Publication:
The Growth Report : Strategies for Sustained Growth and Inclusive Development

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dc.contributor.authorCommission on Growth and Development
dc.date.accessioned2012-05-29T13:45:32Z
dc.date.available2012-05-29T13:45:32Z
dc.date.issued2008
dc.description.abstractThe report has four main parts. In the first, the commission reviews the 13 economies that have sustained, high growth in the postwar period. Their growth models had some common flavors: the strategic integration with the world economy; the mobility of resources, particularly labor; the high savings and investment rates; and a capable government committed to growth. The report goes on to describe the cast of mind and techniques of policy making that leaders will need if they are to emulate such a growth model. It concludes that their policy making will need to be patient, pragmatic, and experimental. In the second part, the commission lays out the ingredients a growth strategy might include. These range from public investment and exchange rate policies to land sales and redistribution. A list of ingredients is not enough to make a dish, of course, as Bob Solow, a Nobel Prize-winning economist and a member of the Commission, points out. The commission, however, refrains from offering policy makers a recipe, or growth strategy, to follow. This is because no single recipe exists. Timing and circumstance will determine how the ingredients should be combined, in what quantities, and in what sequence. Formulating a full growth strategy, then, is not a job for this Commission but for a dedicated team of policy makers and economists, working on a single economy over time. Instead of a country-specific recipe, the commission offers some more general thoughts on the opportunities and constraints faced by nations in Sub-Saharan Africa, countries rich in resources, small states with fewer than 2 million people, and middle-income countries that have lost their economic momentum. In the final part of the report, the commission discusses global trends that are beyond the control of any single developing-country policy maker. Global warming is one example; the surge in protectionist sentiment another; the rise of commodity prices a third. In addition, the commission discusses the aging of the world population and the potential dangers of America's external deficit. These trends are new enough that the 13 high-growth economies of the postwar period did not have to face them. The question is whether they now make it impossible for other countries to emulate that postwar success.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/06/9781072/growth-report-strategies-sustained-growth-inclusive-development
dc.identifier.doi10.1596/978-0-8213-7491-7
dc.identifier.isbn978-0-8213-7491-7
dc.identifier.urihttps://hdl.handle.net/10986/6507
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC : World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE POVERTY
dc.subjectADVANCED COUNTRIES
dc.subjectAGRICULTURE
dc.subjectANNUAL GROWTH
dc.subjectANNUAL GROWTH RATE
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE INCOME LEVEL
dc.subjectAVERAGE INCOMES
dc.subjectBUDGET DEFICITS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCARBON DIOXIDE
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCITIZENS
dc.subjectCLIMATE CHANGE
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMERS
dc.subjectCOUNTRY CASE
dc.subjectCYCLE OF POVERTY
dc.subjectDEBT
dc.subjectDECISION MAKING
dc.subjectDEMOCRACIES
dc.subjectDEMOCRACY
dc.subjectDEVELOPED WORLD
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT OBJECTIVES
dc.subjectDEVELOPMENT REPORT
dc.subjectDISEASES
dc.subjectDOMESTIC INDUSTRIES
dc.subjectECOLOGICAL STRESS
dc.subjectECONOMIC AFFAIRS
dc.subjectECONOMIC CONSEQUENCES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC REFORMS
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC STAGNATION
dc.subjectECONOMIC STRUCTURE
dc.subjectECONOMICS
dc.subjectEDUCATED WOMEN
dc.subjectEDUCATED WORKERS
dc.subjectEDUCATION OF GIRLS
dc.subjectEMERGENCIES
dc.subjectENERGY USE
dc.subjectEQUAL DISTRIBUTION
dc.subjectEQUAL OPPORTUNITIES
dc.subjectEQUALITY OF OPPORTUNITY
dc.subjectESSENTIAL COMMODITIES
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPORT PROMOTION
dc.subjectEXPORTS
dc.subjectEXTERNALITIES
dc.subjectEXTREME POVERTY
dc.subjectFERTILITY RATES
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SYSTEMS
dc.subjectFORECASTS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL LEVEL
dc.subjectGLOBAL MARKETS
