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In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
This half-day CGD conference brought together leading thinkers and policy makers from developing and donor countries for detailed discussion on the future of the World Bank. The goal of the conference was to generate discussion about and help put critical reforms of the Bank on the agenda at the Bank itself and in the larger development community.
The conference opened with a high-level panel discussion chaired by CGD president, Nancy Birdsallon key tasks for the World Bank. Panelists included Kemal Dervis, Administrator, UNDP; Jessica Einhorn, Dean, School of Advanced International Studies, Johns Hopkins University; Ngozi Okonjo-Iweala, former Minister of Finance, Nigeria and current Distinguished Visiting Fellow, Brookings Institution and Ngaire Woods, Director, Global Economic Governance Program, Oxford University.
The opening panel was followed by technical sessions on specific issues such as the role of the Bank in low-income countries; governance of the Bank and the appropriate Bank mandate for global public goods. Featured speakers and discussants included Francois Bourguignon, Director, Paris School of Economics, Dennis de Tray, Vice President, Center for Global Development; Pierre Jacquet, Chief Economist, Agence Française de Développement; Domenico Lombardi, President, The Oxford Institute for Economic Policy, Oxford; Lawrence MacDonald, Director of Communications and Policy, Center for Global Development; Trevor Manuel, Minister of Finance, South Africa; Steve Radelet, Senior Fellow, Center for Global Development and Arvind Subramanian, Joint Senior Fellow, Center for Global Development and Peterson Institute for International Economics.
World Bank president Robert Zoellick delivered closing remarks and took questions from the audience.
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.
On the sidelines of the World Bank and IMF Spring Meetings 2019, the Center for Global Development (CGD) and the Bretton Woods Committee (BWC) will co-host this expert panel to discuss the future of the World Bank under its new president, David Malpass. What should top his agenda? What are the most important and urgent issues in the development landscape and what is the role of the World Bank in addressing these challenges? Join us to hear from this panel of global thought leaders offering recommendations for the future of the multilateral system.