The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World

ISBN 10: 0821384988 / ISBN 13: 9780821384985

Verlag: World Bank Publications, 2010

Beschreibung

The global financial crisis of 2008-09 did not just change the global economic order. It also changed the way we think about that order. Principles and practices that were once accepted wisdom are now in doubt or discredited. New, fundamental questions opened. And the search for answers has barely begun. For the developing world, that conceptual uncertainty is particularly uncomfortable-through a mix of good policies and good luck, they had begun to achieve real progress. Will all that now be derailed? What does the new horizon bring to them? Can they find new policy ideas that will turn the shock of the crisis into a final run toward "developed" status? How does the future look when seen from various geographic regions? Those are the kind of questions that we asked, in the summer of 2010, to some 40 development professionals working at the World Bank. This book is an unfiltered collection of their views. As seasoned practitioners in the leading development institution, they have a unique perspective from which to visualize, we would dare say "to sense," what may be coming. Some of them look at the big picture of the role that the developing world is about to play, and how it will play it. Others walk us through the conceptual links around specific issues that will affect that world-say, the likely evolution of macro-financial regulation. And others take us to continents and countries, teach us about their realities, and tell us how things will differ in the coming years. Put together, they paint a picture of reasoned optimism.

Bestandsnummer des Verkäufers 0071769

Bibliografische Details

• Titel: The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World
• Verlag: World Bank Publications
• Erscheinungsjahr: 2010
• Sprache: Englisch
• ISBN-10: 0821384988
• ISBN-13: 9780821384985
• Einband: Paperback
• Zustand: New

Über diesen Titel

Inhaltsangabe

The 2008–09 Global Finanical Crisis shook the ground under the conventional wisdom that had guided mainstream development economics. Much of what had been held as true for decades is now open to reexamination—from what the role of governments should be in markets to which countries will be the engines of the world’s economy, from what people need to leave poverty to what businesses need to stay competitive.Development economists look into the future. They do not just ask how things work today, but how a new policy, program, or project would make them work tomorrow. They view the world and history as a learning process—past and present are inputs into thinking about what is coming. It is that appetite for a vision of the future that led the authors of 'The Day after Tomorrow: A Handbook on the Future of Economic Policy in the Developing World' to invite some 40 development economists, most of them from the World Bank’s Poverty Reduction and Economic Management Network—an epicenter of the profession—to report what they see on the horizon of their technical disciplines and of their geographic areas of specialization.The disconcerting but exciting search for a new intellectual compact has begun. To help guide the discussion, 'The Day after Tomorrow: A Handbook on the Future of Economic Policy in the Developing World' puts forth four key messages: • While the developed world gets its house in order, and macroeconomics and finance achieve a new consensus, developing countries will become a (perhaps the) growth engine for the world. Faster technological learning and more South-South integration will fuel that engine. • Governments in developing countries will be better—they may even begin to earn the trust of their people. • A new, smarter generation of social policy will bring the end of poverty within reach, but the attainment of equality is another matter. • Many regions of the developing world will break out of their “developing” status and will graduate into something akin to “newly developed.” Africa will eventually join that group. Others, like Eastern Europe, have a legacy of problems to address before such a transition.While some regions will do better than others, and some technical areas will be clearer than others, there is no question that the horizon of economic policy for developing countries is promising—risky, yes, but promising. The rebalancing of global growth toward, at the very least, a multiplicity of engines, will give the developing world a new relevance.