Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development

The commission on growth and development was established in April 2006 as a response to two observations. While the author felt that the benefits of growth were not fully appreciated, the author recognized that the causes of growth were not fully u...

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Main Authors: Spence, Michael, Leipziger, Danny
Format: Publication
Language:English
Published: World Bank 2012
Subjects:
CDS
TAX
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100427004420
http://hdl.handle.net/10986/2440
id okr-10986-2440
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ACCOUNTANT
AGGREGATE DEMAND
AIR POLLUTION
ASSET PRICES
BAILOUTS
BALANCE SHEETS
BANK LOANS
BANK MARKET
BENEFICIARIES
BUDGET
CAPITAL ACCOUNTS
CAPITAL ADEQUACY
CAPITAL FLOWS
CAPITAL INFLOWS
CAPITAL MARKET
CAPITAL MARKETS
CAPITAL OUTFLOWS
CAPITALIST ECONOMIES
CARBON
CARBON DIOXIDE
CDS
CENTRAL BANK
CENTRAL BANKS
CLIMATE CHANGE
CONTRACT
CREDIT
CREDIT DEFAULT
CREDIT DEFAULT SWAP
CREDIT MARKETS
CROSS-BORDER FLOWS
DEBT
DEBT LEVELS
DEBT OBLIGATION
DEMAND
DEMOGRAPHICS
DEPOSIT
DEREGULATION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT BANK
DOMESTIC CAPITAL
DOMESTIC CAPITAL MARKETS
ECONOMIC ACTIVITY
ECONOMIC CONDITIONS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC VALUE
ECONOMICS
ECONOMIES
ECONOMISTS
EFFICIENCY
EMERGING ECONOMIES
EMERGING MARKET
EMERGING MARKET COUNTRIES
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EMISSIONS
ENABLING ENVIRONMENT
ENVIRONMENT
ENVIRONMENTAL
ENVIRONMENTAL ECONOMICS
ENVIRONMENTAL POLICY
EQUILIBRIUM
EQUITY
EXCHANGE RATE
EXCHANGE RATES
EXPENDITURE
EXPENDITURES
EXTERNAL FINANCE
FEDERAL DEPOSIT INSURANCE
FEDERAL RESERVE
FEDERAL RESERVE BANK
FINANCE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL FLOWS
FINANCIAL FRAGILITY
FINANCIAL HISTORY
FINANCIAL INSTITUTIONS
FINANCIAL RISKS
FINANCIAL STABILITY
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FISCAL BURDEN
FISCAL POLICY
FORECLOSURES
FOREIGN CAPITAL
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FOREIGN FINANCING
FORESTRY
FRICTIONAL UNEMPLOYMENT
FUTURE
FUTURES
GLOBAL ECONOMY
GLOBAL MARKETS
GLOBALIZATION
GOOD
GOODS
GOVERNANCE ISSUES
GOVERNMENT DEBT
GOVERNMENT FUNDING
GOVERNMENT INVOLVEMENT
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
GUARANTEE
GUARANTEES
HIGH UNEMPLOYMENT
HUMAN CAPITAL
INCENTIVES
INCOME INEQUALITY
INCOME LEVEL
INDEBTEDNESS
INFLATION
INFORMATION SYSTEM
INFORMATION TECHNOLOGY
INFRASTRUCTURE INVESTMENT
INSTRUMENT
INSTRUMENTS
INSURANCE CORPORATION
INTEREST
INTEREST RATES
INTERESTS
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTION
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL INVESTMENT
INTERNATIONAL MARKETS
INTERNATIONAL STANDARD
INTERNATIONAL TRADE
INVESTMENT
INVESTMENTS
INVESTOR
INVESTOR EDUCATION
ISLAMIC FINANCE
LABOR FORCE
LABOR MARKET
LENDERS
LENDING
LIABILITIES
LIQUIDITY
LIQUIDITY CRISES
MACROECONOMIC MANAGEMENT
MACROECONOMIC POLICY
MACROECONOMIC VOLATILITY
MARKET
MARKET DEVELOPMENT
MARKET ECONOMIES
MARKET ECONOMY
MARKET FAILURES
MARKET PARTICIPANTS
MODELS
MONETARY AUTHORITY
MONETARY FUND
MONETARY POLICY
MORAL HAZARD
NONPERFORMING LOANS
OPEC
OPEN ECONOMIES
OPEN ECONOMY
OPEN MARKET
OPTION
OPTIONS
