000			02862nam a2200313Ia 4500
001			0000008698
005			20251012174335.0
008			020129s1989 dcu o i001 0 eng d
020			_a0195207882
020			_a9780195207880
020			_z9780195207880
245	0	0	_aWorld Development Report 1989 _h[electronic resource] _bFinancial Systems and Development; World Development Indicators.
260			_aWashington, D.C. _bThe World Bank _c1989.
300			_a1 online resource (251 p.)
520			_aThis is the twelfth in the annual series assessing major development issues. Economic growth rates among the developing countries have varied considerably. The external environment has had an adverse impact on growth, but domestic policies have been m ore important. Countries striving to adjust their economies have had considerable success reducing external imbalances but less success with internal balance. In the absence of large inflows of foreign capital, countries will need to rely on the mobilization of domestic financial resources. The structure of a country's financial system reflects its economic philosophy; the present financial structure of many developing countries reflects their approach to development in the 1960s and 1970s, an approach that emphasized government intervention in the economy. Today many countries are revising their approach to rely more heavily on the private sector. For the financial sector, this implies a smaller role for government in the allocation of credit, determination of interest rates, and the daily decisionmaking of financial intermediation. Relaxation of these controls calls for an effective system of prudent regulation and supervision. Hence while the objective is an open market, countries should not remove all capital controls until other economic and financial reforms are in place.
650		4	_aAccess to Finance.
650		4	_aBanks and Banking Reform.
650		4	_aDebt Markets.
650		4	_aEconomic Theory and Research.
650		4	_aEmerging Markets.
650		4	_aFinance and Financial Sector Development.
650		4	_aMacroeconomics and Economic Growth.
650		4	_aPrivate Sector Development.
830		0	_aWorld Bank e-Library.
830		0	_aWorld development report.
856	4		_iInput this URL in a browser to get GIF cover art data. _qGIF _uhttps://firstsearch.oclc.org/WebZ/DCARead?standardNoType=1&standardNo=0195207882:srcdbname=worldcat:fromExternal=true&sessionid=0 _3cover art
856	4		_iInput this URL in a browser to get GIF cover art data. _qGIF _uhttps://firstsearch.oclc.org/WebZ/DCARead?standardNoType=1&standardNo=0195207882:srcdbname=worldcat:fromExternal=true&sessionid=0 _3cover art
856	4	0	_3World Bank e-Library _uhttps://www.worldbank.icebox.ingenta.com/content/wb/bk50788
999			_c1509 _d1509