Rationale and Goals
The World Development Report (WDR) 2017 seeks to shed light on how a better understanding of governance can bring about more effective policy interventions to achieve sustainable improvements in development outcomes.
The Report makes three main arguments. First, it illustrates how for policies to achieve development outcomes, institutions must perform three key functions: enable credible commitment, enhance coordination, and induce cooperation. Thus, laws and institutional forms matter only to the extent that they are able to generate these functions to induce the behavior of actors necessary to implement desired policies.