A Strategy for Development

'A Strategy for Development provides a thoughtful yet readily accessible overview of current thinking on key development issues. It adds up to a very fine book.' — Albert O. Hirschman, Prof. Emeritus, School of Social Science, Institute for Advanced Study, Princeton NJ 'This book offers fresh evidence and clear arguments for an approach to poverty reduction that brings together two ideas sometimes incorrectly thought to be at odds: empowering poor people and creating an economic climate that facilitates investment and growth.' — Joseph E. Stiglitz, 2001 Nobel Laureate in Economics, Prof., Dept. of Economics, Columbia University, Former Chief Economist and Senior VP Development Economics, World Bank The speeches in this collection-all delivered since Nicholas Stern became Chief Economist of the World Bank in July 2000-reflect insights that Mr. Stern has gained over more than three decades of study and work in development economics. Together they provide an analysis of development experience and an agenda for action in the coming years. Annotation. [[This is the printed version of this book. For the PDF version, see recommended products below.]] A Strategy for Development provides a thoughtful yet readily accessible overview of current thinking on key development issues. It adds up to a very fine book. Albert O. Hirschman, Prof. Emeritus, School of Social Science, Institute for Advanced Study, Princeton NJ This book offers fresh evidence and clear arguments for an approach to poverty reduction that brings together two ideas sometimes incorrectly thought to be at odds: empowering poor people and creating an economic climate that facilitates investment and growth. Joseph E. Stiglitz, 2001 Nobel Laureate in Economics Prof., Dept. Of Economics, Columbia University Former Chief Economist and Senior VP, Development Economics, World Bank the speeches in this collection-all delivered since Nicholas Stern became Chief Economist of the World Bank in July 2000-reflect insights that Mr. Stern has gained over more than three decades of study and work in development economics. Together they provide an analysis of development experience and an agenda for action in the coming years. In his introduction, the author explains the evolution of his ideas, starting with early work in Africa and India, within the larger context of changes in development thinking and strategy. The speeches that follow draw on his varied experience and on the research findings and operational experience of the World Bank. The first speech provides an overview of the past five decades of development. Speeches that follow explore current development issues in India, Indonesia, Pakistan, and China. A strategy for development is then outlined: building an economic climate that facilitates investment and growth, and empowering poor people to participate in that growth. A concluding speech examines the role of the international financial institutions in promoting investment and overcoming poverty