The World Development Report at Thirty: A Birthday Tribute or a Funeral Elegy?

Shahid Yusuf's review of the World Development Reports (WDRs) is elegant and insightful, but also wistful and nostalgic. He clearly believes that the WDRs have known better days, and I agree with him. He is positive about the future, but I am not sure I agree; I think the problems that affl ict the WDRs have deep causes that will not soon go away. In my comments, I shall follow the same general outline as does Yusuf. I will begin with my understanding of the function of the reports, and I will review some of the most infl uential reports—and their possible infl u-ence on development thinking—as well as the general tone and content of recent reports. Like Yusuf, I shall not be afraid to use the exercise as an excuse to think about economic development more generally and about the role of the World Bank in particular. In what follows, I shall draw freely on the review of Bank research— including the WDRs—that was carried out by an outside panel consisting of Abhijit Banerjee, Nora Lustig, and Ken Rogoff, with myself as chair. available on the Bank's Web site since September 2006 (Banerjee and others 2006). I note, however, that although the report is a joint document, the review panel is in no way responsible for the views expressed here, which are entirely my own.