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World Development Report 2003: Sustainable Development in a Dynamic World
Average reader rating: 0  
by The World Bank Group 02 the future of Global Economy

The next 50 years could see a fourfold increase in the size of the global economy and significant reductions in poverty but only if governments act now to avert a growing risk of severe damage to the environment and profound social unrest. Without better policies and institutions, social and environmental strains may derail development progress, leading to higher poverty levels and a decline in the quality of life for everybody.

Misguided policies and weak governance in past decades have contributed to environmental disasters, income inequality, and social upheaval in some countries, often resulting in deep deprivation, riots, or refugees fleeing famine or civil wars.

Today, many poor people depend on fragile natural resources to survive. Similarly, trust between individuals, which can be eroded or destroyed by civic unrest, is a social asset with important economic benefits, since it enables people to make agreements and undertake transactions that would otherwise not be possible. Development polices need to be more sharply focused on protecting these natural and social assets.

These are among the key findings of the World Development Report 2003. The report suggests new alliances are needed at the local, national and global levels to better address these problems. The report is now available on-line in a new form that includes a dynamic table-of-contents, improved search capability, and extensive links to supporting documents.


The full report is available, please click here




Visit also the past conference about 'the future of Global Economy' and the sections with articles, books and links.






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