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Annual World Bank Conference on Development Economics by Boris Pleskovic, Nicholas Stern

By Boris Pleskovic, Nicholas Stern

The once a year global financial institution convention on improvement Economics (ABCDE) brings jointly the world's top students and improvement practitioners for a full of life debate on cutting-edge considering in improvement coverage and the consequences for the worldwide financial system. The thirteenth convention handled vital and arguable issues in improvement: globalization and inequality, with Daniel Cohen, Richard N. Cooper, Kevin H. O'Rourke, and Anthony J. Venables; and health and wellbeing and improvement, and Anne Case, Jean O. Lanjouw, Tomas Philipson and Rodrigo R. Soares, and Morten Rostrup. James D. Wolfensohn and Nicholas Stern additionally speak about the convention.

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A. a. a. a. a. a. a. a. a. a. a. 5 Argentina Brazil China Colombia India Iran, Islamic Rep. 3 — Not available. a. Not applicable. a. Refers to the Soviet Union, which ran such a restrictive trade policy that average tariffs were irrelevant. b. Refers to 1997. c. Refers to 1996. d. Approximation. e. Refers to 1993. Source: Bairoch 1989, 1993; World Bank, World Development Indicators 2000. Financial Statistics) reveal no discernible general trend toward commodity price convergence during the past four decades (O’Rourke 2002).

Approximation. e. Refers to 1993. Source: Bairoch 1989, 1993; World Bank, World Development Indicators 2000. Financial Statistics) reveal no discernible general trend toward commodity price convergence during the past four decades (O’Rourke 2002). Overall, what can we conclude about commodity market integration over the past 150 years? 2 Second, commodity markets are probably even better integrated today, but we lack the empirical evidence to document this. Clearly, we need further research on this important issue.

A fundamental principle should run through everything we do: the international financial institutions should help finance the costs of change—and should not cover the costs of not changing. The international financial institutions should orient their work toward helping countries improve their investment climate while at the same time supporting country ownership of and commitment to reform initiatives. How do we do it? Serious research on this topic begins by recognizing that there is a conundrum in the idea of being an agent for change, or “helping people help themselves,” to quote the World Bank’s mission statement.

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