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Abstract Financial reforms initiated in most transitional socialist economies do not yet adequately provide many of the financial services associated with market-oriented financial systems. Such services—mobilizing resources, selecting firms and allocating capital, monitoring firm managers, and...
Abstract Understanding of the economic causes and consequences of market failure in credit markets has progressed a great deal in recent years. This article draws on these developments to appraise the case for government intervention in rural financial markets in developing countries and to...
Abstract Providing affordable credit to the rural population has long been a prime component of development strategy. Governments and donors have sponsored and supported supply-led rural finance institutions both to improve growth and equity and to neutralize or mitigate urban-biased...
Abstract Growing fiscal deficits and greater awareness of the huge economic cost of often-inefficient government activities have renewed interest in transferring the delivery of important services from the public to the private sector in developing countries. This article, drawn from a longer...
Abstract Seeds are crop-based agriculture's most important input, yet few developing countries have succeeded in establishing efficient seed production and supply systems. In many developing countries the large-scale, centralized state farms and public seed corporations established to multiply...
Abstract How is the attempt of the European Community (EC) to create a single market going to affect the developing countries? This article argues that the net direct effects of EC-92 may be rather small: the trade creation and trade diversion effects brought about by the program may cancel each...
Article PDF first page preview Close This content is only available as a PDF. © 1994 The International Bank for Reconstruction and Development/The World Bank
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