by: World Bank
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This year's Word Development Report, the twenty-eighth,
looks at the role of equity in the development process. It defines
equity in terms of two basic principles. The first is equal
opportunities: that a person's chances in life should be determined
by his or her talents and efforts, rather than by pre-determined
circumstances such as race, gender, social or family background. The
second principle is the avoidance of extreme deprivation in outcomes,
particularly in health, education and consumption levels. This
principle thus includes the objective of poverty reduction.
The report's main message is that, in the long run, the pursuit
of equity and the pursuit of economic prosperity are complementary.
In addition to detailed chapters exploring these and related issues,
the Report contains selected data from the World Development
Indicators 2005—an appendix of economic and social data for
over 200 countries.
This Report offers practical insights for policymakers, executives,
scholars, and all those with an interest in economic development.
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