Economic Conditions

Read e-book online Annual World Bank Conference on Development Economics 1996 PDF

By Boris Pleskovic, Michael Bruno

ISBN-10: 0821337866

ISBN-13: 9780821337868

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Moreover, many groups in industrial countries consider it ecologically unsound to trade with and invest in countries whose environmental standards are much lower than theirs. Anderson concludes that the direct effect on developing countries of a closer link between trade and environmental issues is likely to be small and may even be positive for some through improved terms of trade or compensatory transfer mechanisms. Still, industrial countries must take care to avoid inappropriate uses of trade measures to promote environmental objectives.

Manufactured in the United States of America. First printing January 1997 Michael Bruno is senior vice president, Development Economics, and chief economist at the World Bank. Boris Pleskovic is deputy administrator, Research Advisory Staff, at the World Bank. The Annual World Bank Conference on Development Economics is a forum for discussion and debate of important policy issues facing developing countries. The conferences emphasize the contribution that empirical and basic economic research can make to understanding development processes and to formulating sound development policies.

Law and Development Writing on the topic of legal systems and economic development, Robert D. Cooter notes that law supports the modern economy in several waysfor example, ensuring that firms will advance resources to others by lowering the risk of doing so, help- Page 5 ing firms create incentives for workers, and helping to ensure competition. Cooter argues that the most effective law in support of the economy is law that responds to the realities of business practice. When state laws respond to social norms, most people perceive the laws as just and tend to obey them out of respect, which creates a rule-of-law state.

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Annual World Bank Conference on Development Economics 1996 by Boris Pleskovic, Michael Bruno

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