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Frontiers in Development Policy : A Primer on Emerging Issues

Author

Listed:
  • Raj Nallari
  • Shahid Yusuf
  • Breda Griffith
  • Rwitwika Bhattacharya

Abstract

The book has been divided into five parts. Part one focuses on clarifying the basic concepts (that is, what are the appropriate goals of economic policy?), the challenges of low- and middle-income developing countries, and suggested frameworks for analysis. Part two moves from the macroeconomic to the microeconomic; it focuses on the private sector as the engine for growth and is balanced with 'softer' issues of the need for trust, accountability, and corporate social responsibility. Part three examines the growing consensus on the need to balance the public and private sectors' roles in the structural transformation of an economy. The discussion centers on newer thinking on industrial policy and public private partnerships in infrastructure. Part four focuses on human development policies in emerging topics, such as investment in early childhood development, health and nutrition, and quality of education. The discussion recognizes the roles of the state and the private sector. Finally, part five is dedicated to issues of global shocks and risks (including climate change and financial crisis), as well as systems and institutions that need to be in place to manage such risks, and the new thinking on social protection and insurance to mitigate adverse shocks.

Suggested Citation

  • Raj Nallari & Shahid Yusuf & Breda Griffith & Rwitwika Bhattacharya, 2011. "Frontiers in Development Policy : A Primer on Emerging Issues," World Bank Publications - Books, The World Bank Group, number 2350.
  • Handle: RePEc:wbk:wbpubs:2350
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2350/644420PUB0Fron00ID0187850BOX361537B.pdf?sequence=1
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    Citations

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    Cited by:

    1. Fredrik Sjöholm & Nannan Lundin, 2013. "Foreign Firms and Indigenous Technology Development in the People's Republic of China," Asian Development Review, MIT Press, vol. 30(2), pages 49-75, September.
    2. Tomkins Alan J., 2012. "Combating Food Shortages in Least Developed Countries: Current Development Assistance Approaches," The Law and Development Review, De Gruyter, vol. 5(2), pages 27-55, December.
    3. Linxiu Zhang & Hongmei Yi & Renfu Luo & Changfang Liu & Scott Rozelle, 2013. "The human capital roots of the middle income trap: the case of China," Agricultural Economics, International Association of Agricultural Economists, vol. 44(s1), pages 151-162, November.
    4. Keun Lee, 2013. "Capability Failure and Industrial Policy to Move beyond the Middle-Income Trap: From Trade-based to Technology-based Specialization," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, chapter 4, pages 244-272, Palgrave Macmillan.
    5. Bozena Leven, 2021. "Middle-Income Trap - Threat or Reality," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 15(3), September.
    6. Dariusz Kotlewski & Mirosław Błażej, 2022. "Evidence for Middle‐Income Trap Non‐occurrence in the Light of KLEMS Growth Accounting for Poland," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(S1), pages 22-51, April.

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