996 : From Plan to Market World Bank economic outcomes economic systems free markets human capital inefficiency livving standards natural resources productivity property rights safety nets This World Development Report examines the transition of countries with alternative systems of centrally planned economies back to a market orientation. These countries seceded from the world market economy between 1917 and 1950 and now face a massive restructuring task. This transition goes beyond typical reforms because the change is deep and systemic, requiring the establishment of key market institutions. This report analyzes two sets of overarching questions. The first series focuses on the initial challenges of transition and how different countries have responded. It examines: (i) whether differences in transition policies and outcomes reflect different reform strategies, or whether they reflect primarily country-specific factors such as economic structure, the level of development, or the impact of simultaneous political changes; (ii) whether strong liberalization and stabilization policies are needed up front, or if other reforms can progress equally well without them; (iii) whether privatization is necessary early in the reform process or at all; and (iv) whether there has to be a gulf between winners and losers from transition. The second set of questions looks beyond these challenges to the longer-term agenda of consolidating the reforms by developing the institutions and policies that will help the new market system to flourish. It focuses on: (i) how countries in transition should develop and strengthen the rule of law and control corruption and organized crime; (ii) how they can build effective financial systems; (iii) how governments should restructure themselves to meet the needs of a market system; (iv) how countries can preserve and adapt their human skills base; (v) why international integration is so vital for transition, and what the implications are for trading partners and capital flows; and (vi) how external assistance can best support countries in transition. 2012-04-06T19:45:23Z 2012-04-06T19:45:23Z 1996 0-19-521107-3 978-0-19-521107-8 http://hdl.handle.net/10986/5979 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	economic outcomes economic systems free markets human capital inefficiency livving standards natural resources productivity property rights safety nets
spellingShingle	economic outcomes economic systems free markets human capital inefficiency livving standards natural resources productivity property rights safety nets World Bank World Development Report 1996 : From Plan to Market
description	This World Development Report examines the transition of countries with alternative systems of centrally planned economies back to a market orientation. These countries seceded from the world market economy between 1917 and 1950 and now face a massive restructuring task. This transition goes beyond typical reforms because the change is deep and systemic, requiring the establishment of key market institutions. This report analyzes two sets of overarching questions. The first series focuses on the initial challenges of transition and how different countries have responded. It examines: (i) whether differences in transition policies and outcomes reflect different reform strategies, or whether they reflect primarily country-specific factors such as economic structure, the level of development, or the impact of simultaneous political changes; (ii) whether strong liberalization and stabilization policies are needed up front, or if other reforms can progress equally well without them; (iii) whether privatization is necessary early in the reform process or at all; and (iv) whether there has to be a gulf between winners and losers from transition. The second set of questions looks beyond these challenges to the longer-term agenda of consolidating the reforms by developing the institutions and policies that will help the new market system to flourish. It focuses on: (i) how countries in transition should develop and strengthen the rule of law and control corruption and organized crime; (ii) how they can build effective financial systems; (iii) how governments should restructure themselves to meet the needs of a market system; (iv) how countries can preserve and adapt their human skills base; (v) why international integration is so vital for transition, and what the implications are for trading partners and capital flows; and (vi) how external assistance can best support countries in transition.
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	World Development Report 1996 : From Plan to Market
title_short	World Development Report 1996 : From Plan to Market
title_full	World Development Report 1996 : From Plan to Market
title_fullStr	World Development Report 1996 : From Plan to Market
title_full_unstemmed	World Development Report 1996 : From Plan to Market
title_sort	world development report 1996 : from plan to market
publisher	New York: Oxford University Press
publishDate	2012
url	http://hdl.handle.net/10986/5979
_version_	1764397015839539200

World Development Report 1996 : From Plan to Market

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