The Growth Report : Strategies for Sustained Growth and Inclusive Development
The report has four main parts. In the first, the commission reviews the 13 economies that have sustained, high growth in the postwar period. Their growth models had some common flavors: the strategic integration with the world economy; the mobilit...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC : World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/06/9781072/growth-report-strategies-sustained-growth-inclusive-development http://hdl.handle.net/10986/6507 |
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okr-10986-6507 |
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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 en_US |
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ABSOLUTE POVERTY ADVANCED COUNTRIES AGRICULTURE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE INCOME AVERAGE INCOME LEVEL AVERAGE INCOMES BUDGET DEFICITS CAPITAL CONTROLS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CARBON DIOXIDE CENTRAL BANK CENTRAL BANKS CITIZENS CLIMATE CHANGE COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMERS COUNTRY CASE CYCLE OF POVERTY DEBT DECISION MAKING DEMOCRACIES DEMOCRACY DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT INDICATORS DEVELOPMENT OBJECTIVES DEVELOPMENT REPORT DISEASES DOMESTIC INDUSTRIES ECOLOGICAL STRESS ECONOMIC AFFAIRS ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC RESEARCH ECONOMIC STAGNATION ECONOMIC STRUCTURE ECONOMICS EDUCATED WOMEN EDUCATED WORKERS EDUCATION OF GIRLS EMERGENCIES ENERGY USE EQUAL DISTRIBUTION EQUAL OPPORTUNITIES EQUALITY OF OPPORTUNITY ESSENTIAL COMMODITIES EXCHANGE RATE EXCHANGE RATES EXPORT PROMOTION EXPORTS EXTERNALITIES EXTREME POVERTY FERTILITY RATES FINANCIAL MARKET FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FORECASTS FOREIGN CAPITAL FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT GDP GLOBAL ECONOMY GLOBAL LEVEL GLOBAL MARKETS GLOBALIZATION GOVERNMENT REGULATION GOVERNMENT REGULATIONS GREENHOUSE GAS GREENHOUSE GASES GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH PROSPECTS GROWTH RATES HEALTH CARE HIGH GROWTH HIGH INFLATION HOST COUNTRIES HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INEQUALITY INDUSTRIAL POLICY INDUSTRIAL REVOLUTION INDUSTRIALIZED COUNTRIES INFLATION RATES INFRASTRUCTURE INVESTMENT INTERNATIONAL COMMUNITY INTERNATIONAL ORGANIZATIONS JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR SUPPLY LAISSEZ FAIRE LANDLOCKED COUNTRIES LARGE NUMBERS OF PEOPLE LEGAL STATUS LONG RUN LONG-TERM GROWTH LOW FERTILITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET ECONOMY MARKET FAILURES MATERIAL RESOURCES MATURE MARKET MIDDLE-INCOME COUNTRIES MIGRATION MILLENNIUM DEVELOPMENT GOAL MILLENNIUM DEVELOPMENT GOALS MONETARY AUTHORITY MONETARY POLICIES MOTHER MULTILATERAL TRADE NATIONAL DEVELOPMENT NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NUMBER OF PEOPLE OPEN ECONOMY OUTREACH ACTIVITIES PER CAPITA INCOME PER CAPITA INCOME LEVELS POINT OF DEPARTURE POLICY ANALYSIS POLICY AREAS POLICY MAKERS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL LEADERSHIP POLITICAL PARTIES POLITICAL PROCESS POLITICAL UPHEAVALS POLLUTION POOR COUNTRIES POOR FAMILIES POOR PEOPLE POPULAR SUPPORT POTENTIAL OUTPUT POVERTY RATES POVERTY REDUCTION POWER PARITIES PRACTITIONERS PRICE STABILITY PRIMARY PRODUCTS PRIVATIZATIONS PRODUCT MARKETS PROGRESS PROPERTY RIGHTS PROTECTIONISM PUBLIC HEALTH PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC POLICY PUBLIC SAVING PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC TRANSPORTATION PURCHASING POWER PURCHASING POWER PARITY QUALITY OF EDUCATION QUALITY OF LIFE RAPID GROWTH REAL EXCHANGE RATES REGIONAL POLICY RELATIVE PRICES RESPECT RICH COUNTRIES RICHER COUNTRIES SAFETY NETS SAVING RATE SAVINGS SCARCITY VALUE SOCIAL CONCERNS SOCIAL SCIENCES SOCIAL SECURITY SOCIOECONOMIC INDICATORS STRUCTURAL CHANGE SUPPLY CHAINS TECHNOLOGY TRANSFER TEMPORARY MIGRATION TETANUS TRADE NEGOTIATIONS TRANSPARENCY TRANSPARENCY INITIATIVE TREASURY UNEMPLOYMENT UNIONS URBAN AREAS URBANIZATION VOLATILITY WAGES WAR WEALTH WORKFORCE WORLD ECONOMY WORLD MARKET WORLD POPULATION WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ABSOLUTE POVERTY ADVANCED COUNTRIES AGRICULTURE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE INCOME AVERAGE INCOME LEVEL