Growth Commission Explained

The Commission on Growth and Development (informally known as the Growth Commission) was an independent body set up by the World Bank chaired by American economist Michael Spence that brought together 22 policy-makers, academics, and business leaders to examine various aspects of economic growth and development.^[1]

Launched in 2006, the Commission set out to take stock of the state of theoretical and empirical knowledge on economic growth with a view to drawing implications for policy for the current and future policymakers.^[2] Its work culminated in two publications – The Growth Report: Strategies for Sustained growth and Inclusive Development in May 2008^[3] – and Post-Crisis Growth in Developing Countries : A Special Report of the Commission on Growth and Development on the Implications of the 2008 Financial Crisis in October 2009.^[4] Five thematic volumes and nearly 70 working papers were also published by the Commission.The Growth Commission’s work was sponsored by the governments of Australia, the Netherlands, the United Kingdom, and Sweden, the William and Flora Hewlett Foundation, and the World Bank Group. The group's activities formally ended in June 2010.

Commissioners

• Montek Ahluwalia (India), Minister of Planning
• Edmar Bacha (Brazil), Board member of Banco Itau, former President of the National Bank for Economic and Social Development
• Dr. Boediono (Indonesia), Coordinating Minister for Economic Affairs
• Lord John Browne (Great Britain), Former CEO, British Petroleum
• Kemal Dervis (Turkey), Administrator of the United Nations Development Programme, former Minister of Finance of Turkey
• Alejandro Foxley, (Chile), Minister of Foreign Affairs
• Han Duck-Soo (Korea), Chairman of the Presidential Committee on Facilitating KORUS FTA Finalization
• Goh Chok Tong (Singapore), Senior Minister and Chairman of the Monetary Authority of Singapore
• Danuta Huebner (Poland), Member of the European Commission
• Carin Jaemtin (Sweden), Former Minister for International Development Cooperation
• Pablo Kuczynski (Peru), Former Prime Minister
• Danny Leipziger (USA), World Bank, Vice President, PREM
• Trevor Manuel (South Africa), Minister of Finance
• Mahmoud Mohieldin (Egypt), Minister of Investment
• Ngozi N. Okonjo-Iweala (Nigeria), Managing Director, World Bank
• Robert Rubin (USA), Director, Chairman of the Executive Committee and Member of the Office of the Chairman of Citigroup, is the former Secretary of the US Treasury
• Robert Solow (USA), Professor Emeritus, Massachusetts Institute of Technology (MIT)
• Michael Spence (USA), Nobel Laureate, Chair of the Growth Commission, former Dean of Stanford Graduate Business School
• Sir K. Dwight Venner (Saint Kitts and Nevis, West Indies) Governor of the Eastern Caribbean Bank
• Hiroshi Watanabe (Japan), President and CEO of the Japan Bank for International Cooperation (JBIC)
• Ernesto Zedillo (Mexico), Director of the Yale Center Study of Globalization, former President of Mexico
• Zhou Xiaochuan (China), Governor of the People’s Bank of China

External links

• The Growth Commission Website (archived)

Notes and References

1. Web site: Commission On Growth And Development Created By The World Bank. The World Bank. 20 April 2006. 25 August 2014. https://web.archive.org/web/20121009130345/http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:20895414~menuPK:34463~pagePK:34370~piPK:34424~theSitePK:4607,00.html. 9 October 2012.
2. News: No more laundry lists. Dani Rodrik. Dani Rodrik. The Guardian. 10 July 2008. 25 August 2014.
3. http://hdl.handle.net/10986/6507 The Growth Report: Strategies for Sustained growth and Inclusive Development
4. http://hdl.handle.net/10986/13546 Post-Crisis Growth in Developing Countries : A Special Report of the Commission on Growth and Development on the Implications of the 2008 Financial Crisis