By Boris Pleskovic, Nicholas Stern
This annual convention is an international amassing of the world's prime students and improvement practitioners. one of the attendees are individuals from constructing international locations, universities, imagine tanks, NGOs, and overseas monetary associations. those papers pay attention to matters like alternate and poverty; Africa's destiny; rural or commercial improvement; schooling and empowerment; and funding weather and productiveness.
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Extra resources for Annual World Bank Conference on Development Economics 2003: The New Reform Agenda
Public sector management and institutions 16. Property rights and rule-based governance 17. Quality of budgetary and financial management 18. Efficiency of revenue mobilization 19. Quality of public administration 20. Transparency, accountability, and corruption in the public sector Source: CPIA Country Policy and Institutional Assessment. • Service delivery surveys, which assess the ability of service providers (for example, in health and education) to provide poor people with the tools they need to participate in growth.
Doha only opened the door to this dialogue; the challenge is now to open minds in rich countries to the great waste and damage those policies K E Y N O T E A D D R E S S : S C A L E , R E S U LT S , A N D D E V E L O P M E N T | 29 cause. To take one example, distortionary agricultural subsidies in rich countries are now more than six times global aid flows and are similar in magnitude to the GDP of Sub-Saharan Africa. They depress export prices of such crops as cotton, sugar, and soybean, and damage incomes in the poorest countries.
These are ambitious goals. But seriously addressing global poverty demands nothing less. And make no mistake—raising productivity growth is the only way to achieve substantial and sustained reductions in poverty. Empirical studies confirm this. Higher growth increases the income per capita of the lowest quintile by about the same amount as the other quintiles. KEYNOTE ADDRESS: NEW POLICIES FOR ECONOMIC DEVELOPMENT | 41 Impediments to Catching Up If low productivity is the proximate cause of poverty, then we need to answer another question: why is productivity so low in so many areas of the world?
Annual World Bank Conference on Development Economics 2003: The New Reform Agenda by Boris Pleskovic, Nicholas Stern