PENSION
PENSION SYSTEMS
PENSIONS
PERSONAL INCOME
POLICY DECISIONS
POLICY MAKERS
POLICY RESPONSES
POLITICAL ECONOMY
POLLUTION
POPULATION GROWTH
PORTFOLIOS
POST-CRISIS PERIOD
POVERTY
PRESENT VALUE
PRICE FORMATION
PRICE STABILITY
PRICES
PRIVATE BANKS
PRIVATE CREDIT
PRIVATE INVESTMENT
PROBABILITY OF DEFAULT
PRODUCTIVE INVESTMENT
PROFITS
PROPERTY
PROPERTY RIGHTS
PUBLIC BANKS
PUBLIC DEBT
PUBLIC FINANCE
PUBLIC SECTOR BANKS
REGULATORY AUTHORITY
REGULATORY SCRUTINY
REGULATORY STRUCTURES
REGULATORY SYSTEM
RESERVES
RESOURCE CONSERVATION
RESOURCES
RETURN
RETURNS
REVENUES
SAFETY NET
SAFETY NETS
SECURITIES
SECURITY
SHARE
SHARES
SOLVENCY
STOCK
STOCK MARKET
STRUCTURAL ADJUSTMENT
STRUCTURAL UNEMPLOYMENT
SUBSIDIES
SUSTAINABLE DEVELOPMENT
SUSTAINABLE GROWTH
TARIFFS
TAX
TAX COLLECTION
TAX CREDITS
TAX RATES
TAX REVENUE
TELECOMMUNICATIONS
TRADE
TRADEOFFS
TRADING
TRADING SYSTEM
TREASURY
TRUSTEE
UNEMPLOYMENT
UNEMPLOYMENT RATES
WAGE DIFFERENTIALS
WAGES
spellingShingle ACCOUNTANT
AGGREGATE DEMAND
AIR POLLUTION
ASSET PRICES
BAILOUTS
BALANCE SHEETS
BANK LOANS
BANK MARKET
BENEFICIARIES
BUDGET
CAPITAL ACCOUNTS
CAPITAL ADEQUACY
CAPITAL FLOWS
CAPITAL INFLOWS
CAPITAL MARKET
CAPITAL MARKETS
CAPITAL OUTFLOWS
CAPITALIST ECONOMIES
CARBON
CARBON DIOXIDE
CDS
CENTRAL BANK
CENTRAL BANKS
CLIMATE CHANGE
CONTRACT
CREDIT
CREDIT DEFAULT
CREDIT DEFAULT SWAP
CREDIT MARKETS
CROSS-BORDER FLOWS
DEBT
DEBT LEVELS
DEBT OBLIGATION
DEMAND
DEMOGRAPHICS
DEPOSIT
DEREGULATION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT BANK
DOMESTIC CAPITAL
DOMESTIC CAPITAL MARKETS
ECONOMIC ACTIVITY
ECONOMIC CONDITIONS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC VALUE
ECONOMICS
ECONOMIES
ECONOMISTS
EFFICIENCY
EMERGING ECONOMIES
EMERGING MARKET
EMERGING MARKET COUNTRIES
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EMISSIONS
ENABLING ENVIRONMENT
ENVIRONMENT
ENVIRONMENTAL
ENVIRONMENTAL ECONOMICS
ENVIRONMENTAL POLICY
EQUILIBRIUM
EQUITY
EXCHANGE RATE
EXCHANGE RATES
EXPENDITURE
EXPENDITURES
EXTERNAL FINANCE
FEDERAL DEPOSIT INSURANCE
FEDERAL RESERVE
FEDERAL RESERVE BANK
FINANCE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL FLOWS
FINANCIAL FRAGILITY
FINANCIAL HISTORY
FINANCIAL INSTITUTIONS
FINANCIAL RISKS
FINANCIAL STABILITY
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FISCAL BURDEN
FISCAL POLICY
FORECLOSURES
FOREIGN CAPITAL
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FOREIGN FINANCING
FORESTRY
FRICTIONAL UNEMPLOYMENT
FUTURE
FUTURES
GLOBAL ECONOMY
GLOBAL MARKETS
GLOBALIZATION
GOOD
GOODS
GOVERNANCE ISSUES
GOVERNMENT DEBT
GOVERNMENT FUNDING
GOVERNMENT INVOLVEMENT
GOVERNMENT SPENDING
GROSS DOMESTIC PRODUCT
GUARANTEE
GUARANTEES
HIGH UNEMPLOYMENT
HUMAN CAPITAL
INCENTIVES
INCOME INEQUALITY
INCOME LEVEL
INDEBTEDNESS
INFLATION
INFORMATION SYSTEM
INFORMATION TECHNOLOGY
INFRASTRUCTURE INVESTMENT
INSTRUMENT
INSTRUMENTS
INSURANCE CORPORATION
INTEREST
INTEREST RATES
INTERESTS
INTERNATIONAL BANK
INTERNATIONAL DEVELOPMENT
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTION
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL INVESTMENT
INTERNATIONAL MARKETS
INTERNATIONAL STANDARD
INTERNATIONAL TRADE
INVESTMENT
INVESTMENTS
INVESTOR
INVESTOR EDUCATION
ISLAMIC FINANCE
LABOR FORCE
LABOR MARKET
LENDERS
LENDING
LIABILITIES
LIQUIDITY
LIQUIDITY CRISES
