Psychology and Economic Development

13 January 2007 at 12:07 am Leave a comment

| Peter Klein |

A Vietnam story for Nicolai to enjoy during his holiday. Writes a World Bank staffer:

At the end of the day, it is the mentality of our government clients that matter. It is their willingness to reform and their interest in facilitating private sector development that make the difference. We just give them the tools. We have to put more emphasis on why they should change their mentality and adopt the “Vietnam approach.” But we are not psychologists — we are economists, lawyers, bankers, investors, bureaucrats, you name it, but not psychologists.

Entry filed under: - Klein -, Institutions.

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