TY  - BOOK
ED  - World Bank.
ED  - World Bank.
TI  - World Development Report 1997 : : The State in a Changing World
T2  - World Development Report
SN  - 0195211146
PY  - 1997///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Corporate Law
KW  - Debt Markets
KW  - Economic Theory and Research
KW  - Environment
KW  - Environmental Economics and Policies
KW  - Finance and Financial Sector Development
KW  - Law and Development
KW  - Macroeconomics and Economic Growth
KW  - Public Sector Corruption and Anticorruption Measures
N2  - This is the twentieth in the annual series assessing major development issues. The report is devoted to the role and effectiveness of the state: what it should do, how it should do it, and how it can improve in a rapidly changing world. Governments with both centrally-planned and mixed economies are shrinking their market role because of failed state interventions. This report takes an opposite stance: that state's role in the institutional environment underlying the economy, that is, its ability to enforce a rule of law to underpin transactions, is vital to making government contribute more effectively to development. It argues against reducing government to a minimalist state, explaining that development requires an effective state that plays a facilitator role in encouraging and complementing the activities of private businesses and individuals. The report presents a state reform framework strategy: First, focus the state's activities to match its capabilities; and second, look for ways to improve the state's capability by re-invigorating public institutions. Successful and unsuccessful examples of states and state reform provide illustrations
UR  - http://elibrary.worldbank.org/doi/book/10.1596/978-0-1952-1114-6
ER  -