World Development Report 2002

"This report is about building institutions that support markets which promote growth and reduce poverty. It analyzes the myriad of institutions--formal and informal, public and private--that people build and use to undertake activities that maximize returns and to manage risk in markets. These institutions range from unwritten customs and traditions to complex legal codes that regulate international commerce on the cutting edge of technology. Some developing countries have been able to harness such market-supporting institutions to improve the welfare of their people, but others have not yet…