Growth Commission
Encyclopedia
The Commission on Growth and Development (informally known as the Growth Commission) was an independent body chaired by Michael Spence that brought together 22 policy-makers, academics, and business leaders to examine various aspects of economic growth and development.
Launched in 2006, the Commission set out to take stock of the state of theoretical and empirical knowledge on economic growth with a view to drawing implications for policy for the current and next generation of policymakers.
The Commission’s work culminated in two publications – The Growth Report: Strategies for Sustained growth and Inclusive Development (May 2008) – and a Special Report on Post Crisis Growth in Developing Countries (October 2009). Five thematic volumes and nearly 70 working papers were also published by the Commission.
The Growth Commission’s work was sponsored by the governments of Australia, the Netherlands, the United Kingdom, and Sweden, the William and Flora Hewlett Foundation, and the World Bank Group. The Commission’s activities formally ended in June 2010.
(India), Minister of Planning
• Edmar Bacha (Brazil), Board member of Banco Itau, former President of the National Bank for Economic and Social Development
• Dr. Boediono
(Indonesia), Coordinating Minister for Economic Affairs
• Lord John Browne
(Great Britain), Former CEO, British Petroleum
• Kemal Dervis
(Turkey), Administrator of the United Nations Development Programme, former Minister of Finance of Turkey
• Alejandro Foxley
, (Chile), Minister of Foreign Affairs
• Han Duck-Soo (Korea), Chairman of the Presidential Committee on Facilitating KORUS FTA Finalization
• Goh Chok Tong
(Singapore), Senior Minister and Chairman of the Monetary Authority of Singapore
• Danuta Huebner (Poland), Member of the European Commission
• Carin Jaemtin (Sweden), Former Minister for International Development Cooperation
• Pablo Kuczynski
(Peru), Former Prime Minister
• Danny Leipziger (USA), World Bank, Vice President, PREM
• Trevor Manuel
(South Africa), Minister of Finance
• Mahmoud Mohieldin
(Egypt), Minister of Investment
• Ngozi N. Okonjo-Iweala
(Nigeria), Managing Director, World Bank
• Robert Rubin
(USA), Director, Chairman of the Executive Committee and Member of the Office of the Chairman of Citigroup, is the former Secretary of the US Treasury
• Robert Solow
(USA), Professor Emeritus, Massachusetts Institute of Technology (MIT)
• Michael Spence
(USA), Nobel Laureate, Chair of the Growth Commission, former Dean of Stanford Graduate Business School
• Sir K. Dwight Venner (Saint Kitts and Nevis, West Indies) Governor of the Eastern Caribbean Bank
• Hiroshi Watanabe (Japan), President and CEO of the Japan Bank for International Cooperation (JBIC)
• Ernesto Zedillo (Mexico), Director of the Yale Center Study of Globalization, former President of Mexico
• Zhou Xiaochuan
(China), Governor of the People’s Bank of China
Launched in 2006, the Commission set out to take stock of the state of theoretical and empirical knowledge on economic growth with a view to drawing implications for policy for the current and next generation of policymakers.
The Commission’s work culminated in two publications – The Growth Report: Strategies for Sustained growth and Inclusive Development (May 2008) – and a Special Report on Post Crisis Growth in Developing Countries (October 2009). Five thematic volumes and nearly 70 working papers were also published by the Commission.
The Growth Commission’s work was sponsored by the governments of Australia, the Netherlands, the United Kingdom, and Sweden, the William and Flora Hewlett Foundation, and the World Bank Group. The Commission’s activities formally ended in June 2010.
Commissioners
• Montek AhluwaliaMontek Singh Ahluwalia
Montek Singh Ahluwalia is an Indian economist and civil servant. He is currently the Deputy Chairman of the Planning Commission of the Republic of India. He was previously the first Director of the Independent Evaluation Office at the International Monetary Fund.-Early life and education:Montek...
(India), Minister of Planning
• Edmar Bacha (Brazil), Board member of Banco Itau, former President of the National Bank for Economic and Social Development
• Dr. Boediono
Boediono
Boediono is the Vice President of Indonesia, after winning the 2009 presidential election together with incumbent President Susilo Bambang Yudhoyono.-Education:Boediono received his early education in primary school in Blitar, East Java...
