Address to the Board of Governors, September 25, 1972
Robert S. McNamara, President of the World Bank, reported on the Bank’s operations in fiscal year 1972 and reviewed the progress of the Five-Year Program for 1969–73. He assessed the current state of development in member countries and outlined the program for the five years 1974–78. He explored the...
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| Format: | Speech |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/426131468341113875/Address-to-the-Board-of-Governors-by-Robert-S-McNamara http://hdl.handle.net/10986/33328 |
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okr-10986-33328 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
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ABSOLUTE POVERTY ACCESS TO CREDIT ACCOUNTING ADVICE TO GOVERNMENTS AGRICULTURAL GROWTH AGRICULTURAL PRODUCTIVITY AGRICULTURAL RESEARCH AGRICULTURAL TECHNOLOGY AGRICULTURAL YIELDS AID AGENCIES ALLOCATION OF RESOURCES APPLICATION PROCEDURES APPROPRIATE INCENTIVES ARID TROPICS BANK FINANCING BORROWING CAPITAL MARKETS CAPITAL REQUIREMENTS CITIZEN CITIZENS COMMUNITY OF NATIONS CONFLICT CONSOLIDATION CONSUMER GOODS COOPERATIVES CREDIT POLICIES CREDITS CREDITWORTHINESS CROPLAND CURRENT PRICES DEBT DEBT BURDEN DEBT PAYMENTS DEBT SERVICE DECENTRALIZATION DECENTRALIZATION OF AUTHORITY DEMOGRAPHIC PROJECTIONS DEVELOPING COUNTRIES DEVELOPMENT GOALS DEVELOPMENT OBJECTIVES DEVELOPMENT PLANS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DIMENSIONS OF POVERTY DISEASES DROUGHT EARLY DEATH EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PROGRESS EMERGENCY PLAN EXCHANGE RATES EXPENDITURES EXPORT EARNINGS EXTENSION AGENTS FAMILY FARMS FAMILY PLANNING FARM FAMILIES FARM IRRIGATION FARMERS FEEDER ROADS FINANCE MINISTRIES FINANCIAL AID FINANCIAL ASSISTANCE FINANCIAL COMMITMENTS FINANCIAL POLICIES FINANCIAL RESOURCES FINANCIAL STRUCTURE FOOD SHORTAGE FOREIGN EXCHANGE GREATER ACCESS GROSS NATIONAL PRODUCT GUIDE TO ACTION HEALTH CENTERS HEALTH SERVICES HUMAN BEINGS HUMAN DIGNITY HUMAN LIFE ILLITERACY INCOME INCOME DISTRIBUTION INCOME GROUP INCOME GROUPS INCREMENTAL INCOME INDUSTRIALIZATION INEQUALITIES INEQUALITY INFANT INFANT MORTALITY INSURANCE INTEREST RATE INTEREST RATES INTERNAL MIGRATION INTERNATIONAL ASSISTANCE INTERNATIONAL BANK INTERNATIONAL COMMUNITY INVESTMENT PLANS LAND CEILINGS LAND REFORM LAWS LEGISLATION LIFE EXPECTANCY LIVES OF INDIVIDUALS LIVESTOCK PRODUCTION LIVING STANDARDS MALNUTRITION MILK MINORITY MODERNIZATION MONEY LENDER MONEY LENDERS NATIONAL GOVERNMENTS NATIONAL LEVEL NET INCOME NUTRITION NUTRITIONAL DEFICIENCIES OFFICIAL DEVELOPMENT ASSISTANCE PEOPLES PER CAPITA PUBLIC EXPENDITURES PESTICIDES PLAN OF ACTION POLITICAL LEADERSHIP POLITICAL POWER POOR POOR COUNTRIES POOR FARMERS POOR NATIONS POPULATION INCREASE PUBLIC SERVICES PURCHASING POWER QUALITY OF LIFE QUANTITATIVE GOALS RATE OF GROWTH RATES OF INTEREST REORGANIZATION RESEARCH INSTITUTIONS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL INSTITUTIONS RURAL POOR RURAL POVERTY SAVINGS SCARCE RESOURCES SELF-RELIANCE SHORT SUPPLY SMALL FARM SMALL FARMER SMALL FARMERS SMALL FARMS SMALL LOANS SMALL-SCALE AGRICULTURE SMALL-SCALE IRRIGATION SMALLHOLDER SMALLHOLDER AGRICULTURE SMALLHOLDERS SOCIAL EQUITY SOCIAL INFRASTRUCTURE SOCIAL TENSIONS SUBSISTENCE SUBSISTENCE FARMERS TECHNICAL ASSISTANCE TECHNICAL INFORMATION TECHNOLOGICAL CAPACITY TRADE IMBALANCES UNEMPLOYMENT UPPER INCOME GROUPS URBAN AREAS URBAN SLUMS URBANIZATION VICTIMS VILLAGE WATER RESOURCES WORKING CAPITAL HUMAN NEEDS WORLD BANK GROUP STRATEGY EXTREME POVERTY |
