Boris Pleskovic's Annual World Bank Conference on Development Econmics 1998 PDF

By Boris Pleskovic

ISBN-10: 0585281254

ISBN-13: 9780585281254

ISBN-10: 0821343211

ISBN-13: 9780821343210

The "Annual international financial institution convention on improvement Economics" (ABCDE) brings jointly the world's best students and improvement practitioners for a full of life debate on cutting-edge pondering in improvement coverage and the consequences for the worldwide economic system. The 10th convention handled 4 tricky subject matters in improvement: • the position of geography in international locations' good fortune, with Paul Krugman, John Luke Gallup and Jeffrey Sachs; • the function and layout of rules and festival coverage, with Paul Joskow and Jean-Jacques Laffont; • the reasons of monetary crises and how one can hinder them, with Bruce Greenwald, Asli Demirguc-Kunt and Enrica Detragiache; and • how ethnic clash impacts democracy and development, with Paul Collier and Donald L. Horowitz. This quantity additionally comprises insights from Nobel Prize winner James Tobin, Stanley Fischer, Joseph E. Stiglitz, and global financial institution President James D. Wolfensohn.

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Extra info for Annual World Bank Conference on Development Econmics 1998 (Annual World Bank Conference on Development Economics)

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There is, for instance, a growing consensus that a vibrant market economy should be the center of a successful development strategy and that this in turn requires effective incentives, which depend on well-defined property rights and strong competition. Privatization and trade liberalization have often been employed as means toward achieving these ends, but we should not forget that complementary reforms may be needed. Turning a state monopoly into a private monopoly, for instance, is unlikely to help create a more dynamic market economy.

In this model certain policies work well in both the short and the long term. Development of effective financial intermediation, for example, is shown to accelerate recovery from a downturn and to offer an effective means of deploying capital to its highest return applications in support of long-term growth. Thus, Greenwald argued, it should be a primary aim of development assistance. He argued that other interventions-especially aggressively restrictive monetary polices designed to raise domestic interest rates-are likely to do more harm than good.

Stiglitz The Annual World Bank Conference on Development Economics brings together the world's leading development policy scholars and practitioners to discuss state-of-the art thinking on vital issues facing developing and industrial countries and to revisit matters of long-standing concern. The conference is dedicated to the principle that economic science and the promotion of research, dissemination, and dialogue in economics and related fields can improve the prospects for growth and poverty reduction in developing countries.

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Annual World Bank Conference on Development Econmics 1998 (Annual World Bank Conference on Development Economics) by Boris Pleskovic

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