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Conference on Second Generation Reforms IMF Headquarters, Washington, D.C. IMF Institute and the Fiscal Affairs Department |
This conference addresses the issue of why stabilization and structural adjustment programs of the past, while successful in jump-starting economies, have been unable to ensure the quality and sustainability of renewed growth. It is increasingly recognized that a broader set of reforms is needed to sustain high-quality growth in a globalized environment and to close the disparity between the rich and poor countries. This set of reforms, referred to collectively as "second generation reforms," formed the focus of the papers and conference discussions.
The agenda for the conference appears below, along with links to the papers delivered in the conference. Brief biographical information on each participant is also available. Please note that papers are in draft and unedited.
9:30-10:15 - Keynote Address
James D. Wolfensohn, President, World Bank Group
Session 1 Institutions and Growth
Chair: Mohsin S. Khan, Director, IMF Institute
10:30-11:30 - Institutions
and Economic Performance
Robert
Bates, Professor of Government, Harvard University
Discussant:
Anthony Lanyi, Director, Macroeconomics and Economic Policy, IRIS, University
of Maryland
11:30-12:30 - Institutions
For High-Quality Growth: What They Are And How To Acquire Them
Dani
Rodrik, Professor of International Political Economy, Harvard University
Discussant:
Saleh M. Nsouli, Deputy Director, IMF Institute
Session 2 Role of the State
Chair:
Jean-Claude Milleron, Executive Director, IMF
2:00-3:00 - The Quality
of the Public Sector
Vito
Tanzi, Director, Fiscal Affairs Department, IMF
Discussant:
Hilton Root, Senior Fellow, The Milken Institute
3:00-4:00 -
What Role Do Legal Institutions Play in Development?
(Use the free Adobe Acrobat Reader
to view this 303 k pdf file)
Michael Trebilcock,
Professor of Law and Director of the Law and Economics Program, University of Toronto,
and Kevin Davis, Professor of Law, University of Toronto
Discussant:
William E. Holder, Deputy General Counsel, Legal Department, IMF
Comments on What Role Do Legal Institutions Play in Development?
Chair: Mohsin S. Khan, Director, IMF Institute
4:30-5:30 - The Quality Of Growth
9:00-10:00 - Social Capital and Civil Society
Francis Fukuyama, Professor of Public
Policy, George Mason University
Discussant: Paul Collier, Director,
Development Research Group, The World Bank
Session 4 Sound Regulation
Chair: Riccardo Faini, Executive Director,
IMF
10:30-11:30 - The Second Generation of Regulatory Reforms
Scott Jacobs, Head of Program on Regulatory Reform,
Public Management Service, OECD
Discussant: Ralph Bradburd,
Professor of Political Economy, Williams College
11:30-12:30 - The Role of Financial Regulation in a World
of Deregulation and Market Forces
Lawrence J. White, Professor of Economics,
New York University
Discussant: Stefan Ingves, Director,
Monetary and Exchange Affairs Department, IMF
Session 5 Strategies for Development
Chair: Abbas Mirakhor,
Executive Director, IMF
2:00-3:00 - Culture, Democracy, and Development—the
Impact of Formal and Informal Institutions on Development
Deepak Lal, Professor of Economics, UCLA
Discussant: Peter Montiel,
Senior Policy Advisor, IMF Institute
3:00-4:00 - Fads and Fashion in Economic Reforms: Washington
Consensus or Washington Confusion?
Moises Naim, Editor, Foreign Policy
Discussant: Ke-young Chu, Senior
Advisor, Fiscal Affairs Department, IMF
4:30-6:00 - Panel
Chair: Mohsin S. Khan, Director, IMF Institute
Faris Bingaradi, Director of Economic and Technical
Department,
Arab Monetary Fund
Ricardo Hausmann, Chief Economist, Inter-American
Development
Bank
Jungsoo Lee, Chief Economist, Asian Development Bank
Ted Nkodo, Director of Central Operations, African
Development Bank
Rolph van der Hoeven, Manager ILO Action Program
on Structural Adjustment, Employment, and the Role of the Social Partners, International
Labour Organization
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