The Growth Report
Strategies for Sustained Growth and Inclusive Development
The International Bank for Reconstruction and Development / TheWorld Bank
On behalf of the Commission on Growth and Development, Conference Edition, May 21, 2008
The Commission on Growth and Development released its final report looks at how developing countries can achieve fast sustained and equitable growth.
Available online PDF [180p.] at: http://www.growthcommission.org/storage/cgdev/documents/Report/GrowthReportfull.pdf
“….What does it take to achieve sustained, poverty reducing growth?
Twenty-one leading economic experts from government, business, and academia from around the world comprising the independent Commission on Growth and Development worked for two years to identify key characteristics of economies that have been able to achieve growth of more than 7 percent annually in more than 25 of the years since World War II and to explore how other developing countries might emulate them.
The Commission's conclusions highlight the actions that are most likely to improve developing countries' growth prospects, with a goal of providing leaders in developing countries with a framework to help them design and implement successful growth strategies….”
“…..According to the Commission, fast sustained growth is not a miracle; it is attainable for developing countries with the "right mix of ingredients." Countries need leaders who are committed to achieving growth and who can take advantage of opportunities from the global economy. They also need to know about the levels of incentives and public investments that are necessary for private investment to take off and ensure the long-term diversification of the economy and its integration in the global economy.
"….We chose to focus on growth because we think that it is a necessary condition for the achievement of a wide range of objectives that people and societies care about. One of them is obviously poverty reduction, but there are even deeper ones. Health, productive employment, the opportunity to be creative, all kinds of things that really matter to people seem to depend heavily on the availability of resources and income, so that they don’t spend most of their time desperately trying to keep their families alive." Michael Spence, Chair, Commission on Growth and Development…”
The GROWTH Report: http://www.growthcommission.org/index.php
Members of the Commission on Growth and Development
Montek Ahluwalia, Deputy Chairman, Planning Commission,
Edmar Bacha, Director, Casa Das Garças Institute for Economic Policy Studies,
Dr. Boediono, Governor, Central Bank of
Lord John Browne, Former CEO of British Petroleum p.l.c.,
Kemal Dervi¸s, Administrator, the United Nations Development Program
Alejandro Foxley, Minister of Foreign Affairs,
Goh Chok Tong, Senior Minister in Cabinet and Chairman, Monetary Authority of
Han Duck-soo, Former Prime Minister, The Republic of Korea
Danuta Hübner, Commissioner for Regional Policy, European Commission,
Carin Jämtin, Former Minister for International Development,
Pedro-Pablo Kuczynski, Former
Danny Leipziger, Vice President for Poverty Reduction and Economic Management, the World Bank Group (Vice Chair)
Trevor Manuel, Minister of
Mahmoud Mohieldin, Minister of Investment,
Ngozi N. Okonjo-Iweala, Managing Director, the World Bank Group
Robert Rubin, Chairman, Citigroup, the
Robert Solow, Nobel Laureate in Economics and Professor Emeritus, Massachusetts Institute of Technology, the
Michael Spence, Nobel Laureate in Economics, and Professor Emeritus,
Sir K. Dwight Venner, Governor, Eastern Caribbean
Ernesto Zedillo, Director, Center for the Study of Globalization,
Zhou Xiaochuan, Governor, People’s Bank of China
The Commission is sponsored by the governments of
and the William and Flora Hewlett Foundation and the World Bank.
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