1001. Building Better Institutions
- Author:
- Rodrigo de Rato
- Publication Date:
- 07-2006
- Content Type:
- Journal Article
- Journal:
- The Cato Journal
- Institution:
- The Cato Institute
- Abstract:
- It is a pleasure to be here today at the Cato Institute. I know that Cato believes in competition. Perhaps it is this spirit of competition that led you to schedule today’s conference to coincide with the International Monetary Fund’s research conference and steal the IMF’s managing director and its current and past directors of research as participants. But while you have missed out on our research conference you will not miss out on our research: my talk today is based to a large extent on the findings of our latest World Economic Outlook, which conveniently has the theme “Building Institutions” [IMF 2005a]. My remarks address three questions. First, what have we learned about the importance of institutions in promoting economic development? Second, how we can accelerate the transition to better institutions? And, third, what reforms of international organizations, the IMF in particular, are needed to help this transition?
- Topic:
- Economics, International Organization, Reform, Economic Development, and Financial Institutions
- Political Geography:
- Global Focus