"The Growth Report: Strategies for Sustained Growth and Inclusive Development"

The Commission on Growth and Development brought together twenty-one leading practitioners from government, business and the policymaking arenas, mostly from the developing world. The Commission was chaired by Nobel Laureate Michael Spence and is sometimes called the Spence Commission. Its report issued in 2008 has been described as providing the basis for a new consensus of development economists. The report website provides not only a downloadable version of the report, but information on the Commission and a video of the launch event.

The report notes that a handful of countries have managed to achieve historically unparalleled growth for decades, proving it is possible to do so. The authors suggest that the recipe for sustained rapid economic growth will differ from country to country, depending on the local circumstances in each country. However, good policies and institution building are important. They recognize the importance of investments in human capital as well as infrastructure.