World Bank draw lessons from developing world

World Bank Group President Robert B. Zoellick has urged a rethink of development economics to make it more useful to policy makers.

He has also announced a reorientation of World Bank research so it taps more effectively the experiences in developing countries through Open Data, Open Knowledge and Open Solutions.

Speaking ahead of the Bank’s Annual Meetings in Washington, Mr. Zoellick said the global economic crisis had made the need for a rethink of development economics even more compelling.

He says development knowledge should become multi-polar to recognize the rising importance of developing countries as new poles of growth and experience.

Source: Joy Business/Ghana