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Development Economics through the Decades

Author

Listed:
  • Shahid Yusuf
  • Angus Deaton
  • Kemal Dervis
  • William Easterly
  • Takatoshi Ito
  • Joseph E. Stiglitz

Abstract

The World Development Report (WDR) has become such a fixture that it is easy to forget the circumstances under which it was born and the Bank's motivation for producing such a report at that time. In the first chapter of this essay, the authors provide a brief background on the circumstances of newly independent developing countries and summarize some of the main strands of the emerging field of development economics. This backdrop to the genesis of the WDR accounts for the orientation of the earlier reports. The thinking on development in the 1960s and 1970s also provides a baseline from which to view the evolution that has occurred since. From the coverage in the second chapter, the authors isolate a number of key issues common to several or all of the WDRs, and the author examine these issues individually at greater length in third chapter. The discussion in third chapter, which builds on the material in the WDRs, presents some views about how far development thinking and, relatedly, policy making have advanced relative to 30 years ago. It asks whether promoting growth, building institutions, tackling inequality and poverty, making aid effective, and defining the role of the state have been rendered more tractable policy wise by the knowledge encapsulated in the WDRs. Chapter four looks ahead and points to some of the big challenges that the Bank might explore through future WDRs and the value it can add through the knowledge acquired from its cross-country operations and research.

Suggested Citation

  • Shahid Yusuf & Angus Deaton & Kemal Dervis & William Easterly & Takatoshi Ito & Joseph E. Stiglitz, 2009. "Development Economics through the Decades," World Bank Publications, The World Bank, number 2586.
  • Handle: RePEc:wbk:wbpubs:2586
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2586/47108.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, pages 1065-1188.
    2. Yusuf, Shahid, 2008. "Intermediating knowledge exchange between universities and businesses," Research Policy, Elsevier, pages 1167-1174.
    3. Shahid Yusuf & Kaoru Nabeshima & Dwight H. Perkins, 2005. "Under New Ownership : Privatizing China's State-Owned Enterprises," World Bank Publications, The World Bank, number 7399.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ewa Lechman, 2012. "Technology convergence and digital divides. A country-level evidence for the period 2000–2010," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 31.
    2. Ishrat Husain, 2012. "Economic Reforms in Pakistan: One Step Forward, Two Steps Backwards (The Quaid-i-Azam Lecture)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 51(4), pages 7-22.
    3. Byron Ganges, 2010. "Alternative Policies for US Economic Recovery," Working Papers 2010-02, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    4. James Roumasset, 2010. "Wither the Economics of Agricultural Development?," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 7(1), pages 1-22, June.
    5. Nabeshima, Kaoru, 2011. "Growth strategies in a greener world," IDE Discussion Papers 314, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    6. Grawe, Roger, 2013. "Innovation at the World Bank: Selective Perspectives Over Three Decades 1975-2005," WIDER Working Paper Series 129, World Institute for Development Economic Research (UNU-WIDER).
    7. Migara O. De Silva & Galina Kurlyandskaya & Elena Andreeva & Natalia Golovanova, 2009. "Intergovernmental Reforms in the Russian Federation : One Step Forward, Two Steps Back?," World Bank Publications, The World Bank, number 2668.

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