Growth and Empowerment: Making Development Happen

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Overview

Despite significant gains in promoting economic growth and living conditions (or "human progress") globally over the last twenty-five years, much of the developing world remains plagued by poverty and its attendant problems,
including high rates of child mortality, illiteracy, environmental degradation, and war. In Growth and Empowerment, Nicholas Stern, Jean-Jacques Dethier, and F. Halsey
Rogers propose a new strategy for development. Drawing on many years of work in development economics -- in academia, in the field, and at international institutions such as the World Bank -- the authors base their strategy on two interrelated approaches: building a climate that encourages investment and growth and at the same time empowering poor people to participate in that growth. This plan differs from other models for development, including the dogmatic approach of market fundamentalism popular in the 1980s and 1990s. Stern, Dethier, and Rogers see economic development as a dynamic process of continuous change in which entrepreneurship, innovation, flexibility, and mobility are crucial components and the idea of empowerment, as both a goal and a driver of development, is central. The book points to the unique opportunity today -- after 50 years of successes and failures, and with a growing body of analytical work to draw on -- to pursue new development strategies in both research and action.

The MIT Press

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What People Are Saying

From the Publisher

"Nick Stern and his coauthors tackle the fundamental problem of the twenty-first century: how to extend the benefits of modern technology and globalization to the developing world in a fair, balanced, and sustainable way. A
remarkable synthesis of contemporary thinking on development and poverty reduction."
Kenneth S. Rogoff, Thomas D. Cabot Professor of Public Policy, Department of
Economics, Harvard University

The MIT Press

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Product Details

  • ISBN-13: 9780262693462
  • Publisher: MIT Press
  • Publication date: 9/1/2006
  • Series: Munich Lectures in Economics
  • Edition description: New Edition
  • Pages: 488
  • Product dimensions: 6.00 (w) x 9.00 (h) x 1.00 (d)

Meet the Author

Lord Stern is I. G. Patel Professor of Economics and Government at the London
School of Economics, President of the British Academy, Chair of the Grantham
Research Institute on Climate Change, and former Chief Economist at the World Bank.
He was the lead author of the influential Stern Review on the Economics of
Climate Change
, the findings of which he adapted in his book for general readers, The Global Deal: Climate Change and the Creation of a New Era of
Progress and Prosperity
(also known as A Blueprint for a Safer
Planet
).

F. Halsey Rogers is Senior Economist in the Development Research Group at the
World Bank.

Jean-Jacques Dethier is Lead Economist in the Office of the Senior Vice President and Chief Economist at the World Bank and Adjunct Professor at Georgetown
University.

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Table of Contents

1 Living standards and poverty 3
2 Development as a process of change 33
3 Lessons of development policy 83
4 Lessons from development theory 109
5 A strategy for development 127
6 Data and measurement as drivers of change 167
7 The dynamics of the investment climate 199
8 The dynamics of empowerment 225
9 The dynamics of preferences 243
10 The dynamics of political reform 267
11 The challenge 287
12 Domestic action : public finances and the role of the state 315
13 International action : trade and aid 357
Conclusion : a strategy to guide policy, a program for learning, and a plan for action 387
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