MACROECONOMIC MANAGEMENT
MACROECONOMIC POLICY
MACROECONOMIC VOLATILITY
MARKET
MARKET DEVELOPMENT
MARKET ECONOMIES
MARKET ECONOMY
MARKET FAILURES
MARKET PARTICIPANTS
MODELS
MONETARY AUTHORITY
MONETARY FUND
MONETARY POLICY
MORAL HAZARD
NONPERFORMING LOANS
OPEC
OPEN ECONOMIES
OPEN ECONOMY
OPEN MARKET
OPTION
OPTIONS
PENSION
PENSION SYSTEMS
PENSIONS
PERSONAL INCOME
POLICY DECISIONS
POLICY MAKERS
POLICY RESPONSES
POLITICAL ECONOMY
POLLUTION
POPULATION GROWTH
PORTFOLIOS
POST-CRISIS PERIOD
POVERTY
PRESENT VALUE
PRICE FORMATION
PRICE STABILITY
PRICES
PRIVATE BANKS
PRIVATE CREDIT
PRIVATE INVESTMENT
PROBABILITY OF DEFAULT
PRODUCTIVE INVESTMENT
PROFITS
PROPERTY
PROPERTY RIGHTS
PUBLIC BANKS
PUBLIC DEBT
PUBLIC FINANCE
PUBLIC SECTOR BANKS
REGULATORY AUTHORITY
REGULATORY SCRUTINY
REGULATORY STRUCTURES
REGULATORY SYSTEM
RESERVES
RESOURCE CONSERVATION
RESOURCES
RETURN
RETURNS
REVENUES
SAFETY NET
SAFETY NETS
SECURITIES
SECURITY
SHARE
SHARES
SOLVENCY
STOCK
STOCK MARKET
STRUCTURAL ADJUSTMENT
STRUCTURAL UNEMPLOYMENT
SUBSIDIES
SUSTAINABLE DEVELOPMENT
SUSTAINABLE GROWTH
TARIFFS
TAX
TAX COLLECTION
TAX CREDITS
TAX RATES
TAX REVENUE
TELECOMMUNICATIONS
TRADE
TRADEOFFS
TRADING
TRADING SYSTEM
TREASURY
TRUSTEE
UNEMPLOYMENT
UNEMPLOYMENT RATES
WAGE DIFFERENTIALS
WAGES
Spence, Michael
Leipziger, Danny
Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development
relation Commission on Growth and Development
description The commission on growth and development was established in April 2006 as a response to two observations. While the author felt that the benefits of growth were not fully appreciated, the author recognized that the causes of growth were not fully understood. Growth is often overlooked and underrated as an instrument for tackling the world's most pressing problems, such as poverty, illiteracy, income inequality, unemployment, and pollution. At the same time, understanding of economic growth is less definitive than commonly thought, even though advice sometimes has been given to developing countries with greater confidence than perhaps the state of our knowledge will justify. Consequently, the commission's mandate was to 'take stock of the state of theoretical and empirical knowledge on economic growth with a view to drawing implications for policy for the current and next generation of policy makers.' This mandate has even more significance in the aftermath of the financial and economic crisis of 2008. As developing countries seek to repair the damage to their economies and to re-launch themselves on a sustained high-growth path, there has never been a greater need for fresh new ideas and approaches to achieving sustained high growth. There has been no dearth of commentary about what the crisis may mean, but in reality, until the bottom has been reached and the path to recovery is clear, it will be difficult to draw general lessons for the future. This collection of essays encompasses a variety of viewpoints and covers both medium- and long-term policy issues. It is said that more textbooks have become obsolete in 2009 than in any year since the great depression. As a corollary, much has been written that is worth reviewing in a volume on globalization. The papers look at the issue of globalization from diverse points of view and add insights and perspective to the recommendations of the growth report.
