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Beyond the Washington Consensus: Institutions Matter
     

Beyond the Washington Consensus: Institutions Matter

by Shahid Javed Burki, Guillermo E. Perry
 
This report examines the precise nature of the required institutional reforms needed to achieve higher sustained rates of growth and to make a dent in poverty reduction and provides a framework for their design and implementation. The more modest objective is to examine how the concepts of the new institutional economics are useful for analyzing and designing

Overview

This report examines the precise nature of the required institutional reforms needed to achieve higher sustained rates of growth and to make a dent in poverty reduction and provides a framework for their design and implementation. The more modest objective is to examine how the concepts of the new institutional economics are useful for analyzing and designing institutions and to evaluate how political economy concepts can be used to develop strategies for implementing institutional reforms. Employing some of these concepts, the report demonstrates that sound institutional reform can be technically and politically viable in the following key sectors: banking; capital markets and legal institutions; educational institutions; judicial reforms; and public administration.

Product Details

ISBN-13:
9780821342824
Publisher:
World Bank Publications
Publication date:
09/16/1998
Series:
Latin America and Caribbean Studies
Pages:
168
Product dimensions:
8.50(w) x 11.00(h) x (d)

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