# **Table of Contents**

|1<br>Introduction ................................................................................................................. 3|
|---|
|2<br>An Evolving Vision of the Development Process ...................................................... 4|
|2.1<br>Growth and Poverty Reduction ............................................................................ 4|
|2.2<br>State vs. Markets .................................................................................................. 6|
|2.3<br>The Role of Institutions & Governance ............................................................... 7|
|2.4<br>From the “Washington Consensus” to Country Specific Approaches ................. 8|
|2.5<br>Globalization & the Transmission of Financial Instability .................................. 9|
|2.6<br>Aid Effectiveness ............................................................................................... 10|
|3<br>The Organization of World Bank Research .............................................................. 12|
|3.1<br>The Early Years ................................................................................................. 14|
|3.2<br>The 1971-1982 Period ........................................................................................ 15|
|3.2.1<br>Organizational Change & Management of Research.................................. 16|
|3.2.2<br>Core Objectives of Bank Research & the Sectoral Review ........................ 17|
|3.2.3<br>The General Research Advisory Panel ....................................................... 17|
|3.2.3.1<br>Creation of Research Priorities ............................................................... 17|
|3.2.3.2<br>Improved Dissemination of Bank Research: The World Development<br>Report ...................................................................................................... 18|
|3.3<br>The 1982-1987 Period ........................................................................................ 19|
|3.3.1<br>Organizational Change................................................................................ 19|
|3.3.2<br>New Research Priorities .............................................................................. 20|
|3.4<br>The 1987-1992 Period ........................................................................................ 22|
|3.4.1<br>Organizational Change................................................................................ 22|
|3.4.2<br>New Research Priorities .............................................................................. 23|
|3.5<br>1992 to Present ................................................................................................... 24|
|3.5.1<br>Organizational Structure & Management ................................................... 24|
|3.5.2<br>Research Dissemination .............................................................................. 25|
|3.5.3<br>A Growing Emphasis on Policy-relevant Research .................................... 27|
|3.5.4<br>Resource Allocation & Funding ................................................................. 28|
|3.5.5<br>Focus of Research in the Past Decade ........................................................ 29|
|4<br>Concluding Remarks .............................................................................................. 32|
|References ......................................................................................................................... 33|

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