Postcrisis Growth and Development : A Development Agenda for the G-20

This volume consists of papers presented at the Korea-World Bank High Level Conference on Post-Crisis Growth and Development.The volume is organized as follows. In chapters one and two, II SaKong, chairman of the Presidential Committee for the Group of Twenty (G-20) Seoul Summit, and Ngozi Okonjo-Iweala, managing director of the World Bank, provide convincing arguments on the importance of integrating development into the G-20 agenda, the need to give voice to non-G-20 developing countries, and the key role Korea can play as a bridge between developed and developing countries. Chapters' three to six cover broad development themes. Justin Yifu Lin's paper (chapter three) examines the emergence of multipolar growth in the postcrisis period and the reforms needed to support regional spillovers; Zia Qureshi's paper (chapter four) argues for including development issues in the G-20 growth framework and mutual assessment process and therefore more systematically into G-20 policy discussions; Wonhyuk Lim (chapter five) provides an in-depth analysis of Korea's development experience that illustrates how a low-income country can transform itself into an advanced economy; and the papers by Delfin Go and Hans Timmer and by Jomo Kwame Sundaram (chapter six) provide differing but complementary views on the impact of the global crisis on achieving the Millennium Development Goals (MDGs) by 2015 and what it will take to regain momentum toward their completion. Chapters' seven to ten review specific sectoral policies and actions needed to achieve strong, sustainable, and balanced growth. Chapter seven by Bernard Hoekman and John Wilson discusses aid for trade and recommitting to the Doha agenda; chapter eight by Marianne Fay, Michael Toman, and co-authors looks at infrastructure and sustainable development; chapter nine by Christopher Delgado and co-authors argues for multilateral action on agriculture and food security. Finally, chapter ten by Peer Stein, Bikki Randhawa, and Nina Bilandzic advances inclusive finance as a topic for the G-20 agenda. The volume concludes with a matrix of policy actions summarizing the main action points presented in the sectoral papers (appendix A) and data tables of selected economic and social indicators for both G-20 and non-G-20 countries (appendix B).