| spellingShingle |
ABSOLUTE POVERTY ACCESS TO CREDIT ACCOUNTING ADVICE TO GOVERNMENTS AGRICULTURAL GROWTH AGRICULTURAL PRODUCTIVITY AGRICULTURAL RESEARCH AGRICULTURAL TECHNOLOGY AGRICULTURAL YIELDS AID AGENCIES ALLOCATION OF RESOURCES APPLICATION PROCEDURES APPROPRIATE INCENTIVES ARID TROPICS BANK FINANCING BORROWING CAPITAL MARKETS CAPITAL REQUIREMENTS CITIZEN CITIZENS COMMUNITY OF NATIONS CONFLICT CONSOLIDATION CONSUMER GOODS COOPERATIVES CREDIT POLICIES CREDITS CREDITWORTHINESS CROPLAND CURRENT PRICES DEBT DEBT BURDEN DEBT PAYMENTS DEBT SERVICE DECENTRALIZATION DECENTRALIZATION OF AUTHORITY DEMOGRAPHIC PROJECTIONS DEVELOPING COUNTRIES DEVELOPMENT GOALS DEVELOPMENT OBJECTIVES DEVELOPMENT PLANS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DIMENSIONS OF POVERTY DISEASES DROUGHT EARLY DEATH EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PROGRESS EMERGENCY PLAN EXCHANGE RATES EXPENDITURES EXPORT EARNINGS EXTENSION AGENTS FAMILY FARMS FAMILY PLANNING FARM FAMILIES FARM IRRIGATION FARMERS FEEDER ROADS FINANCE MINISTRIES FINANCIAL AID FINANCIAL ASSISTANCE FINANCIAL COMMITMENTS FINANCIAL POLICIES FINANCIAL RESOURCES FINANCIAL STRUCTURE FOOD SHORTAGE FOREIGN EXCHANGE GREATER ACCESS GROSS NATIONAL PRODUCT GUIDE TO ACTION HEALTH CENTERS HEALTH SERVICES HUMAN BEINGS HUMAN DIGNITY HUMAN LIFE ILLITERACY INCOME INCOME DISTRIBUTION INCOME GROUP INCOME GROUPS INCREMENTAL INCOME INDUSTRIALIZATION INEQUALITIES INEQUALITY INFANT INFANT MORTALITY INSURANCE INTEREST RATE INTEREST RATES INTERNAL MIGRATION INTERNATIONAL ASSISTANCE INTERNATIONAL BANK INTERNATIONAL COMMUNITY INVESTMENT PLANS LAND CEILINGS LAND REFORM LAWS LEGISLATION LIFE EXPECTANCY LIVES OF INDIVIDUALS LIVESTOCK PRODUCTION LIVING STANDARDS MALNUTRITION MILK MINORITY MODERNIZATION MONEY LENDER MONEY LENDERS NATIONAL GOVERNMENTS NATIONAL LEVEL NET INCOME NUTRITION NUTRITIONAL DEFICIENCIES OFFICIAL DEVELOPMENT ASSISTANCE PEOPLES PER CAPITA PUBLIC EXPENDITURES PESTICIDES PLAN OF ACTION POLITICAL LEADERSHIP POLITICAL POWER POOR POOR COUNTRIES POOR FARMERS POOR NATIONS POPULATION INCREASE PUBLIC SERVICES PURCHASING POWER QUALITY OF LIFE QUANTITATIVE GOALS RATE OF GROWTH RATES OF INTEREST REORGANIZATION RESEARCH INSTITUTIONS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL INSTITUTIONS RURAL POOR RURAL POVERTY SAVINGS SCARCE RESOURCES SELF-RELIANCE SHORT SUPPLY SMALL FARM SMALL FARMER SMALL FARMERS SMALL FARMS SMALL LOANS SMALL-SCALE AGRICULTURE SMALL-SCALE IRRIGATION SMALLHOLDER SMALLHOLDER AGRICULTURE SMALLHOLDERS SOCIAL EQUITY SOCIAL INFRASTRUCTURE SOCIAL TENSIONS SUBSISTENCE SUBSISTENCE FARMERS TECHNICAL ASSISTANCE TECHNICAL INFORMATION TECHNOLOGICAL CAPACITY TRADE IMBALANCES UNEMPLOYMENT UPPER INCOME GROUPS URBAN AREAS URBAN SLUMS URBANIZATION VICTIMS VILLAGE WATER RESOURCES WORKING CAPITAL HUMAN NEEDS WORLD BANK GROUP STRATEGY EXTREME POVERTY McNamara, Robert S. Address to the Board of Governors, September 25, 1972 |
| description |