format Publications & Research :: Publication
author Spence, Michael
Leipziger, Danny
author_facet Spence, Michael
Leipziger, Danny
author_sort Spence, Michael
title Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development
title_short Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development
title_full Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development
title_fullStr Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development
title_full_unstemmed Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development
title_sort globalization and growth - implications for a post-crisis world : commission on growth and development
publisher World Bank
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100427004420
http://hdl.handle.net/10986/2440
_version_ 1764385467645558784
spelling okr-10986-24402021-04-23T14:02:02Z Globalization and Growth - Implications for a Post-Crisis World : Commission on Growth and Development Spence, Michael Leipziger, Danny ACCOUNTANT AGGREGATE DEMAND AIR POLLUTION ASSET PRICES BAILOUTS BALANCE SHEETS BANK LOANS BANK MARKET BENEFICIARIES BUDGET CAPITAL ACCOUNTS CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL OUTFLOWS CAPITALIST ECONOMIES CARBON CARBON DIOXIDE CDS CENTRAL BANK CENTRAL BANKS CLIMATE CHANGE CONTRACT CREDIT CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT MARKETS CROSS-BORDER FLOWS DEBT DEBT LEVELS DEBT OBLIGATION DEMAND DEMOGRAPHICS DEPOSIT DEREGULATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC VALUE ECONOMICS ECONOMIES ECONOMISTS EFFICIENCY EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMERGING MARKETS EMISSIONS ENABLING ENVIRONMENT ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL ECONOMICS ENVIRONMENTAL POLICY EQUILIBRIUM EQUITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXTERNAL FINANCE FEDERAL DEPOSIT INSURANCE FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL FRAGILITY FINANCIAL HISTORY FINANCIAL INSTITUTIONS FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL BURDEN FISCAL POLICY FORECLOSURES FOREIGN CAPITAL FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FORESTRY FRICTIONAL UNEMPLOYMENT FUTURE FUTURES GLOBAL ECONOMY GLOBAL MARKETS GLOBALIZATION GOOD GOODS GOVERNANCE ISSUES GOVERNMENT DEBT GOVERNMENT FUNDING GOVERNMENT INVOLVEMENT GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GUARANTEE GUARANTEES HIGH UNEMPLOYMENT HUMAN CAPITAL INCENTIVES INCOME INEQUALITY INCOME LEVEL INDEBTEDNESS INFLATION INFORMATION SYSTEM INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT INSTRUMENT INSTRUMENTS INSURANCE CORPORATION INTEREST INTEREST RATES INTERESTS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ECONOMICS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTMENT INTERNATIONAL MARKETS INTERNATIONAL STANDARD INTERNATIONAL TRADE INVESTMENT INVESTMENTS INVESTOR INVESTOR EDUCATION ISLAMIC FINANCE LABOR FORCE LABOR MARKET LENDERS LENDING LIABILITIES LIQUIDITY LIQUIDITY CRISES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MACROECONOMIC VOLATILITY MARKET MARKET DEVELOPMENT MARKET ECONOMIES MARKET ECONOMY MARKET FAILURES MARKET PARTICIPANTS MODELS MONETARY AUTHORITY MONETARY FUND