This paper provides an historical overview of both the evolution of the economic performance of the developing world and the evolution of economic thought on development policy. The twentieth century was broadly characterized by divergence between high-income countries and the developing world,...

The Annual Bank Conference on Development Economics (ABCDE) is one of the best-known conferences for the presentation and discussion of new knowledge on development. It is an opportunity for many of the world's finest development thinkers to present their ideas. The papers in this volume were...

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...

This paper proposes a demand-side theory on the appropriate financial structure for an economy. As argued in the new structural economics, the factor endowment structure in an economy determines its optimal industrial structure. Firms operating in different industries and applying different...

This volume presents papers from a global gathering of the world’s leading development scholars and practitioners held May 31 - June 2, 2010. Paper themes include: Environmental Commons and the Green Economy, Post-crisis Development Strategy, the Political Economy of Fragile States, Measuring...

Economic development is a process of continuous industrial and technological upgrading in which any country, regardless of its level of development, can succeed if it develops industries that are consistent with its comparative advantage, determined by its endowment structure. The secret winning...

Whether People's Republic of China can maintain a dynamic growth in coming decades is important not only for the Chinese people but also many other countries in the world. This paper will examine the potential of PRC's future growth, the reform necessary to tap into that potential, the impact of...

The current global financial crisis is the most serious both in terms of magnitude and in terms of scope since the Great Depression. No country has been immune to the economic slowdown. In advanced economies, the financial crisis and the global recession that followed the burst of the global...

The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration and remittances. For most low-income countries, shocks that affect food prices or wage...