Monday, June 28, 2010
[IWS] World Bank: G20 AND GLOBAL DEVELOPMENT [24 June 2010]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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World Bank
G20 AND GLOBAL DEVELOPMENT [24 June 2010]
Report prepared by Staff of the World Bank for
G20 Growth Framework and Mutual Assessment Process
http://siteresources.worldbank.org/DEC/Resources/G20Framework&MAP-WBReport-TorontoSummit-2.pdf
[full-text, 26 pages]
[excerpts]
Executive Summary
As requested by G20 Leaders, this report assesses the outlook for developing countries and highlights policy areas for consideration by the G20 to enhance the collective impact of G20 policies on development and poverty reduction as part of the G20 Growth Framework and Mutual Assessment Process (MAP). Key inputs into this report include the G20 submissions, the base case and alternative scenarios for the G20 developed by the IMF, the World Bank‘s own data and analysis, and inputs from other international organizations, such as the OECD and WTO. The report‘s analysis serves as one of the inputs under the MAP to help G20 policymakers identify policy options over the course of 2010.
The main findings and messages of the Bank report can be framed under four themes.
Centrality of Global Growth to Development
Multipolarity: A Dynamic Force in Global Growth and Rebalancing
Financing for Development: Challenging Outlook Demands Creativity
Open Trade: Engine of Growth and Facilitator of Rebalancing
Table of Contents
Executive Summary .................................................................................................................................. i
Introduction .............................................................................................................................................. 1
Four Key Themes ..................................................................................................................................... 1
Theme I: Centrality of Global Growth to Development ........................................................................... 2
Theme II: Multipolarity – A Dynamic Force in Global Growth and Rebalancing ................................... 9
Theme III: Financing for Development – Challenging Outlook Demands Creativity ............................ 12
Theme IV: Open Trade – Engine of Growth and Facilitator of Rebalancing ......................................... 17
Press Release 24 June 2010
G20 Should Support a Pro-Growth Agenda for Developing Countries-- World Bank
Developing countries increasingly important drivers for global economy
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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