AVERAGE INCOMES BUDGET DEFICITS CAPITAL CONTROLS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CARBON DIOXIDE CENTRAL BANK CENTRAL BANKS CITIZENS CLIMATE CHANGE COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMERS COUNTRY CASE CYCLE OF POVERTY DEBT DECISION MAKING DEMOCRACIES DEMOCRACY DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT INDICATORS DEVELOPMENT OBJECTIVES DEVELOPMENT REPORT DISEASES DOMESTIC INDUSTRIES ECOLOGICAL STRESS ECONOMIC AFFAIRS ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC RESEARCH ECONOMIC STAGNATION ECONOMIC STRUCTURE ECONOMICS EDUCATED WOMEN EDUCATED WORKERS EDUCATION OF GIRLS EMERGENCIES ENERGY USE EQUAL DISTRIBUTION EQUAL OPPORTUNITIES EQUALITY OF OPPORTUNITY ESSENTIAL COMMODITIES EXCHANGE RATE EXCHANGE RATES EXPORT PROMOTION EXPORTS EXTERNALITIES EXTREME POVERTY FERTILITY RATES FINANCIAL MARKET FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FORECASTS FOREIGN CAPITAL FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT GDP GLOBAL ECONOMY GLOBAL LEVEL GLOBAL MARKETS GLOBALIZATION GOVERNMENT REGULATION GOVERNMENT REGULATIONS GREENHOUSE GAS GREENHOUSE GASES GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH PROSPECTS GROWTH RATES HEALTH CARE HIGH GROWTH HIGH INFLATION HOST COUNTRIES HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INEQUALITY INDUSTRIAL POLICY INDUSTRIAL REVOLUTION INDUSTRIALIZED COUNTRIES INFLATION RATES INFRASTRUCTURE INVESTMENT INTERNATIONAL COMMUNITY INTERNATIONAL ORGANIZATIONS JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR SUPPLY LAISSEZ FAIRE LANDLOCKED COUNTRIES LARGE NUMBERS OF PEOPLE LEGAL STATUS LONG RUN LONG-TERM GROWTH LOW FERTILITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET ECONOMY MARKET FAILURES MATERIAL RESOURCES MATURE MARKET MIDDLE-INCOME COUNTRIES MIGRATION MILLENNIUM DEVELOPMENT GOAL MILLENNIUM DEVELOPMENT GOALS MONETARY AUTHORITY MONETARY POLICIES MOTHER MULTILATERAL TRADE NATIONAL DEVELOPMENT NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NUMBER OF PEOPLE OPEN ECONOMY OUTREACH ACTIVITIES PER CAPITA INCOME PER CAPITA INCOME LEVELS POINT OF DEPARTURE POLICY ANALYSIS POLICY AREAS POLICY MAKERS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL LEADERSHIP POLITICAL PARTIES POLITICAL PROCESS POLITICAL UPHEAVALS POLLUTION POOR COUNTRIES POOR FAMILIES POOR PEOPLE POPULAR SUPPORT POTENTIAL OUTPUT POVERTY RATES POVERTY REDUCTION POWER PARITIES PRACTITIONERS PRICE STABILITY PRIMARY PRODUCTS PRIVATIZATIONS PRODUCT MARKETS PROGRESS PROPERTY RIGHTS PROTECTIONISM PUBLIC HEALTH PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC POLICY PUBLIC SAVING PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC TRANSPORTATION PURCHASING POWER PURCHASING POWER PARITY QUALITY OF EDUCATION QUALITY OF LIFE RAPID GROWTH REAL EXCHANGE RATES REGIONAL POLICY RELATIVE PRICES RESPECT RICH COUNTRIES RICHER COUNTRIES SAFETY NETS SAVING RATE SAVINGS SCARCITY VALUE SOCIAL CONCERNS SOCIAL SCIENCES SOCIAL SECURITY SOCIOECONOMIC INDICATORS STRUCTURAL CHANGE SUPPLY CHAINS TECHNOLOGY TRANSFER TEMPORARY MIGRATION TETANUS TRADE NEGOTIATIONS TRANSPARENCY TRANSPARENCY INITIATIVE TREASURY UNEMPLOYMENT UNIONS URBAN AREAS URBANIZATION VOLATILITY WAGES WAR WEALTH WORKFORCE WORLD ECONOMY WORLD MARKET WORLD POPULATION WORLD TRADE WORLD TRADE ORGANIZATION WTO Commission on Growth and Development The Growth Report : Strategies for Sustained Growth and Inclusive Development |
| description |
The report has four main parts. In the
first, the commission reviews the 13 economies that have
sustained, high growth in the postwar period. Their growth
models had some common flavors: the strategic integration
with the world economy; the mobility of resources,
particularly labor; the high savings and investment rates;
and a capable government committed to growth. The report
goes on to describe the cast of mind and techniques of
policy making that leaders will need if they are to emulate
such a growth model. It concludes that their policy making
will need to be patient, pragmatic, and experimental. In the
second part, the commission lays out the ingredients a
growth strategy might include. These range from public
investment and exchange rate policies to land sales and
redistribution. A list of ingredients is not enough to make
a dish, of course, as Bob Solow, a Nobel Prize-winning
economist and a member of the Commission, points out. The
