Description
The World Development Report 2003 addresses how to lift from poverty the three billion people now living in severe deprivation. It also explores how to improve the quality of life for everybody today and for the two billion more who will join mankind in the next thirty years. Substantialincreases in growth and productivity will be necessary to achieve this goal. The current scale of economic activity and speed of change is such that ecosystem and social structures cannot keep up. The Report puts forth two main messages: the first point is that enhancing prosperity and reducingpoverty requires better care of the planet's ecosystem and social fabric. And secondly, that stronger collective action at all levels--from local to global--is essential for generating and scaling up the institutions that can transform growth.
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Three billion people will be added to the world's population over the next 50 years and 2.8 billion people today already live on less than $2 a day--almost all in developing countries. Ensuring these people have access to productive work and a better quality of life is the core development challenge of the first half of this century. Growth could itself be jeopardized over the longer term, unless a transformation of society and the management of the environment are addressed integrally with economic growth.Now in its 25th edition, this year's 'World Development Report' examines, over a 50 year period, the relationship between competing policy objectives of reducing poverty, maintaining growth, improving social cohesion, and protecting the environment. The 'World Development Report 2003' emphasizes that many good policies have been identified but not implemented due to distributional issues and barriers to developing better institutions. The Report reviews institutional innovations that might help overcome these barriers and stresses that ensuring economic growth and improved management of the planet's ecosystem requires a reduction in poverty and inequality at all levels: local, national, and international.As in previous editions, the 'World Development Report 2003' contains an appendix of selected indicators from the 'World Development Indicators'.
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