Since 1978, the World Bank's annual World Development
Report (WDR) has provided in-depth analysis and policy
recommendations on a specific and important aspect of international
development from agriculture, the role of the state, economic growth,
and labor to infrastructure, health, the environment, and poverty. In
the process, it has become a highly influential publication that is
consulted by international organizations, national governments,
scholars, and civil society networks to inform their decision-making
processes.
In this essay, Shahid Yusuf examines the last 30 years of
development economics, viewed through the WDRs. The essay begins with a
brief background on the circumstances of newly independent developing
countries and summarizes some of the main strands of the emerging field
of development economics. It then provides a sweeping examination of
the coverage of the WDRs, reflecting on the key development themes
synthesized by these reports and assessing how the research they
present has contributed to policy making and development thought. The
book then looks ahead and points to some of the big challenges that the
World Bank may explore through future WDRs. The essay is followed by
five commentaries, each written by a distinguished economist or
development practitioner, which further explore this terrain from
different perspectives.
Together, the contents of this volume provide an extraordinary and
remarkably compact tour of development economics through, around, and
beyond the WDR. It will be invaluable to anyone interested in the
evolution of development economics over the past three decades as well
as for students, scholars, and policy makers in the field of
development.
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