Annual World Bank Conference on Development

The Annual World Bank Conference on Development Economics (ABCDE) brings together the world's leading scholars and development practitioners for a lively debate on state-of-the-art thinking in development policy and the implications for the global economy. The 17th conference was held in Dakar, Senegal, on January 27, 2005. The theme of the conference was growth and integration, which was divided into five topics: growth and integration, financial reforms, economic development, trade and development, and investment climate.

About This Book

vii

Introduction and Summary

1

(8)

Francois Bourguignon

Boris Pleskovic

Welcome Address Africa's Growth Challenge in a Globalized World, His Excellency Abdoulaye Wade

9

(8)

Opening Address Equity and Growth in Africa

17

(8)

Francois Bourguignon

Keynote Address The Importance of Research for Economic Policy: The Case of Senegal

25

(6)

Abdoulaye Diop

Growth and Integration

Explaining African Economic Growth: The Role of Anti-Growth Syndromes

31

(50)

Augustin Kwasi Fosu

Stephen A. O'Connell

Comments

67

(4)

Jean-Paul Azam

Abdoulaye Diagne

71

(6)

Jean-Paul Azam

77

(4)

Financial Reforms

Financial Sector Reforms in Africa: Perspectives on Issues and Policies

81

(46)

Lemma W. Senbet

Isaac Otchere

Comment

121

(6)

Mthuli Ncube

Economic Development

Convergence and Development Traps: How Did Emerging Economies Escape the Underdevelopment Trap?

127

(36)

Jean-Claude Berthelemy

comment

157

(6)

Mthuli Ncube

Trade and Development

Risks and Rewards of Regional Trading Arrangements in Africa: Economic Partnership Agreements between the European Union and Sub-Saharan Africa

163

(32)

Lawrence E. Hinkle

Richard S. Newfarmer

comment

189

(6)

Leonce Ndikumana

Investment Climate

Business Environment and Comparative Advantage in Africa: Evidence from the Investment Climate Data

195

(40)

Benn Eifert

Alan Gelb

Vijaya Ramachandran

comment

235

Leonce Ndikumana

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Annual World Bank Conference on Development Economics 2006

Summary

Table of Contents

Supplemental Materials