Sustainable Development in a Dynamic World - World Development Report 2003.

The 2003 World Bank World Development Report examines the relationship between competing policy objectives of reducing poverty, maintaining growth, improving social cohesion and protecting the environment.

The 2003 World Bank Report, entitled Sustainable Development in a Dynamic World: Transforming Institutions, Growth and Quality of Life integrates the findings of a few World Development Reports into a broader, long-term framework to identify elements of a process that could be improved.

Institutions need to be improved at many levels - from the local to the global - to promote growth in ways that protect environmental and social assets.

The Report emphasises that many good policies have been identified but not implemented due to:

• distributional issues
• barriers to developing better institutions.

Institutional innovations that might overcome these barriers are reviewed.

The Report stresses that ensuring economic growth and improved management of the planet's ecosystems requires a reduction in poverty and inequality at all levels: local, national and international.

James Wolfensohn, President of the World Bank, says in his Foreword to the Report: The core development challenge is to ensure productive work and much better quality of life for the almost 3 billion poor people today earning less than $2.00 per day and for the 2-3 billion people to be added to the world's population over the next 30 to 50 years.

Inclusive societies within and across countries are vital to ensure that signals of emerging economic, social or environmental problems are picked up from all groups and that they can cooperate to solve tough problems.

As in previous editions, the World Development Report 2003 contains Figures, Boxes Photos and Tables, including Tables of Selected World Development Indicators.

World Development Report 2003

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