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World Development Report 1988 : Opportunities and Risks in Managing the World Economy; Public Finance in Development; World Development Indicators
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- World Bank e-Library.
- World Development Report
- Language:
- English
- Subjects (All):
- Banks and Banking Reform.
- Debt Markets.
- Economic Theory and Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Public Sector Economics and Finance.
- Local Subjects:
- Banks and Banking Reform.
- Debt Markets.
- Economic Theory and Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Public Sector Economics and Finance.
- Physical Description:
- 1 online resource (307 pages)
- Other Title:
- World Development Report
- Place of Publication:
- Washington, D.C. : The World Bank, 1988
- Language Note:
- English
- System Details:
- data file
- Summary:
- This is the eleventh report in the annual series assessing major development issues. Part I reviews recent trends in the world economy and their implications for the future prospects of developing countries. Part II examines the role of public finance in development. This report includes the World Development Indicators, which provide selected social and economic indicators for more than 100 countries. Despite continued economic growth through 1987 and into 1988, two problems have characterized recent trends: unsustainable economic imbalances within and among industrial countries, and highly uneven economic growth among developing countries. Part I of the report concludes that three interdependent policy challenges need to be addressed. First, industrial countries need to reduce their external payments imbalances. Second, developing countries need to continue restructuring their domestic economic policies in order to gain creditworthiness and growth. Third, net resource transfers, external debt, from the developing countries must be trimmed so that investment and growth can resume. Part II of the report explores how public finance policies are best designed and implemented. How deficits are reduced is crucial: controlling costs in mobilizing revenues and setting careful priorities in public spending are equally important. Efficiency in providing public services and expanding the scope for raising revenue can be achieved through decentralizing decisionmaking and reforming state-owned enterprises with the latter permitting greater private participation.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 0-19-520650-9
- Publisher Number:
- 10.1596/0-1952-0650-9
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