Saturday, February 19, 2011

Democratizing Development Economics


Robert B. Zoellick
President
The World Bank Group

I. Introduction: From hubris to humility

George Bernard Shaw once famously said: “If all economists were laid end to end, they would not reach a conclusion.”

Considering the causes and course of the worst global economic crisis since the Great Depression, it is fair to ask: Were too few conclusions at fault? Or too much certainty?

Today, I will attempt to persuade you that economics, and in particular development economics, must broaden the scope of the questions it asks – thereby also becoming more relevant to today’s challenges. It must help policymakers facing complex, multi-faceted problems.

See full Speech.