By Indermit S. Gill, Todd Pugatch
In 'At the Frontlines of improvement' former international financial institution nation administrators recount their stories, either as managers of the realm Bank's courses in worldwide fiscal hotspots of the Nineteen Nineties in addition to all through their careers in improvement economics. those essays element, between many tales of improvement within the Nineteen Nineties, how China and India lifted enormous quantities of hundreds of thousands out of poverty, whereas Russia collapsed; how Bosnia and Herzegovina and Mozambique remade their war-ravaged economies; and the way Thailand, Turkey, and Argentina fell into monetary situation. those outstanding tales, instructed in first-person by way of the rustic administrators who have been there to witness them, supply candid exams of improvement within the 1990s'what succeeded, what failed, and what classes emerged.
This e-book is a part of a bigger attempt undertaken by way of the area financial institution to appreciate the improvement event of the Nineteen Nineties, a rare eventful decade. all of the project's 3 volumes serves a special objective. 'Economic progress within the Nineteen Nineties' offers accomplished research of the decade's improvement event, whereas 'Development demanding situations within the Nineteen Nineties' deals insights at the functional matters confronted through policymakers.
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Extra info for At the Frontlines of Development: Reflections from the World Bank (Lessons from Experience) (Lessons from Experience)
The prime minister of Latvia has asked to spend a full day with the Bank team that has prepared the first economic report on the country. The thirst for knowledge is extraordinary, and the potential role of the Bank as a mentor is a very exciting one. Transition will be an uphill battle for Latvia, and the situation at the moment is very unstable. The population of Latvia has a small majority of ethnic Latvians but a very large Russian minority, and in Riga 70 percent of the people are Russian, mainly factory workers.
A great deal of analysis was devoted to how to make public enterprises efficient. The interest in privatization did not derive from ideology so much as from desperation. Nothing seemed to work. Public enterprises everywhere were a fiscal drain, and even loss-makers had their cash flow prey to rent-seekers. For this reason, the Bank climbed on the bandwagon of privatization in the mid 1980s. The real controversy relates to the privatization of infrastructure. Telecommunications seems to work quite well in the private sector, perhaps because it has less historical baggage than some of the other areas, but even here the availability of mobile telephone connections makes privatization of traditional telecommunications services far less important than previously.
They shine light on the thought processes of formerly faceless officials, many of whom are still struggling to determine which of their former tenets of faith are central and which should be amended or discarded. There is no longer a sacred text, if it ever existed. Many express a sort of repentance, acknowledging their mistakes and hoping that they, and others, will learn from them. As Pomerantz says, “I have contributed to some successes, but probably to an equal or greater number of failures.
At the Frontlines of Development: Reflections from the World Bank (Lessons from Experience) (Lessons from Experience) by Indermit S. Gill, Todd Pugatch
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