The Growth Report : Strategies for Sustained Growth and Inclusive Development

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collection.link.122
https://openknowledge.worldbank.org/handle/10986/4397
collection.name.122
Commission on Growth and Development
dc.contributor.author
Commission on Growth and Development
dc.date.accessioned
2012-05-29T13:45:32Z
dc.date.available
2012-05-29T13:45:32Z
dc.date.issued
2008
dc.description.abstract
The 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.identifier.isbn
978-0-8213-7491-7
dc.identifier.uri
http://hdl.handle.net/10986/6507
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC : World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ABSOLUTE POVERTY
dc.subject
ADVANCED COUNTRIES
dc.subject
AGRICULTURE
dc.subject
ANNUAL GROWTH
dc.subject
ANNUAL GROWTH RATE
dc.subject
AVERAGE INCOME
dc.subject
AVERAGE INCOME LEVEL
dc.subject
AVERAGE INCOMES
dc.subject
BUDGET DEFICITS
dc.subject
CAPITAL CONTROLS
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL MARKETS
dc.subject
CARBON DIOXIDE
dc.subject
CENTRAL BANK
dc.subject
CENTRAL BANKS
dc.subject
CITIZENS
dc.subject
CLIMATE CHANGE
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COMPETITIVENESS
dc.subject
CONSUMERS
dc.subject
COUNTRY CASE
dc.subject
CYCLE OF POVERTY
dc.subject
DEBT
dc.subject
DECISION MAKING
dc.subject
DEMOCRACIES
dc.subject
DEMOCRACY
dc.subject
DEVELOPED WORLD
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING COUNTRY
dc.subject
DEVELOPING WORLD
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
DEVELOPMENT GOALS
dc.subject
DEVELOPMENT INDICATORS
dc.subject
DEVELOPMENT OBJECTIVES
dc.subject
DEVELOPMENT REPORT
dc.subject
DISEASES
dc.subject
DOMESTIC INDUSTRIES
dc.subject
ECOLOGICAL STRESS
dc.subject
ECONOMIC AFFAIRS
dc.subject
ECONOMIC CONSEQUENCES
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC HISTORY
dc.subject
ECONOMIC POLICY
dc.subject
ECONOMIC REFORMS
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIC STAGNATION
dc.subject
ECONOMIC STRUCTURE
dc.subject
ECONOMICS
dc.subject
EDUCATED WOMEN
dc.subject
EDUCATED WORKERS
dc.subject
EDUCATION OF GIRLS
dc.subject
EMERGENCIES
dc.subject
ENERGY USE
dc.subject
EQUAL DISTRIBUTION
dc.subject
EQUAL OPPORTUNITIES
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EQUALITY OF OPPORTUNITY
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ESSENTIAL COMMODITIES
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATES
dc.subject
EXPORT PROMOTION
dc.subject
EXPORTS
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EXTERNALITIES
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EXTREME POVERTY
dc.subject
FERTILITY RATES
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL SECTOR
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FINANCIAL SECTOR DEVELOPMENT
dc.subject
FINANCIAL SYSTEMS
dc.subject
FORECASTS
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN COMPETITION
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
GDP
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL LEVEL
dc.subject
GLOBAL MARKETS
dc.subject
GLOBALIZATION
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GOVERNMENT REGULATION
dc.subject
GOVERNMENT REGULATIONS
dc.subject
GREENHOUSE GAS
dc.subject
GREENHOUSE GASES
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH MODEL
dc.subject
GROWTH MODELS
dc.subject
GROWTH PERFORMANCE
dc.subject
GROWTH POTENTIAL
dc.subject
GROWTH PROSPECTS
dc.subject
GROWTH RATES
dc.subject
HEALTH CARE
dc.subject
HIGH GROWTH
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HIGH INFLATION
dc.subject
HOST COUNTRIES
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN DEVELOPMENT
dc.subject
INCOME INEQUALITY
dc.subject
INDUSTRIAL POLICY
dc.subject
INDUSTRIAL REVOLUTION
dc.subject
INDUSTRIALIZED COUNTRIES
dc.subject
INFLATION RATES
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
INTERNATIONAL COMMUNITY
dc.subject
INTERNATIONAL ORGANIZATIONS
dc.subject
JOB CREATION
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR MARKETS
dc.subject
LABOR SUPPLY
dc.subject
LAISSEZ FAIRE
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LANDLOCKED COUNTRIES
dc.subject
LARGE NUMBERS OF PEOPLE
dc.subject
LEGAL STATUS
dc.subject
LONG RUN
dc.subject
LONG-TERM GROWTH
dc.subject
LOW FERTILITY
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC POLICY
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARKET ECONOMY
dc.subject
MARKET FAILURES
dc.subject
MATERIAL RESOURCES
dc.subject
MATURE MARKET
dc.subject
MIDDLE-INCOME COUNTRIES
dc.subject
MIGRATION
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MILLENNIUM DEVELOPMENT GOAL
dc.subject
MILLENNIUM DEVELOPMENT GOALS
dc.subject
MONETARY AUTHORITY
dc.subject
MONETARY POLICIES
dc.subject
MOTHER
dc.subject
