By Boris Pleskovic
The "Annual international financial institution convention on improvement Economics" (ABCDE) brings jointly the world's prime students and improvement practitioners for a full of life debate on cutting-edge pondering in improvement coverage and the consequences for the worldwide economic system. The 10th convention handled 4 tricky subject matters in improvement: • the function of geography in nations' good fortune, with Paul Krugman, John Luke Gallup and Jeffrey Sachs; • the function and layout of legislation and festival coverage, with Paul Joskow and Jean-Jacques Laffont; • the reasons of economic crises and how you can hinder them, with Bruce Greenwald, Asli Demirguc-Kunt and Enrica Detragiache; and • how ethnic clash impacts democracy and development, with Paul Collier and Donald L. Horowitz. This quantity additionally contains insights from Nobel Prize winner James Tobin, Stanley Fischer, Joseph E. Stiglitz, and global financial institution President James D. Wolfensohn.
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Extra info for Annual World Bank Conference on Development Econmics 1998 (Annual World Bank Conference on Development Economics)
And as important as stimulating effective competition policy may be, said Laffont, so too is building strong democratic institutions that promote the welfare of consumers and avoid interference by interest groups. What Causes Financial Crises-and Can We Prevent Them? The sudden crises in Mexico and Asia in recent years revealed the shortcomings of traditional open economy models, which assume efficient global financial markets, Page 6 argued Bruce Greenwald. In these models, global financial and product markets tend to mitigate rather than intensify such crises, suggesting that market imperfections must be at work in these real world crises.
He suggested that all too often views are shaped more by ideology than by solid research, illustrating the proposition by several themes drawn from recent policy debates. As an example, he noted that emerging from the careful study of recent development experiences were increasing doubts over the Washington Consensus or the "neoliberal model of development," which accorded the government a minimal role (essentially that of ensuring macroeconomic stability, especially price stability), while remaining handsoff in all other areas and allowing markets to work through trade liberalization and privatization.
Horowitz 343 Comments Robert H. Bates 371 Michael Chege 377 Floor Discussion 384 The Political Economy of Ethnicity Paul Collier 387 Comments Pauline E. Peters 400 Jennifer Widner 406 Floor Discussion 410 Page 1 INTRODUCTION Boris Pleskovic and Joseph E. Stiglitz The Annual World Bank Conference on Development Economics brings together the world's leading development policy scholars and practitioners to discuss state-of-the art thinking on vital issues facing developing and industrial countries and to revisit matters of long-standing concern.
Annual World Bank Conference on Development Econmics 1998 (Annual World Bank Conference on Development Economics) by Boris Pleskovic