The benefits of financial development and globalization have come with continuing fragility in financial sectors. Periodic crises have had real but heterogeneous welfare impacts and not just for poor people; indeed, some of the conditions that foster deep and persistent poverty, such as lack of...

The World Bank's Annual Bank Conference on Development Economics (ABCDE) was held in Bangalore, India on May 21-23, 2003. The ABCDE, one of the world's best-known conferences on development, was held for the first time in a developing country. "Accelerating Development" was the theme of the 2003...