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Commerce Today
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Putting Institutional Economics to Work
World Bank Technical Paper No. 266. Critiques both beneficial and detrimental government regulations that affect commodity markets in developing countries. Commodity markets require a regulatory environment that encourages private enterprise. Government regulations are needed to foster conditions in which market participants have the incentive and the opportunity to operate successfully. This paper poses the difficult question of which regulations are essential for the development of commodity markets and which become impediments. Government regulations are classified according to whether they are - Essential for the development of competitive markets - Facilitators of developing private market rules - Impediments to market development. The authors use the agricultural market as an example for outlining regulatory strategies and summarize the minimum requirements for market development.
Review and Outlook for the World Oil Market
After the collapse of the Soviet system, the immense problems of environmental pollution in Central and Eastern Europe were widely publicized. Less well known were its effects on health in the region, which have led to a serious health crisis. This report examines the degree to which the pollution adversely affected human health, putting it in the context of other health determinants such as socioeconomic factors, health care standards and availability, and lifestyle factors. Among the numerous pollutants, the report points to lead, dust, toxic gases, and nitrates in rural water supplies as having a significant impact on health in Central and Eastern Europe. The author suggests possible avenues for international action. However, an analysis of the determinants of health reveals that addressing the pollution problems alone will not solve the health crisis. Improving health in this region will depend on the changing economic fortunes of individual countries and the ability of each to create a supportive social environment for its citizens.
Structural Aspects of Manufacturing in Sub-Saharan Africa
Urban Management Programme Paper No. 20. Reviews the specific actions that municipalities and city governments may take in contributing to urban poverty reduction. The paper highlights example of issues, options, and constraints that urban governments must address in fighting poverty. It focuses on municipalities and other city-level government entities as a critical institutional level of intervention. Other language editions available: French--Stock No. 13814 (ISBN 0-8213-3814-5); Spanish--Stock No. 13813 (ISBN 0-8213-3813-7).
Policy Options for Reform of Chinese State-owned Enterprises
Annotation World Bank Discussion Paper No. 335. Presents the proceedings of a high-level international symposium on Chinese state-owned enterprise reform held in Beijing, China, June 1995. This report includes five policy option papers presented by Chinese officials and one presented by the World Bank Group that makes recommendations for reform on the basis of the Group's international experience in this area.
Innovations and Risk Taking
Annotation World Bank Discussion Paper No. 357.Decentralization and democratization in the Latin America and the Caribbean region have produced a wave of innovations on the local government level--upgrading professional staffs, raising taxes and user fees, delivering better services, and mobilizing participation in public choice-making. This paper documents five cases of best practices at the local level, focusing on innovations in Mendoza, Argentina; Curitiba, Brazil; Cali, Colombia; Manizales, Colombia; and Tijuana, Mexico. A the central message of the paper is that by supporting creation and adoption of best practice, donors can enjoy a cost-effective impact in achieving the next stages of reform in the region, but that work must be done at the local level.
Global Development Finance 2009, 1
"Over the past two years, the world has seen turmoil in a relatively small segment of the U.S. credit markets morph into a severe global economic and financial crisis. Although aggressive monetary policy, fiscal stimulus, and guarantee programs to shore up the banking industry have begun to stabilize financial markets and slow the pace of economic contraction, policy makers face an extended battle to revive the global economy. Going forward, national and international policy makers must support emerging signs of recovery with persistent, robust efforts to restore confidence in the financial system and transform the adverse feedback loop between the financial sector and the real economy into ...
Banking the Poor
Banking the Poor explores level and determinants of financial access in 54 countries, mostly in Africa. It collects information from two sources: central banks and leading commercial banks in each surveyed country. It explores associations between countries' banking policies and practices and their levels of financial access, measured in terms of the numbers of bank account per thousand adults. It builds on the previous work measuring financial access through information from regulators, from banks, and also from users' perspectives in household surveys.
Review, Analysis, and Outlook
"International private capital flows to developing countries reached a record net level of $491 billion in 2005. This surge in private capital flows offers national and international policy makers a major opportunity to bolster development efforts if they can successfully meet three challenges. The first is to ensure that more countries, especially poorer ones, enhance their access to developmentally beneficial international capital through improvements in their macroeconomic performance, investment climate, and use of aid. The second is to avoid sudden capital flow reversals by redressing global imbalances through policies that recognize the growing interdependencies between developed and d...
Preventing Banking Sector Distress and Crises in Latin America
World Bank Technical Paper No. 361. Education has emerged as an essential component of the transition to a market economy in Central and Eastern Europe. Although the countries of the region inherited broadly accessible education systems, the legacies of central planning have constrained the systems from fully adjusting to market economies. This study examines empirical trends in access to and financing of education in nine Central and East European countries by drawing on the findings of a World Bank project that examined the social risks facing people and the policy responses taken by governments since 1989. Chapters address access and participation, the labor market, financing, and staff in the education sector.
