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World
Development Report 2002
Building
Institutions for Markets
Market
reforms have had a mixed record at promoting growth,
increasing productivity and alleviating poverty in
developing countries across the world: from considerable
success in some parts of East Asia, Latin America and
Central Europe to disappointment in parts of Africa and
the former Soviet Union. This has led policymakers to ask:
Could market reforms do more to improve living standards
if greater attention were devoted to developing
institutions to support markets? What are the institutions
which make markets effective in delivering inclusive
growth and how do countries get these institutions?
The
World Development Report 2002 will be the 24th in the
series. Entitled "Building Institutions for
Markets," it will discuss how it is that only
countries with efficient and inclusive markets have seen
significant income growth and poverty reduction. A key
factor in developing such markets is market-enhancing
institutions, which perform three essential functions:
reduce information asymmetries; reduce the costs of
dispute resolution/contract enforcement and to enhance
competition in markets.
As
in previous editions, the World Development Report 2002
will include Selected World Development Indicators, an
essential reference on recent trends in development.
Full Report
The
Report
is available in PDF Format (To Read You Will Need the Free
Adobe Reader)
Source: World Bank
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