We analyze and compare the pattern of economic growth and development of China and South Korea in the postwar period. Geographical proximity and cultural affinity between the two countries, as well as the key role of the developmental state in the economies of both countries, suggests that an...

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...

Economists find it difficult to reach agreement about the effects on economic growth of depreciation of the money value. One reason is that they define certain terms in different ways, another one is that many other factors as well as inflation have an impact on economic growth. They may...

This paper reviews the Annual Progress Report (APR) on Poverty Reduction Strategy Paper (PRSP) on Benin. The APR presents an overview of the implementation of the strategy addressing in turn the new vision of development in Benin, the major projects initiated for the creation of national wealth...

The aggregate picture of world economic growth shows a remarkable diversity in growth performance, both geographically and across time. We find high growth countries and low growth countries; countries that have grown rapidly throughout time, and countries that have experienced growth spurts for...

El presente trabajo analiza el papel que la apertura comercial tiene en los procesos de desarrollo. Se discuten los aspectos estáticos y dinámicos de la apertura comercial y se toma en consideración las respuestas públicas a los fallos de mercado relacionados con los procesos de...