(Indonesia), Coordinating Minister for Economic Affairs
• Lord John Browne
John Browne, Baron Browne of Madingley
Edmund John Philip Browne, Baron Browne of Madingley, FRS FREng is President of the Royal Academy of Engineering and was group Chief Executive of BP until his resignation on 1 May 2007...
(Great Britain), Former CEO, British Petroleum
• Kemal Dervis
Kemal Dervis
Kemal Derviş is a Turkish economist and politician, and former head of the United Nations Development Programme. He was honored by the government of Japan for having "contributed to mainstreaming Japan's development assistance policy through the United Nations." In 2005, he was ranked 67th in the...
(Turkey), Administrator of the United Nations Development Programme, former Minister of Finance of Turkey
• Alejandro Foxley
Alejandro Foxley
Alejandro Tomás Foxley Rioseco is a Chilean economist and politician. He was the Foreign Minister of Chile from 2006 to 2009 and previously served as Minister of Finance from 1990 to 1994 and leader of the Christian Democrat Party from 1994 to 1996.-Education and personal life:Foxley received a...
, (Chile), Minister of Foreign Affairs
• Han Duck-Soo (Korea), Chairman of the Presidential Committee on Facilitating KORUS FTA Finalization
• Goh Chok Tong
Goh Chok Tong
Goh Chok Tong is the Senior Minister of Singapore and the chairman of the central bank of Singapore, the Monetary Authority of Singapore. He also served as the second Prime Minister of the Republic of Singapore from 28 November 1990 to 12 August 2004, succeeding Lee Kuan Yew, the former Prime...
(Singapore), Senior Minister and Chairman of the Monetary Authority of Singapore
• Danuta Huebner (Poland), Member of the European Commission
• Carin Jaemtin (Sweden), Former Minister for International Development Cooperation
• Pablo Kuczynski
Pedro Pablo Kuczynski
Pedro Pablo Kuczynski Godard , better known simply as PPK, is a Peruvian public administrator, economist, and politician that participate in the policy of his country....
(Peru), Former Prime Minister
• Danny Leipziger (USA), World Bank, Vice President, PREM
• Trevor Manuel
Trevor Manuel
Trevor Andrew Manuel is a South African politician, currently serving in the Cabinet of South Africa as Minister in the Presidency in charge of the National Planning Commission...
(South Africa), Minister of Finance
• Mahmoud Mohieldin
Mahmoud Mohieldin
Mahmoud Mohieldin, born on 15 January 1965 in Egypt, was appointed in September 2010 to be one of the Managing Directors of the World Bank Group....
(Egypt), Minister of Investment
• Ngozi N. Okonjo-Iweala
Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala was appointed in July 2011 as Nigeria's “de facto prime minister” and the new Minister of Finance for the Federal Republic of Nigeria. Prior to this appointment, she was the Managing Director of World Bank and has also held the position of a Finance Minister and Foreign...
(Nigeria), Managing Director, World Bank
• Robert Rubin
Robert Rubin
Robert Edward Rubin served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs eventually serving as a member of the Board, and Co-Chairman from 1990-1992...
(USA), Director, Chairman of the Executive Committee and Member of the Office of the Chairman of Citigroup, is the former Secretary of the US Treasury
• Robert Solow
Robert Solow
Robert Merton Solow is an American economist particularly known for his work on the theory of economic growth that culminated in the exogenous growth model named after him...
(USA), Professor Emeritus, Massachusetts Institute of Technology (MIT)
• Michael Spence
Michael Spence
Andrew Michael Spence is an American economist and recipient of the 2001 Nobel Memorial Prize in Economic Sciences, along with George A. Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development. He conducted this research while at Harvard University...
(USA), Nobel Laureate, Chair of the Growth Commission, former Dean of Stanford Graduate Business School
• Sir K. Dwight Venner (Saint Kitts and Nevis, West Indies) Governor of the Eastern Caribbean Bank
• Hiroshi Watanabe (Japan), President and CEO of the Japan Bank for International Cooperation (JBIC)
• Ernesto Zedillo (Mexico), Director of the Yale Center Study of Globalization, former President of Mexico
• Zhou Xiaochuan
Zhou Xiaochuan
Zhou Xiaochuan is a Chinese economist, banker, reformist and bureaucrat. As governor of the People's Bank of China since December 2002, he has been in charge of the monetary policy of the People's Republic of China....
(China), Governor of the People’s Bank of China