Annual World Bank Conference on Development Economics 2000 by Boris Pleskovic, Nicholas Stern

By Boris Pleskovic, Nicholas Stern

The 'Annual international financial institution convention on improvement Economics' is a world accumulating of students and practitioners of improvement coverage together with members from govt, deepest quarter, and academia. The twelfth annual convention, held in April 2000, targeted usually on 4 components: new improvement pondering, crises and restoration, company governance and restructuring, and social defense together with private and non-private reductions. This convention emphasizes the contribution that empirical and uncomplicated financial study could make to the certainty of improvement approaches and to formulating improvement regulations. This ebook is the gathering of convention papers from this discussion board.

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And we have learned that there is more to development than more efficient allocation of resources, though poor countries can ill afford to waste any resources. The most successful developing countries have not followed the neoliberal doctrines encapsulated in the Washington consensus. To be sure, growth is difficult without macroeconomic stabilization. But Turkey has shown that it is possible to have sustained (though precarious) growth even with rather high inflation, and econometric studies have shown that reducing inflation below a critical threshold yields few if any discernible benefits, though disinflation may have large costs.

New York: Oxford University Press. ———. 1998. Assessing Aid: What Works, What Doesn’t, and Why. New York: Oxford University Press. ———. 1999. World Development Report 1998/99: Knowledge for Development. New York: Oxford University Press. ———. 2000. World Development Report 2000/2001: Attacking Poverty. New York: Oxford University Press. KEYNOTE ADDRESS A New Global Consensus on Helping the Poorest of the Poor Jeffrey Sachs here is an urgent need for a new consensus on economic development. The World Bank and the International Monetary Fund (IMF) should take notice when many of their natural supporters have become their ardent opponents— though much of the criticism is misplaced.

Shleifer, Andrei, and Robert W. Vishny. 1998. The Grabbing Hand: Government Pathologies and Their Cures. : Harvard University Press. Simon, Herbert A. 1991. ” Journal of Economic Perspectives 5 (2): 25–44. Stiglitz, Joseph E. 1974a. ” Review of Economic Studies 41 (2): 219–55. ———. 1974b. ” In George M. von Furstenberg, Bennett Harrison, and Ann R. , Patterns of Racial Discrimination. : Lexington Books. ———. 1987a. ” In Jorge M. , Technology Generation in Latin American Manufacturing Industries.

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