Annual World Bank Conference on Development Economics-Europe by Nicholas Stern, Bertil Tungodden, Ivar Kolstad

By Nicholas Stern, Bertil Tungodden, Ivar Kolstad

The once a year international financial institution convention on improvement Economics (ABCDE) brings jointly the world's best improvement thinkers to provide their views and concepts. lately, a parallel, moment convention has been held in Europe with a similar objective of increasing the stream of principles among thinkers, practitioners, and policymakers within the box of overseas improvement. ABCDE Europe 2003 provides chosen papers from the fourth annual ABCDE Europe conferences, held June 24-26, 2002, in Oslo, Norway. Hosted via the area financial institution and the Chr. Michelsen Institute, greater than 350 eminent students and practitioners from 50 international locations met to planned at the topic 'Towards Pro-Poor Policies'. The papers from periods on relief, associations, and globalization supply either a common evaluate of hyperlinks among poverty, inequality, and development, and tackle particular themes equivalent to the seriously Indebted terrible nations Initiative for debt aid. All reflect on the position of regulations and associations in improvement and poverty aid. during this quantity: an outline via Bertil Tungodden, Ivar Kolstad, and Nicholas Stern; papers on relief by means of Nicholas Stern, David Roland-Holst and Finn Tarp, Stephan Klasen, Lisa Chauvet and Patrick Guillaumont, and Jean-Pierre grasp, Mireille Razafindrakoto, and Fran?ois Roubaud; papers on associations by means of Mariano Tommasi, Mushtaq Khan, David Dunham, Stanley Engerman and Kenneth Sokoloff, Karla Hoff and Joseph Stiglitz; and papers on globalization by way of Jomo Sundaram, John Dunning, Antonio Spilimbergo, Juan Luis Londo?o, and Miguel Szekely, Andr?s Solimano, and Oded Stark.

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6 Target, Growth 2015 alonea Source: World Bank (2001a, b). a. Growth alone projections are constructed from forecast growth rates and simple assumptions about income distribution. The growth alone calculations take two effects into account: the productivity of the increased public expenditure that growth permits and the increased demand for services and other behavioral changes that result from income growth. GDP East Asia and the Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia Sub-Saharan Africa Region Average annual rate Poverty (%) Population in Population in extreme extreme Population, 2000 GDP per capita, 2000 poverty, poverty, (millions) (current US$) 1990–2000 1995–2015 1990 1999 TABLE 1.

I have already pointed to the importance of both resources and ideas. If resources and ideas are to translate into effective action, we shall need to place greater reliance on partnership, on the one hand, and on better use of the variety of instruments available to us, on the other. Partnership We have begun to recognize the need to base our development approach more solidly on partnership. Given the scale of the challenge, the development community must work together to build public support and raise aid resources, to make use of complementary skills, and to share ideas.

Relevant areas for measurement include the following, in which rich countries can take positive steps to promote development, and which have a strong influence on the international flows of goods, aid, capital, knowledge, and people: • Volume and efficiency of aid, including the degree of harmonization of policies and procedures among donor countries • Openness of rich countries’ markets and extent of both tariff and nontariff barriers to exports from developing countries • International financial architecture and financial stability • Extent of knowledge transfer from rich countries and effectiveness of capacity building • Intellectual property regime and whether it primarily benefits or harms different parts of the developing world • Migration policies.

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