The Growth Blog is a forum intended for policy makers, academics, students, and other interested citizens to engage current practitioners on policies and issues critical to development. This platform was inspired by the series of meetings that the Commission on Growth and Development held around the world during the development of its report.
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Abstract: 'Despite an abundance of cross‐section, panel, and event studies, there is strikingly little convincing documentation of direct positive impacts of financial opening on the economic welfare levels or growth rates of developing countries. The econometric difficulties are similar to those that bedevil the literature on trade openness and growth, though if anything, they are more severe in the context of international finance. There is also little systematic evidence that financial open more...
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The Special Safeguard Mechanism for developing countries is one of the key issues in the current World Trade Organization (WTO) negotiations on agriculture. The SSM is intended as a Special and Differential Treatment trade measure to safeguard the agricultural sectors in developing countries from the potentially destabilizing effects of import surges and price depressions.
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'Russia possesses a sophisticated science and technology (S&T) sector. Yet despite this basic research capacity, Russia's exports are primarily raw materials. This publication describes the ambiguous legacy of the Soviet S&T system and the status of the Russian S&T sector after 10 years of transition. It also touches on the evolution of the Russian system of intellectual property rights protection from Soviet times to the present. In addition, the book offers an overview of international experie more...
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The Knowledge Economy Project has been selected by the European Commission as one of the five medal winners of the e-Inclusion Awards 2008 (http://ec.europa.eu/einclusion) in the Geographic Inclusion category that recognizes contributions for overcoming the disadvantages of living in remote areas and bringing together communities of interest over a very large region.(http://www.e-inclusionawards.eu)Source(s): The World Bank
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'The social discount rate measures the rate at which a society would be willing to trade present for future consumption. As such it is one of the most critical inputs needed for cost-benefit analysis. This paper presents estimates of the social discount rates for nine Latin American countries. It is argued that if the recent track record in terms of growth in the region is indicative of future performance, estimates of the social discount rate would be in the 3-4 percent range. However, to the e more...
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'The debate over the curse of natural resources has haunted developing countries for decades if not centuries. A review of existing empirical evidence suggests that the curse remains elusive. The fragile negative effect of natural resources on economic growth might be due to international heterogeneity in the effects of natural resources on economic growth, to the use of weak indicators of natural resources that might be unrelated to relative natural-resource endowments, or to the inability of e more...
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