Growth and Empowerment
Making Development Happen
488 pp., 6 x 9 in, 16 illus.
- Published: August 11, 2006
- Published: March 4, 2005
Despite significant gains in promoting economic growth and living conditions (or "human progress") globally over the last twenty-five years, much of the developing world remains plagued by poverty and its attendant problems, including high rates of child mortality, illiteracy, environmental degradation, and war. In Growth and Empowerment, Nicholas Stern, Jean-Jacques Dethier, and F. Halsey Rogers propose a new strategy for development. Drawing on many years of work in development economics—in academia, in the field, and at international institutions such as the World Bank—the authors base their strategy on two interrelated approaches: building a climate that encourages investment and growth and at the same time empowering poor people to participate in that growth. This plan differs from other models for development, including the dogmatic approach of market fundamentalism popular in the 1980s and 1990s. Stern, Dethier, and Rogers see economic development as a dynamic process of continuous change in which entrepreneurship, innovation, flexibility, and mobility are crucial components and the idea of empowerment, as both a goal and a driver of development, is central. The book points to the unique opportunity today—after 50 years of successes and failures, and with a growing body of analytical work to draw on—to pursue new development strategies in both research and action.
Nick Stern and his coauthors tackle the fundamental problem of the twenty-first century: how to extend the benefits of modern technology and globalization to the developing world in a fair, balanced, and sustainable way. A remarkable synthesis of contemporary thinking on development and poverty reduction.
Kenneth S. Rogoff, Thomas D. Cabot Professor of Public Policy, Department of Economics, Harvard University
This book summarizes and extends a major revision of thinking on development. It affirms that although building a strong foundation for economic growth is essential growth is not an end in itself. As the authors show convincingly what matters is how development empowers people–how it gives them the tools freedoms and even the aspirations necessary to shape their own lives.
Joseph E. Stiglitz, Professor of Economics and Finance, Columbia University, 2001 Nobel Laureate in Economics