Annual World Bank Conference on Development Economics--Global 2010 : Lessons from East Asia and the Global Financial Crisis
The Annual World Bank Conference on Development Economics (ABCDE) is a forum for discussion and debate of important policy issues facing developing countries. The conferences emphasize the contribution that empirical economic research can make to u...
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| Format: | Publication |
| Language: | English |
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World Bank
2012
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| 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=000386194_20110518044427 http://hdl.handle.net/10986/2555 |
| Summary: | The Annual World Bank Conference on
Development Economics (ABCDE) is a forum for discussion and
debate of important policy issues facing developing
countries. The conferences emphasize the contribution that
empirical economic research can make to understanding
development processes and to formulating sound development
policies. Conference papers are written by researchers in
and outside the World Bank. This year's ABCDE included
sessions on the following themes: industrial policy and
development; social capital, institutions, and development;
financial crisis and regulation; the road to a sustainable
global economic system; and innovation and competition. In
light of the global financial crisis, speakers touched on
fundamental questions: what caused the current crisis, and
how can the world economy recover?Are the standard
prescriptions of development economics adequate to the task?
Should developing countries alter their basic growth
strategies? What is the proper role of the state? Should
developing countries reexamine their commitment to free
trade? How can global imbalances be rectified (especially
between China and the United States)? Within the globalized
financial system, how can regulation are improved? In
attempting to answer these questions, many of the speakers
searched for solutions in the lessons offered by the
experience of Korea and other East Asian countries, which
reacted with varying degrees of success to the financial
crisis of the late 1990s. This volume includes selected
papers from the conference as well as keynote addresses by
SaKong, chairman of the Korean G-20 summit coordinating
committee, and two distinguished economists: Anne Krueger,
Stanford University and Johns Hopkins University, and Simon
Johnson, Massachusetts Institute of Technology. |
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