Annual World Bank Conference on Development Economics-Europe by Tungodden B., Stern N., Kolstad I.

By Tungodden B., Stern N., Kolstad I.

The yearly international financial institution convention on improvement Economics (ABCDE) brings jointly the world's most interesting improvement thinkers to give their views and ideas. lately, a parallel, moment convention has been held in Europe with a similar aim of increasing the movement of rules among thinkers, practitioners, and policymakers within the box of foreign improvement.

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Extra resources for Annual World Bank Conference on Development Economics-Europe 2003: Toward Pro-Poor Policies--Aid, Institutions, and Globalization

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Ethiopia, Mozambique, and Uganda are unusual among these countries in having achieved significant progress. Others have seen few advances, and the performance of the Bank lending portfolio in this group has been poor: projects have failed at double the rate for other countries. Approaches that work in the typical low-income country may not be appropriate in these poor-policy countries, as they typically lack the basis for country leadership of reform, and traditional lending conditionality has not worked well in inducing and supporting reform.

4. org. 5. The PRSPs embody the principles of the Comprehensive Development Framework approach, which lays out the following principles for assisting developing countries: partnership among recipient countries and donors; comprehensive diagnosis and vision, encompassing not only economic policies, but institution building and human development; SCALING UP: THE CHALLENGE OF MONTERREY | 41 and country ownership of development approaches. ) 6. Some critics have argued that the reverse is true, that is, when finance is in the mix, borrowing countries go through the motions of being interested in the outside ideas, when all that really motivates their engagement with the Bank is the prospect of money.

Even though Western aid resources played some role early in China’s takeoff, they were relatively small compared with the size of China’s economy. The key way the development community has contributed has been by bringing in ideas. These have gone far beyond ideas about the benefits of openness, the role of competition, the principles of good macroeconomic management, and so on, and range from tendering techniques, to road planning, to dry-land farming systems. Of special importance have been ideas and learning about how to reform economic institutions.

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