commission, however, refrains from offering policy makers a
recipe, or growth strategy, to follow. This is because no
single recipe exists. Timing and circumstance will determine
how the ingredients should be combined, in what quantities,
and in what sequence. Formulating a full growth strategy,
then, is not a job for this Commission but for a dedicated
team of policy makers and economists, working on a single
economy over time. Instead of a country-specific recipe, the
commission offers some more general thoughts on the
opportunities and constraints faced by nations in
Sub-Saharan Africa, countries rich in resources, small
states with fewer than 2 million people, and middle-income
countries that have lost their economic momentum. In the
final part of the report, the commission discusses global
trends that are beyond the control of any single
developing-country policy maker. Global warming is one
example; the surge in protectionist sentiment another; the
rise of commodity prices a third. In addition, the
commission discusses the aging of the world population and
the potential dangers of America's external deficit.
These trends are new enough that the 13 high-growth
economies of the postwar period did not have to face them.
The question is whether they now make it impossible for
other countries to emulate that postwar success. |
| format |
Publications & Research :: Publication |
| author |
Commission on Growth and Development |
| author_facet |
Commission on Growth and Development |
| author_sort |
Commission on Growth and Development |
| title |
The Growth Report : Strategies for Sustained Growth and Inclusive Development |
| title_short |
The Growth Report : Strategies for Sustained Growth and Inclusive Development |
| title_full |
The Growth Report : Strategies for Sustained Growth and Inclusive Development |
| title_fullStr |
The Growth Report : Strategies for Sustained Growth and Inclusive Development |
| title_full_unstemmed |
The Growth Report : Strategies for Sustained Growth and Inclusive Development |
| title_sort |
growth report : strategies for sustained growth and inclusive development |
| publisher |
Washington, DC : World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/06/9781072/growth-report-strategies-sustained-growth-inclusive-development http://hdl.handle.net/10986/6507 |
| _version_ |
1764397925929058304 |
| spelling |
okr-10986-65072021-04-23T14:02:25Z The Growth Report : Strategies for Sustained Growth and Inclusive Development Commission on Growth and Development ABSOLUTE POVERTY ADVANCED COUNTRIES AGRICULTURE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE INCOME AVERAGE INCOME LEVEL AVERAGE INCOMES BUDGET DEFICITS CAPITAL CONTROLS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CARBON DIOXIDE CENTRAL BANK CENTRAL BANKS CITIZENS CLIMATE CHANGE COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMERS COUNTRY CASE CYCLE OF POVERTY DEBT DECISION MAKING DEMOCRACIES DEMOCRACY DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT GOALS DEVELOPMENT INDICATORS DEVELOPMENT OBJECTIVES DEVELOPMENT REPORT DISEASES DOMESTIC INDUSTRIES ECOLOGICAL STRESS ECONOMIC AFFAIRS ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC RESEARCH ECONOMIC STAGNATION ECONOMIC STRUCTURE ECONOMICS EDUCATED WOMEN EDUCATED WORKERS EDUCATION OF GIRLS EMERGENCIES ENERGY USE EQUAL DISTRIBUTION EQUAL OPPORTUNITIES EQUALITY OF OPPORTUNITY ESSENTIAL COMMODITIES EXCHANGE RATE EXCHANGE RATES EXPORT PROMOTION EXPORTS EXTERNALITIES EXTREME POVERTY FERTILITY RATES FINANCIAL MARKET FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEMS FORECASTS FOREIGN CAPITAL FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT GDP GLOBAL ECONOMY GLOBAL LEVEL GLOBAL MARKETS GLOBALIZATION GOVERNMENT REGULATION GOVERNMENT REGULATIONS GREENHOUSE GAS GREENHOUSE GASES GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH MODELS GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH PROSPECTS GROWTH RATES HEALTH CARE HIGH GROWTH HIGH INFLATION HOST COUNTRIES HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INEQUALITY INDUSTRIAL POLICY INDUSTRIAL REVOLUTION INDUSTRIALIZED COUNTRIES INFLATION RATES INFRASTRUCTURE INVESTMENT INTERNATIONAL COMMUNITY INTERNATIONAL ORGANIZATIONS JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR SUPPLY LAISSEZ FAIRE LANDLOCKED COUNTRIES LARGE NUMBERS OF