Annual World Bank Conference on Development Economics 2010, Global: Lessons from East Asia and the Global Financial Crisis

by Justin Yifu Lin, Boris Pleskovic

Overview

The Annual World Bank Conference on Development Economics (ABCDE) is one of_x000D_ the world’s best-known series of conferences for the presentation and discussion of_x000D_ new knowledge on development. The conference provides a forum for the world’s_x000D_ leading development thinkers to share new knowledge and ideas. 'Lessons from East Asia_x000D_ and the Global Financial Crisis' was the theme of the ABCDE held in Seoul, Republic of_x000D_ Korea, on June 22–24, 2009. The conference was co-organized by the Government of the_x000D_ Republic of Korea, the Korea Development Institute (KDI), and the World Bank.

Product Details

ISBN-13:	9780821384022
Publisher:	World Bank Publications
Publication date:	05/17/2011
Sold by:	Barnes & Noble
Format:	eBook
File size:	4 MB

Table of Contents

About This Book ix

Introduction Justin Yifu Lin Boris Pleskovic 1

Opening Address Jeung-Hyun Yoon 15

Opening Address: Learning from the Past to Reinvent the Future Justin Yifu Lin 19

Keynote Address: The Global Financial Crisis: Causes and Policy Responses Il Sakong 31

Keynote Address: Development Prospects in Light of the Global Financial Crisis Anne O. Krueger 37

Keynote Address: The Global Crisis: Is It Over Yet? Simon Johnson 47

Industrial Policy and Development

Industrial Policy and Development: A Political Economy Perspective James A. Robinson 61

Comment Bert Hofman 80

Industrial Policy: Can We Go Beyond an Unproductive Confrontation? Ha-Joon Chang 83

Comment Karen R. Polenske 110

Social Capital, Institutions, and Development

A Matter of Trust: Social Capital and Economic Development Partha Dasgupta 119

"Individual" Social Capital, "Social" Networks, and Their Linkages to Economic Game Masahiko Aoki 157

Comment Mariano Tommasi 174

Financial Crisis and Regulation

Reform of the Global Regulatory System: Perspectives of East Asia's Emerging Economies Yung Chul Park 187

Financial Crisis and the Paradox of Underregulation and Overregulation Joshua Aizenman 213

Comment Jong-Wha Lee 235

The Road Ahead to a Sustainable Global Economic System

Lessons from the Recent Financial Crisis for Reforming National and International Financial Systems: The Road Ahead to a Sustainable Global Economic System Stijn Claessens 241

Comment Yoon Je Cho 275

A Sustainable Global Economic System after the "Great Recession"? Some Lessons from History Giovanni Zanalda 281

Comment Jeromin Zettelmeyer 301

Innovation and Competition

Innovation and Financial Globalization Philip R. Lane 309

Innovation, Competitiveness, and Growth: Korean Experiences Sungchul Chung 333

Comment Jean-Jacques Dethier 358

Closing Summary Alan Gelb Shahrokh Fardoust 367

Closing Remarks Young Geol Lee 373