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The World Bank Annual Report 2002 : Development Effectiveness

By The World Bank

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Book Id: WPLBN0000189434
Format Type: PDF eBook
File Size: 0.8 MB
Reproduction Date: 2005
Full Text

Title: The World Bank Annual Report 2002 : Development Effectiveness  
Author: The World Bank
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

Description
Economics

Excerpt
The second half of the 20th century was a period of unprecedented progress in living standards at the global level. Better technology, policies, and institutions not only spurred rapid growth in the advanced economies?they also made possible substantial improvements in the lives of poor people throughout much of the developing world. In this context, many countries have made great strides in development, but others are still mired in war, epidemic disease, or communal and political collapse. In 2002 the World Bank published The Role and Effectiveness of Development Assistance: Lessons from World Bank Experience, which examined the development community?s experience over the past 50 years. This study, prepared as a contribution to the March 2002 Financing for Development Conference in Monterrey, found that where countries have developed rapidly, the most important factors have been the policies, institutions, and governance of the countries themselves. Development assistance cannot substitute for domestic commitment, but where aid has supported countries committed to development, it has contributed markedly to development progress. This development progress can be summarized in some remarkable transformations. In the past four decades life expectancy in developing countries has increased by an unprecedented 20 years. In just the past three decades, adult illiteracy in the developing world has been cut almost in half, from 47 to 25 percent. And in the past two decades the number of people living in abject poverty (defined as living on less than $1 a day) has finally begun to fall, by perhaps 200 million people?after rising through most of the 19th and 20th centuries. (Figure 3.1 shows the proportion of people living on less than $1 and $2 a day, by region.)...

 

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