Robert S. McNamara, President of the World Bank, reported on the Bank’s operations in fiscal year 1972 and reviewed the progress of the Five-Year Program for 1969–73. He assessed the current state of development in member countries and outlined the program for the five years 1974–78. He explored the central issue of the relationship of social equity to economic growth. Given the shortfall in official development assistance, the debt problem, and the procrastination of the developed countries in dismantling discriminatory trade barriers, the Second Development Decade’s 6 percent growth target is not going to be met by many nations. The most persistent poverty is that of the low-income strata, roughly the poorest 40 percent of the total population in all development countries—who are trapped in conditions of deprivation. He argues that an urgent task is to reorient development policies to directly attack the poverty of the most deprived 40 percent of the population. Governments must achieve this without abandoning their goals of overall economic growth. Greater priority is needed to establish growth targets in terms of essential humans needs: nutrition, housing, health, literacy and employment, even at the cost of some reduction in the pace of advance in certain narrow and highly privileged sectors whose benefits accrue to the few. |
| format |
Speech |
| author |
McNamara, Robert S. |
| author_facet |
McNamara, Robert S. |
| author_sort |
McNamara, Robert S. |
| title |
Address to the Board of Governors, September 25, 1972 |
| title_short |
Address to the Board of Governors, September 25, 1972 |
| title_full |
Address to the Board of Governors, September 25, 1972 |
| title_fullStr |
Address to the Board of Governors, September 25, 1972 |
| title_full_unstemmed |
Address to the Board of Governors, September 25, 1972 |
| title_sort |
address to the board of governors, september 25, 1972 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/426131468341113875/Address-to-the-Board-of-Governors-by-Robert-S-McNamara http://hdl.handle.net/10986/33328 |
| _version_ |
1764478152734670848 |
| spelling |
okr-10986-333282021-04-23T14:05:18Z Address to the Board of Governors, September 25, 1972 McNamara, Robert S. ABSOLUTE POVERTY ACCESS TO CREDIT ACCOUNTING ADVICE TO GOVERNMENTS AGRICULTURAL GROWTH AGRICULTURAL PRODUCTIVITY AGRICULTURAL RESEARCH AGRICULTURAL TECHNOLOGY AGRICULTURAL YIELDS AID AGENCIES ALLOCATION OF RESOURCES APPLICATION PROCEDURES APPROPRIATE INCENTIVES ARID TROPICS BANK FINANCING BORROWING CAPITAL MARKETS CAPITAL REQUIREMENTS CITIZEN CITIZENS COMMUNITY OF NATIONS CONFLICT CONSOLIDATION CONSUMER GOODS COOPERATIVES CREDIT POLICIES CREDITS CREDITWORTHINESS CROPLAND CURRENT PRICES DEBT DEBT BURDEN DEBT PAYMENTS DEBT SERVICE DECENTRALIZATION DECENTRALIZATION OF AUTHORITY DEMOGRAPHIC PROJECTIONS DEVELOPING COUNTRIES DEVELOPMENT GOALS DEVELOPMENT OBJECTIVES DEVELOPMENT PLANS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DIMENSIONS OF POVERTY DISEASES DROUGHT EARLY DEATH EARNINGS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PROGRESS EMERGENCY PLAN EXCHANGE RATES EXPENDITURES EXPORT EARNINGS EXTENSION AGENTS FAMILY FARMS FAMILY PLANNING FARM FAMILIES FARM IRRIGATION FARMERS FEEDER ROADS FINANCE MINISTRIES FINANCIAL AID FINANCIAL ASSISTANCE FINANCIAL COMMITMENTS FINANCIAL POLICIES FINANCIAL RESOURCES FINANCIAL STRUCTURE FOOD SHORTAGE