This report brings together the views of a Commission of 19 leaders, mostly from developing countries, and 2 academics, Bob Solow and me. The leaders carry with them decades of accumulated experience in the challenging work of making policies that infl uence millions of people’s lives: their job prospects, their health, their education, their access to basic amenities, such as water, public transportation, and light in their homes; the quality of their day-to-day lives; as well as the lives and opportunities enjoyed by their children. They have wrestled with the complexity of all the basic ingredients of growth strategies: budget allocations, taxes, exchange rates, trade and industrial policies, regulations, privatizations, and monetary policies, to name just a few. Sometimes these choices seem remote from people’s day to-day lives. But they have a tremendous impact. It has been an honor for me to serve with them and also a breathtaking, high-speed learning process. I hope we are successful in sharing their insights, and those of a dedicated development and policy community of academics and practitioners, through this report and prominently through the papers, workshops, and case studies that go along with it. The number of people living in high-growth environments or in countries with OECD per capita income levels has increased in the past 30 years by a factor of four, from 1 billion to about 4 billion. Growth has accelerated in the global economy and in an even wider set of developing countries. There is, perhaps for the fi rst time in history, a reasonable chance of transforming the quality of life and creative opportunities for the vast majority of humanity. This report is an attempt to increase the likelihood that the hope
becomes a reality.
Sustained, High Growth in the Postwar Period
The Policy Ingredients of Growth Strategies
Growth Challenges in Specific Country Contexts
New Global Trends
Statistical Appendix: The World Economy and Developing Countries since WWII