World Bank Economist Touts ‘Inclusive Development’

Citing over a dozen examples of applied inclusive development, Markus Kostner of the World Bank explained the organization’s work in conflict-afflicted countries in a speech Wednesday at the Clinton School.

The World Bank assists countries with financial and structural development and its critical that the bank utilizes “inclusive development,” by focusing its work in areas that the developing countries and their citizens believe are important, Kostner said.

The World Bank has worked on many successful projects, all community-driven, such as building schools in Rwanda, using community scorecards in Madagascar, and increasing labor force participation in the Philippines, Kostner said.

Kostner said that when the bank worked with the Bosnians, Serbs and Croatians in the 1990s the idea of working together was a central component of their development plan.

The World Bank met with the three groups involved and asked for insight on what should be done, Koster said. Three days later, they had designed a project together, fulfilling another component of the organization – peacebuilding.

“Inclusion is a necessary condition for sustainable, equitable, and peaceful development,” Kostner said.

Click here to watch a video of Kostner’s lecture.

This post was written by Clinton School student Maggie Carroll (’13).

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