Press Release: Commissioner Hübner and Nobel Laureate Michael Spence unveil report on ingredients for successful growth in developing countries

Developing countries can achieve fast, sustained, equitable growth if they take advantage of opportunities in the global economy and have committed leaders. Those are among the messages in a report that Danuta Hübner, Commissioner for Regional Policy, and Nobel Laureate Michael Spence presented today in Brussels. The 'Growth Report: Strategies for Sustained Growth and Inclusive Development' concluded two years of work by the Commission on Growth and Development. Commissioner Hübner was a member of this group, created under the auspices of the World Bank, and chaired by Professor Spence. The report identified distinctive characteristics of successful growth, using 13 high-growth economies since 1950 as examples, and explored how developing countries can emulate them.