Speakers and Discussants
November 8-9, 1999
Conference is open to IMF and World Bank staff
All other participation is by invitation
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.
November 8—Day 1
9:00 a.m.-10:30 a.m., IMF Auditorium, R-710
10:30 a.m.-5:30 p.m., Multipurpose Room, B-702
9:00-9:30 - Second Generation Reforms: Reflections and New Challenges -- Opening Remarks
Michel Camdessus, Managing Director, IMF
9:30-10:15 - Keynote Address
Session 1 Institutions and Growth
10:30-11:30 - Institutions and Economic Performance
11:30-12:30 - Institutions For High-Quality Growth: What They Are And How To Acquire Them
Session 2 Role of the State
3:00-4:00 - What Role Do Legal Institutions Play in Development?
Chair: Mohsin S. Khan, Director, IMF Institute4:30-5:30 - The Quality Of Growth
Vinod Thomas, Director, World Bank Institute
Discussant: Andrew Feltenstein, Professor of Economics, Virginia Polytechnic Institute, and Resident Lecturer, IMF Institute
November 9—Day 2
9:00 a.m.-6:00 p.m., Multipurpose Room, B-702
Session 3 Importance of Civil Society
Chair: Vito Tanzi, Director, Fiscal Affairs Department, IMF
Session 4 Sound Regulation
10:30-11:30 - The Second Generation of Regulatory Reforms
11:30-12:30 - The Role of Financial Regulation in a World of Deregulation and Market Forces
Session 5 Strategies for Development
2:00-3:00 - Culture, Democracy, and Development—the Impact of Formal and Informal Institutions on
3:00-4:00 - Fads and Fashion in Economic Reforms: Washington Consensus or Washington Confusion?
4:30-6:00 - Panel
Faris Bingaradi, Director of Economic and Technical Department,