PEOPLE LEGAL STATUS LONG RUN LONG-TERM GROWTH LOW FERTILITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET ECONOMY MARKET FAILURES MATERIAL RESOURCES MATURE MARKET MIDDLE-INCOME COUNTRIES MIGRATION MILLENNIUM DEVELOPMENT GOAL MILLENNIUM DEVELOPMENT GOALS MONETARY AUTHORITY MONETARY POLICIES MOTHER MULTILATERAL TRADE NATIONAL DEVELOPMENT NATIONAL ECONOMY NATIONAL INCOME NATURAL RESOURCES NUMBER OF PEOPLE OPEN ECONOMY OUTREACH ACTIVITIES PER CAPITA INCOME PER CAPITA INCOME LEVELS POINT OF DEPARTURE POLICY ANALYSIS POLICY AREAS POLICY MAKERS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL LEADERSHIP POLITICAL PARTIES POLITICAL PROCESS POLITICAL UPHEAVALS POLLUTION POOR COUNTRIES POOR FAMILIES POOR PEOPLE POPULAR SUPPORT POTENTIAL OUTPUT POVERTY RATES POVERTY REDUCTION POWER PARITIES PRACTITIONERS PRICE STABILITY PRIMARY PRODUCTS PRIVATIZATIONS PRODUCT MARKETS PROGRESS PROPERTY RIGHTS PROTECTIONISM PUBLIC HEALTH PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC POLICY PUBLIC SAVING PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICES PUBLIC TRANSPORTATION PURCHASING POWER PURCHASING POWER PARITY QUALITY OF EDUCATION QUALITY OF LIFE RAPID GROWTH REAL EXCHANGE RATES REGIONAL POLICY RELATIVE PRICES RESPECT RICH COUNTRIES RICHER COUNTRIES SAFETY NETS SAVING RATE SAVINGS SCARCITY VALUE SOCIAL CONCERNS SOCIAL SCIENCES SOCIAL SECURITY SOCIOECONOMIC INDICATORS STRUCTURAL CHANGE SUPPLY CHAINS TECHNOLOGY TRANSFER TEMPORARY MIGRATION TETANUS TRADE NEGOTIATIONS TRANSPARENCY TRANSPARENCY INITIATIVE TREASURY UNEMPLOYMENT UNIONS URBAN AREAS URBANIZATION VOLATILITY WAGES WAR WEALTH WORKFORCE WORLD ECONOMY WORLD MARKET WORLD POPULATION WORLD TRADE WORLD TRADE ORGANIZATION WTO The report has four main parts. In the first, the commission reviews the 13 economies that have sustained, high growth in the postwar period. Their growth models had some common flavors: the strategic integration with the world economy; the mobility of resources, particularly labor; the high savings and investment rates; and a capable government committed to growth. The report goes on to describe the cast of mind and techniques of policy making that leaders will need if they are to emulate such a growth model. It concludes that their policy making will need to be patient, pragmatic, and experimental. In the second part, the commission lays out the ingredients a growth strategy might include. These range from public investment and exchange rate policies to land sales and redistribution. A list of ingredients is not enough to make a dish, of course, as Bob Solow, a Nobel Prize-winning economist and a member of the Commission, points out. The commission, however, refrains from offering policy makers a recipe, or growth strategy, to follow. This is because no single recipe exists. Timing and circumstance will determine how the ingredients should be combined, in what quantities, and in what sequence. Formulating a full growth strategy, then, is not a job for this Commission but for a dedicated team of policy makers and economists, working on a single economy over time. Instead of a country-specific recipe, the commission offers some more general thoughts on the opportunities and constraints faced by nations in Sub-Saharan Africa, countries rich in resources, small states with fewer than 2 million people, and middle-income countries that have lost their economic momentum. In the final part of the report, the commission discusses global trends that are beyond the control of any single developing-country policy maker. Global warming is one example; the surge in protectionist sentiment another; the rise of commodity prices a third. In addition, the commission discusses the aging of the world population and the potential dangers of America's external deficit. These trends are new enough that the 13 high-growth economies of the postwar period did not have to face them. The question is whether they now make it impossible for other countries to emulate that postwar success. 2012-05-29T13:45:32Z 2012-05-29T13:45:32Z 2008 http://documents.worldbank.org/curated/en/2008/06/9781072/growth-report-strategies-sustained-growth-inclusive-development 978-0-8213-7491-7 http://hdl.handle.net/10986/6507 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC : World Bank Publications & Research :: Publication Publications & Research :: Publication |