FOREIGN EXCHANGE GREATER ACCESS GROSS NATIONAL PRODUCT GUIDE TO ACTION HEALTH CENTERS HEALTH SERVICES HUMAN BEINGS HUMAN DIGNITY HUMAN LIFE ILLITERACY INCOME INCOME DISTRIBUTION INCOME GROUP INCOME GROUPS INCREMENTAL INCOME INDUSTRIALIZATION INEQUALITIES INEQUALITY INFANT INFANT MORTALITY INSURANCE INTEREST RATE INTEREST RATES INTERNAL MIGRATION INTERNATIONAL ASSISTANCE INTERNATIONAL BANK INTERNATIONAL COMMUNITY INVESTMENT PLANS LAND CEILINGS LAND REFORM LAWS LEGISLATION LIFE EXPECTANCY LIVES OF INDIVIDUALS LIVESTOCK PRODUCTION LIVING STANDARDS MALNUTRITION MILK MINORITY MODERNIZATION MONEY LENDER MONEY LENDERS NATIONAL GOVERNMENTS NATIONAL LEVEL NET INCOME NUTRITION NUTRITIONAL DEFICIENCIES OFFICIAL DEVELOPMENT ASSISTANCE PEOPLES PER CAPITA PUBLIC EXPENDITURES PESTICIDES PLAN OF ACTION POLITICAL LEADERSHIP POLITICAL POWER POOR POOR COUNTRIES POOR FARMERS POOR NATIONS POPULATION INCREASE PUBLIC SERVICES PURCHASING POWER QUALITY OF LIFE QUANTITATIVE GOALS RATE OF GROWTH RATES OF INTEREST REORGANIZATION RESEARCH INSTITUTIONS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL INSTITUTIONS RURAL POOR RURAL POVERTY SAVINGS SCARCE RESOURCES SELF-RELIANCE SHORT SUPPLY SMALL FARM SMALL FARMER SMALL FARMERS SMALL FARMS SMALL LOANS SMALL-SCALE AGRICULTURE SMALL-SCALE IRRIGATION SMALLHOLDER SMALLHOLDER AGRICULTURE SMALLHOLDERS SOCIAL EQUITY SOCIAL INFRASTRUCTURE SOCIAL TENSIONS SUBSISTENCE SUBSISTENCE FARMERS TECHNICAL ASSISTANCE TECHNICAL INFORMATION TECHNOLOGICAL CAPACITY TRADE IMBALANCES UNEMPLOYMENT UPPER INCOME GROUPS URBAN AREAS URBAN SLUMS URBANIZATION VICTIMS VILLAGE WATER RESOURCES WORKING CAPITAL HUMAN NEEDS WORLD BANK GROUP STRATEGY EXTREME POVERTY Robert S. McNamara, President of the World Bank, reported on the Bank’s operations in fiscal year 1972 and reviewed the progress of the Five-Year Program for 1969–73. He assessed the current state of development in member countries and outlined the program for the five years 1974–78. He explored the central issue of the relationship of social equity to economic growth. Given the shortfall in official development assistance, the debt problem, and the procrastination of the developed countries in dismantling discriminatory trade barriers, the Second Development Decade’s 6 percent growth target is not going to be met by many nations. The most persistent poverty is that of the low-income strata, roughly the poorest 40 percent of the total population in all development countries—who are trapped in conditions of deprivation. He argues that an urgent task is to reorient development policies to directly attack the poverty of the most deprived 40 percent of the population. Governments must achieve this without abandoning their goals of overall economic growth. Greater priority is needed to establish growth targets in terms of essential humans needs: nutrition, housing, health, literacy and employment, even at the cost of some reduction in the pace of advance in certain narrow and highly privileged sectors whose benefits accrue to the few. 2020-02-13T20:36:00Z 2020-02-13T20:36:00Z 1972-09-25 Speech http://documents.worldbank.org/curated/en/426131468341113875/Address-to-the-Board-of-Governors-by-Robert-S-McNamara http://hdl.handle.net/10986/33328 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC President's Speech |