Improving Governance Is Key to Ensuring Equitable Growth in Developing Countries

WASHINGTON, January 30, 2017 – A new World Bank policy report urges developing World Bank buildingcountries and international development agencies to rethink their approach to governance, as a key to overcoming challenges related to security, growth, and equity.

The 2017 World Development Report: Governance and the Law explores how unequal distribution of power in a society interferes with policies’ effectiveness. Power asymmetries help explain, for example, why model anti-corruption laws and agencies often fail to curb corruption, why decentralization does not always improve municipal services; or why well-crafted fiscal policies may not reduce volatility and generate long-term savings.

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