Publication:
Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development

dc.contributor.authorSpence, Michael
dc.contributor.authorLeipziger, Danny
dc.date.accessioned2012-03-19T09:33:40Z
dc.date.available2012-03-19T09:33:40Z
dc.date.issued2010
dc.description.abstractThe commission on growth and development was established in April 2006 as a response to two observations. While the author felt that the benefits of growth were not fully appreciated, the author recognized that the causes of growth were not fully understood. Growth is often overlooked and underrated as an instrument for tackling the world's most pressing problems, such as poverty, illiteracy, income inequality, unemployment, and pollution. At the same time, understanding of economic growth is less definitive than commonly thought, even though advice sometimes has been given to developing countries with greater confidence than perhaps the state of our knowledge will justify. Consequently, the commission's mandate was to 'take stock of the state of theoretical and empirical knowledge on economic growth with a view to drawing implications for policy for the current and next generation of policy makers.' This mandate has even more significance in the aftermath of the financial and economic crisis of 2008. As developing countries seek to repair the damage to their economies and to re-launch themselves on a sustained high-growth path, there has never been a greater need for fresh new ideas and approaches to achieving sustained high growth. There has been no dearth of commentary about what the crisis may mean, but in reality, until the bottom has been reached and the path to recovery is clear, it will be difficult to draw general lessons for the future. This collection of essays encompasses a variety of viewpoints and covers both medium- and long-term policy issues. It is said that more textbooks have become obsolete in 2009 than in any year since the great depression. As a corollary, much has been written that is worth reviewing in a volume on globalization. The papers look at the issue of globalization from diverse points of view and add insights and perspective to the recommendations of the growth report.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100427004420
dc.identifier.isbn978-0-8213-8220-2
dc.identifier.urihttps://hdl.handle.net/10986/2440
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesCommission on Growth and Development
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTANT
dc.subjectAGGREGATE DEMAND
dc.subjectAIR POLLUTION
dc.subjectASSET PRICES
dc.subjectBAILOUTS
dc.subjectBALANCE SHEETS
dc.subjectBANK LOANS
dc.subjectBANK MARKET
dc.subjectBENEFICIARIES
dc.subjectBUDGET
dc.subjectCAPITAL ACCOUNTS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITALIST ECONOMIES
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCLIMATE CHANGE
dc.subjectCONTRACT
dc.subjectCREDIT
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT MARKETS
dc.subjectCROSS-BORDER FLOWS
dc.subjectDEBT
dc.subjectDEBT LEVELS
dc.subjectDEBT OBLIGATION
dc.subjectDEMAND
dc.subjectDEMOGRAPHICS
dc.subjectDEPOSIT
dc.subjectDEREGULATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC CAPITAL MARKETS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC VALUE
dc.subjectECONOMICS
dc.subjectECONOMIES
dc.subjectECONOMISTS
dc.subjectEFFICIENCY
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET COUNTRIES
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEMISSIONS
dc.subjectENABLING ENVIRONMENT
dc.subjectENVIRONMENT
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectENVIRONMENTAL POLICY
dc.subjectEQUILIBRIUM
dc.subjectEQUITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL FINANCE
dc.subjectFEDERAL DEPOSIT INSURANCE
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCE
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL FRAGILITY
dc.subjectFINANCIAL HISTORY
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFISCAL BURDEN
dc.subjectFISCAL POLICY
dc.subjectFORECLOSURES
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN FINANCING
dc.subjectFORESTRY
dc.subjectFRICTIONAL UNEMPLOYMENT
dc.subjectFUTURE
dc.subjectFUTURES
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKETS
dc.subjectGLOBALIZATION
dc.subjectGOOD
dc.subjectGOODS
dc.subjectGOVERNANCE ISSUES
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGUARANTEE
dc.subjectGUARANTEES
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHUMAN CAPITAL
dc.subjectINCENTIVES
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVEL
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSTRUMENT
dc.subjectINSTRUMENTS
dc.subjectINSURANCE CORPORATION
dc.subjectINTEREST
dc.subjectINTEREST RATES
dc.subjectINTERESTS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL INSTITUTION
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL STANDARD
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT
dc.subjectINVESTMENTS
dc.subjectINVESTOR
dc.subjectINVESTOR EDUCATION
dc.subjectISLAMIC FINANCE
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLENDERS
dc.subjectLENDING
dc.subjectLIABILITIES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CRISES
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARKET
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET FAILURES
dc.subjectMARKET PARTICIPANTS
dc.subjectMODELS
dc.subjectMONETARY AUTHORITY
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMORAL HAZARD
dc.subjectNONPERFORMING LOANS
dc.subjectOPEC
dc.subjectOPEN ECONOMIES
dc.subjectOPEN ECONOMY
dc.subjectOPEN MARKET
dc.subjectOPTION
dc.subjectOPTIONS
dc.subjectPENSION
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPOLICY DECISIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLLUTION
dc.subjectPOPULATION GROWTH
dc.subjectPORTFOLIOS
dc.subjectPOST-CRISIS PERIOD
dc.subjectPOVERTY
dc.subjectPRESENT VALUE
dc.subjectPRICE FORMATION
dc.subjectPRICE STABILITY
dc.subjectPRICES
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE INVESTMENT
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPRODUCTIVE INVESTMENT
dc.subjectPROFITS
dc.subjectPROPERTY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC SECTOR BANKS
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY SCRUTINY
dc.subjectREGULATORY STRUCTURES
dc.subjectREGULATORY SYSTEM
dc.subjectRESERVES
dc.subjectRESOURCE CONSERVATION
dc.subjectRESOURCES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectREVENUES
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSECURITIES
dc.subjectSECURITY
dc.subjectSHARE
dc.subjectSHARES
dc.subjectSOLVENCY
dc.subjectSTOCK
dc.subjectSTOCK MARKET
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectSTRUCTURAL UNEMPLOYMENT
dc.subjectSUBSIDIES
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE GROWTH
dc.subjectTARIFFS
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX CREDITS
dc.subjectTAX RATES
dc.subjectTAX REVENUE
dc.subjectTELECOMMUNICATIONS
dc.subjectTRADE
dc.subjectTRADEOFFS
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTREASURY
dc.subjectTRUSTEE
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATES
dc.subjectWAGE DIFFERENTIALS
dc.subjectWAGES
dc.titleGlobalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Developmenten
dspace.entity.typePublication
okr.date.disclosure2010-05-12
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100427004420
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.doi10.1596/978-0-8213-8220-2
okr.identifier.externaldocumentum000333037_20100427004420
okr.identifier.internaldocumentum12153644
okr.identifier.report54253
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/04/27/000333037_20100427004420/Rendered/PDF/542530PUB0glob101Official0Use0Only1.pdfen
okr.peerreviewAcademic Peer Review
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicEnvironment::Environmental Economics & Policies
okr.unitOffice of VP & Head of Network (PRMVP)
okr.volume1 of 1
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