By Nicholas Stern, Bertil Tungodden, Ivar Kolstad
The once a year international financial institution convention on improvement Economics (ABCDE) brings jointly the world's most interesting improvement thinkers to give their views and ideas. in recent times, a parallel, moment convention has been held in Europe with an identical objective of increasing the movement of principles among thinkers, practitioners, and policymakers within the box of overseas improvement. ABCDE Europe 2003 offers chosen papers from the fourth annual ABCDE Europe conferences, held June 24-26, 2002, in Oslo, Norway. Hosted by way of the area financial institution and the Chr. Michelsen Institute, greater than 350 eminent students and practitioners from 50 nations met to planned at the subject matter 'Towards Pro-Poor Policies'. The papers from periods on relief, associations, and globalization supply either a basic assessment of hyperlinks among poverty, inequality, and progress, and tackle particular issues corresponding to the seriously Indebted terrible nations Initiative for debt relief. All think of the function of rules and associations in improvement and poverty aid. during this quantity: an summary via Bertil Tungodden, Ivar Kolstad, and Nicholas Stern; papers on reduction through Nicholas Stern, David Roland-Holst and Finn Tarp, Stephan Klasen, Lisa Chauvet and Patrick Guillaumont, and Jean-Pierre grasp, 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 by way of Jomo Sundaram, John Dunning, Antonio Spilimbergo, Juan Luis Londo?o, and Miguel Szekely, Andr?s Solimano, and Oded Stark.
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Additional info for Annual World Bank Conference on Development Economics-Europe 2003: Toward Pro-Poor Policies--Aid, Institutions, and Globalization (Annual World Bank Conference ... Bank Conference on Development Economics)
Dollar has in the United States. Unallocated/unspecified aid is not included. Data are shown only for countries reported by the Organisation for Economic Co-operation and Development, Development Assistance Committee as aid recipients. Less than 0 percent refers to recipients with negative net disbursements. Gross national income. Not applicable. 5 <0 No. of countries Aid (as a percentage 1995–2000 average Atlasa TABLE 3. 0 Aid (as a percentage of GNI, PPP) 3,542 6,002 6,605 4,898 1,977 1,518 3,507 25,088 1,785 460 501 261 1,329 647 5,154 903 GNI per capita Population, (current US$) 2000 (millions) 1995–2000 average Purchasing power parity Source: World Bank (2001b).
The list of such policies and institutions is a long one, and it reflects the key role of the international environment in determining the extent of traction that developing countries can gain with improved policies and institutions of their own. The international community should carry out mutual assessment of how actions by rich countries are affecting the development, as well as the actions, of poor countries. Relevant areas for measurement include the following, in which rich countries can take positive steps to promote development, and which have a strong influence on the international flows of goods, aid, capital, knowledge, and people: • Volume and efficiency of aid, including the degree of harmonization of policies and procedures among donor countries • Openness of rich countries’ markets and extent of both tariff and nontariff barriers to exports from developing countries • International financial architecture and financial stability • Extent of knowledge transfer from rich countries and effectiveness of capacity building • Intellectual property regime and whether it primarily benefits or harms different parts of the developing world • Migration policies.
We must find ways of getting much more out of both current resources and any increases in aid. We are going to have to apply the lessons we have learned even more effectively. Ideas and knowledge are central to scaling up. As Thomas Jefferson pointed out: “He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me” (cited in World Bank 1998b, p. 16). In the jargon of economics, ideas are nonrival and are a public good.
Annual World Bank Conference on Development Economics-Europe 2003: Toward Pro-Poor Policies--Aid, Institutions, and Globalization (Annual World Bank Conference ... Bank Conference on Development Economics) by Nicholas Stern, Bertil Tungodden, Ivar Kolstad