Welcome to the Growth Blog

The Growth Blog is a forum for you - the policy maker, the academic, the student, and the interested citizen of the world - to agree, disagree, or simply to engage current practitioners on policies and issues critical to development. This platform was inspired by the series of meetings that the Commission on Growth and Development held around the world over the course of the last two years. Of the many lessons that emerged in the deliberations, the one that stands out is that inclusive growth requires inclusive thinking, and inclusive discussion.

Leadership

Multilateralism and Mutual Accountability to Safeguard Developing Country Progress

Submitted by Trevor Manuel on Tue, 11/18/2008 - 09:46.

The global financial and economic crisis highlights the need for effective means of coordinating complementary national policy responses into workable international action. This seems to me to require in turn an international financial architecture that emphasizes the sustainability of national and cross-border financial institutions, instruments and regulations. The international financial architecture needs a major infusion of transparency and forward-looking regulatory practices. Neither will be simple to conceptualise or implement.  

The Role of Governance and Institutions in Growth

Submitted by Administrator on Tue, 05/20/2008 - 15:53.

On April 16th, 2008, the World Bank convened a conference to examine Inclusive and Sustainable Growth.  Paul Romer, a professor economics at Stanford University, and Senior Fellow at the Hoover Institution, as well as a member of the Growth Commission’s working group, delivered the keynote address, where he focused on the role of governance and institutions in the growth process. In his speech, Professor Romer identifies many crucial functions that government can perform in facilitating growth – both catch up growth, and leading edge growth - including encouraging the flow of ideas, achieving macroeconomic stabilization, and maintaining personal safety, among others.

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