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT REGULATION
dc.subjectGOVERNMENT REGULATIONS
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GASES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH PROSPECTS
dc.subjectGROWTH RATES
dc.subjectHEALTH CARE
dc.subjectHIGH GROWTH
dc.subjectHIGH INFLATION
dc.subjectHOST COUNTRIES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME INEQUALITY
dc.subjectINDUSTRIAL POLICY
dc.subjectINDUSTRIAL REVOLUTION
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINFLATION RATES
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINTERNATIONAL COMMUNITY
dc.subjectINTERNATIONAL ORGANIZATIONS
dc.subjectJOB CREATION
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR SUPPLY
dc.subjectLAISSEZ FAIRE
dc.subjectLANDLOCKED COUNTRIES
dc.subjectLARGE NUMBERS OF PEOPLE
dc.subjectLEGAL STATUS
dc.subjectLONG RUN
dc.subjectLONG-TERM GROWTH
dc.subjectLOW FERTILITY
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ECONOMY
dc.subjectMARKET FAILURES
dc.subjectMATERIAL RESOURCES
dc.subjectMATURE MARKET
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMIGRATION
dc.subjectMILLENNIUM DEVELOPMENT GOAL
dc.subjectMILLENNIUM DEVELOPMENT GOALS
dc.subjectMONETARY AUTHORITY
dc.subjectMONETARY POLICIES
dc.subjectMOTHER
dc.subjectMULTILATERAL TRADE
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATIONAL ECONOMY
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCES
dc.subjectNUMBER OF PEOPLE
dc.subjectOPEN ECONOMY
dc.subjectOUTREACH ACTIVITIES
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOME LEVELS
dc.subjectPOINT OF DEPARTURE
dc.subjectPOLICY ANALYSIS
dc.subjectPOLICY AREAS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESEARCH WORKING PAPER
dc.subjectPOLITICAL LEADERSHIP
dc.subjectPOLITICAL PARTIES
dc.subjectPOLITICAL PROCESS
dc.subjectPOLITICAL UPHEAVALS
dc.subjectPOLLUTION
dc.subjectPOOR COUNTRIES
dc.subjectPOOR FAMILIES
dc.subjectPOOR PEOPLE
dc.subjectPOPULAR SUPPORT
dc.subjectPOTENTIAL OUTPUT
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPOWER PARITIES
dc.subjectPRACTITIONERS
dc.subjectPRICE STABILITY
dc.subjectPRIMARY PRODUCTS
dc.subjectPRIVATIZATIONS
dc.subjectPRODUCT MARKETS
dc.subjectPROGRESS
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTIONISM
dc.subjectPUBLIC HEALTH
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SAVING
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectQUALITY OF EDUCATION
dc.subjectQUALITY OF LIFE
dc.subjectRAPID GROWTH
dc.subjectREAL EXCHANGE RATES
dc.subjectREGIONAL POLICY
dc.subjectRELATIVE PRICES
dc.subjectRESPECT
dc.subjectRICH COUNTRIES
dc.subjectRICHER COUNTRIES
dc.subjectSAFETY NETS
dc.subjectSAVING RATE
dc.subjectSAVINGS
dc.subjectSCARCITY VALUE
dc.subjectSOCIAL CONCERNS
dc.subjectSOCIAL SCIENCES
dc.subjectSOCIAL SECURITY
dc.subjectSOCIOECONOMIC INDICATORS
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUPPLY CHAINS
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTEMPORARY MIGRATION
dc.subjectTETANUS
dc.subjectTRADE NEGOTIATIONS
dc.subjectTRANSPARENCY
dc.subjectTRANSPARENCY INITIATIVE
dc.subjectTREASURY
dc.subjectUNEMPLOYMENT
dc.subjectUNIONS
dc.subjectURBAN AREAS
dc.subjectURBANIZATION
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWAR
dc.subjectWEALTH
dc.subjectWORKFORCE
dc.subjectWORLD ECONOMY
dc.subjectWORLD MARKET
dc.subjectWORLD POPULATION
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleThe Growth Report : Strategies for Sustained Growth and Inclusive Developmenten
dc.title.alternativeInforme sobre el crecimiento : estrategias para el crecimiento sostenido y el desarrollo incluyenteen
dspace.entity.typePublication
okr.date.disclosure2010-05-19
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2008/06/9781072/growth-report-strategies-sustained-growth-inclusive-development
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeHealth, Nutrition, and Population
okr.guid120981468138262912
okr.guid512991468177861986
okr.guid530881468337201524
okr.guid867521468322782377
okr.guid282811468321254594
okr.identifier.doi10.1596/978-0-8213-7491-7
okr.identifier.externaldocumentum000334955_20080820065406
okr.identifier.internaldocumentum9781072
okr.identifier.report44986
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/08/20/000334955_20080820065406/Rendered/PDF/449860PUB0Box3101OFFICIAL0USE0ONLY1.pdfen
okr.peerreviewAcademic Peer Review
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicHealth, Nutrition and Population
okr.topicMacroeconomics and Economic Growth
okr.unitOffice of VP & Head of Network (PRMVP)
okr.volume1 of 1
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