On July 9 and 10, the World Bank and the Center for Global Development will co-host the Annual Bank Conference on Development Economics (ABCDE). On the first day, the conference will aim to bring coherence to development policy debates by bringing together the world’s top economic minds to focus on four interrelated questions: 1) how can climate finance be increased, without deprioritizing other key development issues? 2) How should the world respond to the global debt crisis and promote future economic growth? 3) What are the implications of recent shifts in industrial policy for the future growth pathways of the Global South, and how can countries adapt? 4) how can private capital be mobilized for these issues and others?
Governments cannot tackle the growth and resilience challenge on their own. The expectation that it can generate sustained growth and resilience without the private sector is both unreasonable and unrealistic.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001 was awarded jointly to George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz "for their analyses of markets with asymmetric information"