Generating, sharing, and applying to policy multidisciplinary knowledge for the purpose of development
1 January 2000
Duration: 5 years
Launched in 2000, this project aimed to explain the growth experiences of six regions in the developing and transition world - East Asia, South Asia, Latin America and the Caribbean, Eastern Europe and the former Soviet Union, Middle East and North Africa, and Sub-Saharan Africa.» Concept Note
Involving over 200 researchers, 'Explaining Growth' is the most comprehensive assessment of growth in the developing and transition countries ever to be compiled. Researchers examined the complex nature of growth: its stimulants, constraints, benefits and pitfalls. They moved away from seeing economic growth as the ultimate measure of wellbeing towards a view that growth provides the opportunity to use resources well. There exist many paths towards growth - some leading to dead-ends while others to sustainable prosperity for all.
Phase I of the project involved the preparation of thematic papers which focused on the sources of growth, growth and markets, microeconomic determinants of growth, and the political economy of growth. The thematic papers give general overviews of the character of growth in each region. These reviews, by framing the circumstances and important issues surrounding growth, will inform the second phase of the exercise. In this stage, the project turned from broad themes to in-depth analysis of growth in about 70 countries worldwide.
Key support for this research project comes from The World Bank and International Economic Association.
An independent evaluation has been undertaken of this Global Research Project. The report presents the main findings of the evaluation and the lessons learned.
The high quality of research generated through the "Explaining Growth" project resulted in many publications which have become an excellent source of information on growth: