What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...

This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...

The economics of growth has come a long way since it regained centerstage for economists in the mid-1980s. Here for the first time is aseries of country studies guided by that research. The thirteenessays, by leading economists, shed light on some of the mostimportant growth puzzles of our time....