The article provides a broad-based overview on competing development strategies and the economic performance of developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington Consensus, neo-liberalism, "good governance" and MDGs)...

The struggle to develop Africa : the failure of development theory -- The struggle to develop Africa : lessons from public choice theory -- The African economies today : an overview -- The state and a legacy of perverse economic policies -- Structural adjustment programs, the Bretton Woods...

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...