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This book is presented in the spirit of continuous inquiry and feedback in framing development thinking. It reaffirms the crucial contribution of market-friendly policies. It also highlights key missing ingredients and fresh evidence. Not a complete review of development, the report examines vital issues often overlooked as a basis for action: the distribution of opportunities, especially education; environmental sustainability; management of risks; and governance and anticorruption. It does not address such important factors as the political economy of change, the influence of social instability, the consequences of communicable diseases such as HIV/AIDS, or the impact of cross-border and global issues-population pressures, labor migration, global warming, information technology, and the global financial and business architecture. It concludes that growth is crucial, and so is the quality of growth. This report revisits the development experiences of recent decades, especially the 90s, and offers a set of actions for enhancing the quality of growth processes. Rather than calling for more government intervention, the evidence in this report calls for greater voice and participation by the private sector, nongovernmental organizations, and civil society. The resulting reallocation of priorities will refine the contribution of the qualitative aspects of the growth process and focus the spotlight on what development truly means.

Publisher: World Bank

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