Equity and development.
Contributors: Ferreira, Francisco H. G.; Walton, Michael, 1953-; World Bank.
Series: World development report -- 2006
Publisher: World Bank; Oxford University Press
Published: 2005
Place of publication: Washington, D.C; New York
Language: eng
Number of pages: 320
ISBN-13: 9780821362495
Subjects: Equity -- Developing countries; Economic development; Developing countries -- Economic conditions
Description: World Development Report 2006 analyzes the relationship between equity and development. The report documents the persistence of inequality traps by highlighting the interaction between different forms of inequality. It presents evidence that the inequality of opportunity that arises is wasteful and inimical to sustainable development and poverty reduction. It also derives policy implications that center on the broad concept of leveling the playing field-both politically and economically and in the domestic and the global arenas. The report recognizes the intrinsic value of equity but aims primarily to document how a focus on equity matters for long-run development. It has three parts: Part I considers the evidence on inequality of opportunity, within and across countries. Part II asks why equity matters, discussing the two channels of impact (the effects of unequal opportunities when markets are imperfect, and the consequences of inequity for the quality of institutions a society develops) as well as intrinsic motives. Part III asks how public action can level the political and economic playing fields. In the domestic arena, it makes the case for investing in people, expanding access to justice, land, and infrastructure, and promoting fairness in markets. In the international arena, it considers leveling the playing field in the functioning of global markets and the rules that govern them-and the complementary provision of aid to help poor countries and poor people build greater endowments.
Notes: "A copublication of The World Bank and Oxford University Press."

"This report has been prepared by a core team led by Francisco H.G. Ferreira and Michael Walton, and comprising Tamar Manuelyan Atinc ... [et al.]"--P. xiii.

Includes bibliographical references (p. 247-273) and index.

Also available online via the World Wide Web.
Table of contents: title: Overview --; title: Introduction -- -- Pt. 1.; title: Inequity within and across countries --; title: Inequity within countries: individuals and groups --; title: Equity from global perspectives -- -- Pt. 2.; title: Why does equity matter? --; title: Equity and well-being --; title: Inequality and investment --; title: Equity, institutions, and the development process -- -- Pt. 3.; title: Leveling the economic and political playing fields --; title: Human capacities --; title: Justice, land, and infrastructure --; title: Markets and the macroeconomy --; title: Achieving greater globaly equity.