The Commission on Growth and Development comprises 22 members, who are distinguished practitioners from government, business and policy making committed to the goals of fostering faster convergence of incomes between rich and poor countries.
The role of the Commission members is to provide inputs, advice, and guidance to the preparation of the final report, which they will ultimately endorse. The report's goal is to bring forth the best understanding of the growth challenges faced by developing countries, and transform what is now known about growth into a framework that can be used by those who make economic policy decisions.
Michael Spence is senior fellow at the Hoover Institution and Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University. In 2001, he was awarded the Nobel Memorial Prize in Economic Sciences. He served as Philip H. Knight Professor and dean of the Stanford Business School from 1990 to 1999. Since 1999, he has been a partner at Oak Hill Capital Partners in Menlo Park.From 1975 to 1990, he served as professor of economics and business administration at Harvard University.
Spence was awarded the John Kenneth Galbraith Prize for excellence in teaching in 1978 and the John Bates Clark Medal in 1981 for a "significant contribution to economic thought and knowledge." Spence was named chairman of the Economics Department at Harvard in 1983 and served as the dean of the Faculty of Arts and Sciences from 1984 to 1990. At various times, he has served as a member of the editorial boards of American Economics Review, Bell Journal of Economics, Journal of Economic Theory, and Public Policy. Among his many honors, Spence was elected a fellow of the American Academy of Arts and Sciences in 1983 and was awarded the David A. Wells Prize for outstanding doctoral dissertation at Harvard University in 1972.
He is a member of the boards of directors for General Mills. From 1991 to 1997, he was chairman of the National Research Council Board on Science, Technology and Economic Policy. He is a member of the American Economic Association and a fellow of the American Academy of Arts and Sciences and the Econometric Society.
He was awarded a B.A.summa cum laude degree from Princeton University in 1966, a B.A.-M.A. degree from Oxford University in 1968 and a Ph.D. degree in economics from Harvard in 1972.
Pedro Carneiro is a lecturer in the Department of Economics at the University College London. He earned a Ph.D. and M.A. in Economics from the University of Chicago and a Licenciatura in Economics from Univeridade Catolica Portuguesa. His research interests include labor economics, economics of education and microeconometrics. Mr. Carneiro has consulted for the World Bank, the Intra-American Development bank, and the Portuguese Ministry of Employment.
Danny Leipziger is Professor of International Business, George Washington University, and former Vice President for Poverty Reduction and Economic Management (PREM) and Head of the PREM Network of the World Bank. PREM Network united more than 700 economists and other professionals working on economic policy, lending, and analytic work for the World Bank's client countries. In this capacity he provided strategic leadership and direction to Regional PREM units as well as groups working on economic policy formulation in the area of growth and poverty, debt, trade, gender, and public sector management and governance. He was heavily involved in positioning the Bank on major economic policy issues and in managing the Bank's overall interactions on these issues with key partner institutions – including the IMF, OECD, regional development banks and the European Union. He worked closely with Regional Vice Presidents on leading edge and cross-country economic matters.
Previous Bank assignments include Director for Finance, Private Sector and Infrastructure in the Latin America and Caribbean Region and managerial assignments at the World Bank Institute and in the East Asia and Pacific Region of the Bank. Career highlights include leading the Bank's first ($3 billion) economic recovery loan for Korea in 1997, managing the program of bank restructuring in Argentina in the post-Tequila financial crisis in 1995, and opening the economic dialogue with Vietnam in 1989-1990. Dr. Leipziger previously served in the Economic Bureau of the U.S. Department of State and on its Policy Planning Staff, where he was an economic advisor to the Secretary of State, as well as in USAID. Dr. Leipziger was Adjunct Professor, Graduate School of International Economics and Finance, Brandeis University (2001-2004).
Dr. Leipziger, a Ph. D. in economics from Brown University, has written extensively on development economics and finance, and has lectured widely on industrial policy, financial crisis management, and development experience. He has authored several books on Korea and East Asia, including Lessons from East Asia (University of Michigan, 1997), Preventing Banking Crises (1998), Korea: Transition to Maturity (1988), and Chile: Policy Lessons (1999). He has published more than 30 articles in economic journals and spoken often to various audiences on development policy and global economic issues. Recent published work has dealt with Privatization of Infrastructure Services, Moral Hazard Behavior in International Lending, and the Role of Infrastructure in Achieving the MDGs.