MONETARY POLICY MORAL HAZARD NONPERFORMING LOANS OPEC OPEN ECONOMIES OPEN ECONOMY OPEN MARKET OPTION OPTIONS PENSION PENSION SYSTEMS PENSIONS PERSONAL INCOME POLICY DECISIONS POLICY MAKERS POLICY RESPONSES POLITICAL ECONOMY POLLUTION POPULATION GROWTH PORTFOLIOS POST-CRISIS PERIOD POVERTY PRESENT VALUE PRICE FORMATION PRICE STABILITY PRICES PRIVATE BANKS PRIVATE CREDIT PRIVATE INVESTMENT PROBABILITY OF DEFAULT PRODUCTIVE INVESTMENT PROFITS PROPERTY PROPERTY RIGHTS PUBLIC BANKS PUBLIC DEBT PUBLIC FINANCE PUBLIC SECTOR BANKS REGULATORY AUTHORITY REGULATORY SCRUTINY REGULATORY STRUCTURES REGULATORY SYSTEM RESERVES RESOURCE CONSERVATION RESOURCES RETURN RETURNS REVENUES SAFETY NET SAFETY NETS SECURITIES SECURITY SHARE SHARES SOLVENCY STOCK STOCK MARKET STRUCTURAL ADJUSTMENT STRUCTURAL UNEMPLOYMENT SUBSIDIES SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TARIFFS TAX TAX COLLECTION TAX CREDITS TAX RATES TAX REVENUE TELECOMMUNICATIONS TRADE TRADEOFFS TRADING TRADING SYSTEM TREASURY TRUSTEE UNEMPLOYMENT UNEMPLOYMENT RATES WAGE DIFFERENTIALS WAGES The commission on growth and development was established in April 2006 as a response to two observations. While the author felt that the benefits of growth were not fully appreciated, the author recognized that the causes of growth were not fully understood. Growth is often overlooked and underrated as an instrument for tackling the world's most pressing problems, such as poverty, illiteracy, income inequality, unemployment, and pollution. At the same time, understanding of economic growth is less definitive than commonly thought, even though advice sometimes has been given to developing countries with greater confidence than perhaps the state of our knowledge will justify. Consequently, the commission's mandate was to 'take stock of the state of theoretical and empirical knowledge on economic growth with a view to drawing implications for policy for the current and next generation of policy makers.' This mandate has even more significance in the aftermath of the financial and economic crisis of 2008. As developing countries seek to repair the damage to their economies and to re-launch themselves on a sustained high-growth path, there has never been a greater need for fresh new ideas and approaches to achieving sustained high growth. There has been no dearth of commentary about what the crisis may mean, but in reality, until the bottom has been reached and the path to recovery is clear, it will be difficult to draw general lessons for the future. This collection of essays encompasses a variety of viewpoints and covers both medium- and long-term policy issues. It is said that more textbooks have become obsolete in 2009 than in any year since the great depression. As a corollary, much has been written that is worth reviewing in a volume on globalization. The papers look at the issue of globalization from diverse points of view and add insights and perspective to the recommendations of the growth report. 2012-03-19T09:33:40Z 2012-03-19T09:33:40Z 2010 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100427004420 978-0-8213-8220-2 http://hdl.handle.net/10986/2440 English Commission on Growth and Development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication