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What is World Development Report 1996 : from Plan to Market : Executive Summary about?

Annotation Between 1917 and 1950, countries with 1/3 of the world's population seceded from the market economy and launched an experiment in constructing alternative systems of centrally planned economies. This transformed the political and the economic map of the world. 'World Development Report 1996', the 19th in this annual series, is devoted to the transition of these countries--in particular, those in Central and Eastern Europe, the newly independent states of the former Soviet Union, China, and Vietnam-- back to a market orientation. The Report analyzes 2 sets of overarching questions in detail. Part 1 addresses the initial challenges of transition and how these have been met in different countries and may be met in others. Part 2 looks beyond the early reforms and analyzes the longer term agenda of consolidating them by developing the institutions and policies that will help the new system to develop and prosper over time. The final chapter distills the key messages: *Consistent policies, combining liberalization of markets and trade, the freedom of entry into production or trade, and reasonable price stability, can achieve a great deal--even in countries lacking clear prope

Author

Barr, N.A; World Bank

Publisher

Published for the World Bank by Oxford University Press

Published

1996

Language

EN

ISBN

9780195211030

Subjects

Economics, Business