World Development Reports (and another blog post)

(Originally posted 5th October 2016 on my previous site):

These are annual Reports published by the World Bank into development triumphs and lessons. Each World Development Report (WDR) usually has a focus, and the 2017 WDR’s title is “Law and Governance”. Being just a little excited about this, I wrote a blog post that was published on the SLSA website, exploring the extent to which the World Bank was likely to open itself up to different approaches. You can read it┬áhere.

Overall, I’m not holding my breath for a radical realignment of World Bank policy, and even though the rewards could be immeasurable, I’m certainly not holding out for Economic Sociology of Law-based approaches to feature. But even just considering the role of law and governance in enabling (or hindering) development is a step forward. The World Bank is beginning to recognize that there is more to life than just economic equations.

There has also been a move towards experimentalism in development, which builds on behavioural economics and other slight expansions in policy over the past few years. While this is to be welcomed, there is a long way to go.

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