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The Commission on Growth and Development reveals The Holy Secret of Economic Growth. Hold your breath, what it says are -
1) With the right policies, economic growth is within reach of developing countries.
2) Credible leaders and A commitment to the Global Economy
If above can be maintained result is - Developing countries with can achieve fast, sustained and equitable growth.
The Commission on Growth and Development is a group of independent policymakers and economists.
The World Bank established an independent high-level Commission on Growth and Development on 20th April 2006. The other involved in creating the CGD were UK Government, Dutch Government and William and Flora Hewlett Foundation. The commission members are from government, business and the policy-makers. World Bank President Paul Wolfowitz specially auppported GCD making. The Chair and Vice Chair are Nobel laureate Michael Spence, former Dean of the Stanford Graduate Business School and Danny Leipziger, World Bank Vice President for Poverty Reduction and Economic Management. The task of GCD is establishing strong understanding of economic growth for development and poverty reduction in a period of 2 years.
The most noatable thing about GCD is it's independent status and the report will be views of members. So the Secret Mana for Life Saving is revealed now.
The video contains
Danny Leipziger, World Bank Group, "The Growth Report" vice chair tells about growth essential for poverty reduction.
Goh Chok Tong, senior cabinet minister, Singapore, "The Growth Report" commissioner tells about the private sector fostering growth.
Trevor Manuel, minister of finance, South Africa, "The Growth Report" commissioner tells governments crucial role in growth.
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