MULTILATERAL TRADE
dc.subject
NATIONAL DEVELOPMENT
dc.subject
NATIONAL ECONOMY
dc.subject
NATIONAL INCOME
dc.subject
NATURAL RESOURCES
dc.subject
NUMBER OF PEOPLE
dc.subject
OPEN ECONOMY
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OUTREACH ACTIVITIES
dc.subject
PER CAPITA INCOME
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PER CAPITA INCOME LEVELS
dc.subject
POINT OF DEPARTURE
dc.subject
POLICY ANALYSIS
dc.subject
POLICY AREAS
dc.subject
POLICY MAKERS
dc.subject
POLICY RESEARCH
dc.subject
POLICY RESEARCH WORKING PAPER
dc.subject
POLITICAL LEADERSHIP
dc.subject
POLITICAL PARTIES
dc.subject
POLITICAL PROCESS
dc.subject
POLITICAL UPHEAVALS
dc.subject
POLLUTION
dc.subject
POOR COUNTRIES
dc.subject
POOR FAMILIES
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POOR PEOPLE
dc.subject
POPULAR SUPPORT
dc.subject
POTENTIAL OUTPUT
dc.subject
POVERTY RATES
dc.subject
POVERTY REDUCTION
dc.subject
POWER PARITIES
dc.subject
PRACTITIONERS
dc.subject
PRICE STABILITY
dc.subject
PRIMARY PRODUCTS
dc.subject
PRIVATIZATIONS
dc.subject
PRODUCT MARKETS
dc.subject
PROGRESS
dc.subject
PROPERTY RIGHTS
dc.subject
PROTECTIONISM
dc.subject
PUBLIC HEALTH
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PUBLIC INFRASTRUCTURE
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC POLICY
dc.subject
PUBLIC SAVING
dc.subject
PUBLIC SECTOR
dc.subject
PUBLIC SERVICE
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PUBLIC SERVICES
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PUBLIC TRANSPORTATION
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PURCHASING POWER
dc.subject
PURCHASING POWER PARITY
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QUALITY OF EDUCATION
dc.subject
QUALITY OF LIFE
dc.subject
RAPID GROWTH
dc.subject
REAL EXCHANGE RATES
dc.subject
REGIONAL POLICY
dc.subject
RELATIVE PRICES
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RESPECT
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RICH COUNTRIES
dc.subject
RICHER COUNTRIES
dc.subject
SAFETY NETS
dc.subject
SAVING RATE
dc.subject
SAVINGS
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SCARCITY VALUE
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SOCIAL CONCERNS
dc.subject
SOCIAL SCIENCES
dc.subject
SOCIAL SECURITY
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SOCIOECONOMIC INDICATORS
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STRUCTURAL CHANGE
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SUPPLY CHAINS
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TECHNOLOGY TRANSFER
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TEMPORARY MIGRATION
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TETANUS
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TRADE NEGOTIATIONS
dc.subject
TRANSPARENCY
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TRANSPARENCY INITIATIVE
dc.subject
TREASURY
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UNEMPLOYMENT
dc.subject
UNIONS
dc.subject
URBAN AREAS
dc.subject
URBANIZATION
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VOLATILITY
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WAGES
dc.subject
WAR
dc.subject
WEALTH
dc.subject
WORKFORCE
dc.subject
WORLD ECONOMY
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WORLD MARKET
dc.subject
WORLD POPULATION
dc.subject
WORLD TRADE
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WORLD TRADE ORGANIZATION
dc.subject
WTO
dc.title
The Growth Report : Strategies for Sustained Growth and Inclusive Development
en
dc.title.alternative
Informe sobre el crecimiento : estrategias para el crecimiento sostenido y el desarrollo incluyente
en
okr.date.disclosure
2010-05-19
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://documents.worldbank.org/curated/en/2008/06/9781072/growth-report-strategies-sustained-growth-inclusive-development
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Poverty
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.globalpractice
Health, Nutrition, and Population
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-7491-7
okr.identifier.externaldocumentum
000334955_20080820065406
okr.identifier.internaldocumentum
9781072
okr.identifier.report
44986
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/08/20/000334955_20080820065406/Rendered/PDF/449860PUB0Box3101OFFICIAL0USE0ONLY1.pdf
en
okr.peerreview
Academic Peer Review
okr.topic
Health, Nutrition and Population :: Population Policies
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Economic Theory and Research
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Health, Nutrition and Population
okr.topic
Macroeconomics and Economic Growth
okr.unit
Office of VP & Head of Network (PRMVP)
okr.volume
1 of 1

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