Annual World Bank Conference on Development Economics-Europe by Nicholas Stern, Bertil Tungodden, Ivar Kolstad

By Nicholas Stern, Bertil Tungodden, Ivar Kolstad

The once a year global financial institution convention on improvement Economics (ABCDE) brings jointly the world's most interesting improvement thinkers to offer their views and concepts. lately, a parallel, moment convention has been held in Europe with an identical objective of increasing the movement of rules among thinkers, practitioners, and policymakers within the box of foreign improvement. ABCDE Europe 2003 offers chosen papers from the fourth annual ABCDE Europe conferences, held June 24-26, 2002, in Oslo, Norway. Hosted via the realm financial institution and the Chr. Michelsen Institute, greater than 350 eminent students and practitioners from 50 nations met to planned at the topic 'Towards Pro-Poor Policies'. The papers from periods on reduction, associations, and globalization supply either a normal evaluation of hyperlinks among poverty, inequality, and development, and tackle particular issues akin to the seriously Indebted negative nations Initiative for debt aid. All think of the position of guidelines and associations in improvement and poverty relief. during this quantity: an summary by means of Bertil Tungodden, Ivar Kolstad, and Nicholas Stern; papers on relief through Nicholas Stern, David Roland-Holst and Finn Tarp, Stephan Klasen, Lisa Chauvet and Patrick Guillaumont, and Jean-Pierre hold, Mireille Razafindrakoto, and Fran?ois Roubaud; papers on associations by way of Mariano Tommasi, Mushtaq Khan, David Dunham, Stanley Engerman and Kenneth Sokoloff, Karla Hoff and Joseph Stiglitz; and papers on globalization via Jomo Sundaram, John Dunning, Antonio Spilimbergo, Juan Luis Londo?o, and Miguel Szekely, Andr?s Solimano, and Oded Stark.

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With the growth rates now forecast for the developing world, an implementation focus on income alone will not do enough; we must also act directly to achieve health, education, and other goals (Devarajan, Miller, and Swanson 2002). Table 2 illustrates this point, by showing how far growth alone, without any further initiatives, can be expected to take us toward reaching the MDG health and education goals. Education indicators, and especially health indicators, would likely fall well short of the MDGs on the basis of growth only forecasts.

The research on aid effectiveness, to which the Bank contributed heavily, has led to a warranted reduction in the share of aid flows going to countries with policies and institutions that are unlikely to support poverty reduction. At the same time, the Bank is developing ideas on how to promote change in these countries. A second example is the Education for All Fast Track program. This is a new approach aimed at scaling up primary school participation to help countries meet the MDG of attaining universal primary education by 2015.

Yet even if comparing a randomly assigned treatment group with a control group is impossible, for example, because withholding the treatment would be unethical, then sometimes the treatment can at least be rolled out in a randomized fashion. That is, if budget or other constraints 38 | NICHOL AS STERN prevent the project from being implemented simultaneously for the entire target population, project managers can introduce it to households or communities in a randomized sequence. They can then gauge the effects of the program by comparing early-treatment groups with late-treatment groups (Kremer 2002).

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