He is fluent in Spanish and German.
Homi Kharas is Visiting Fellow, Wolfensohn Center for Development, Brookings Institution, Washington DC. Previously, he was Chief Economist of the East Asia and Pacific Region at the World Bank and Director of the region's Poverty Reduction and Economic Management Department. He was responsible for the World Bank's policy advice, and lending in support of that advice, to countries in the region on matters of poverty reduction strategies, trade and competitiveness, public sector debt and fiscal policy, public expenditure management, governance, anti-corruption, and financial sector development.
Mr. Kharas joined the World Bank in 1980 and has worked in the research Department (1981-86), the Latin America and Caribbean region (1993-1997), and the Economic Policy Department (1997-1999). He has been in the East Asia and Pacific Region in 1986-90, 1992-93 and from 1999 to the present. From 1990 to 1991, Mr. Kharas worked as a Senior Partner with Jeffrey D. Sachs and Associates, advising countries in East/Central Europe and the Soviet Union on transition issues.
Mr. Kharas completed his Ph.D. in economics at Harvard University and his undergraduate studies at the University of Cambridge. He has published widely in the areas of external debt and developing countries foreign borrowing and fiscal risks and contingent liabilities.
Edwin Lim educated at Princeton University (B.A.) and Harvard University (Ph.D. in Economics). He joined the World Bank in 1970 and in the following 30 years, was responsible for the Bank's work in a number of developing countries, including Ghana, Nigeria, Indonesia, Thailand, Vietnam, India and China. He retired as a Director of the World Bank in 2002.
In 1980, Dr. Lim became a member of the management team of the World Bank that conceived and directed the Bank's program in China. From then until 1990, he was responsible for the World Bank's economic work on China and for policy dialogue with the Chinese authorities. In 1985, Dr. Lim established the World Bank's office in China and also served as the first Chief of Mission from 1985 to 1990. He returned to headquarters in 1990 when he was appointed a Director, with responsibility for Western Africa.
In 1994, Dr. Lim took two years external leave from the World Bank to set up China International Capital Corporation (CICC), China's first international investment bank, in collaboration with China Construction Bank, Morgan Stanley, Singapore GIC and other shareholders and served as CICC's first CEO. He returned to the World Bank in 1996 and was appointed the first Country Director to be stationed in New Delhi, India.
Since he retired from the World Bank in 2002, Dr. Lim has been directing the China Economic Research and Advisory Programme which conducts economic research and provides policy advice, pro bono, to the Chinese authorities.
Paul Romer is one of the nation's leading economists and the primary developer of New Growth Theory, a body of work that provides a fresh foundation for business and government thinking about wealth creation.
In 2002, Paul was recognized for his work in this field when he was awarded the Horst Claus Recktenwald Prize in Economics for outstanding achievement and contributions to the field. He also was awarded the Distinguished Teaching Award at Stanford University's Graduate School of Business (1999), named one of America's 25 most influential people by TIME magazine (1997), and elected a fellow of the American Academy of Arts and Sciences (2000). He is a fellow of the Econometric Society and a research associate with the National Bureau of Economic Research. He was a member of the National Research Council Panel on Criteria for Federal Support of Research and Development, a member of the Executive Council of the American Economics Association, and a fellow of the Center for Advanced Study in the Behavioral Sciences.
Paul is currently the STANCO 25 Professor of Economics in the Graduate School of Business at Stanford University and a Senior Fellow of the Hoover Institution. Before coming to Stanford, he taught economics at the University of California at Berkeley, the University of Chicago, and the University of Rochester. He is also the founder of Aplia, which develops and applies technologies for improving student learning. This work springs from his conviction that improving education at all levels will be the key to sustaining technological progress in the twenty-first century and that better educational technology will lead better educational outcomes.
To learn more about Paul's work, see David Warsh's book Knowledge and the Wealth of Nations (Norton 2006), or view the Economist article "The Growth of Growth Theory" in its 18 May 2006 issue.
Roberto Zagha is Country Director of the World Bank Office in India. Previously, he held a position of Senior Advisor in the World Bank Vice Presidency in charge of economic policies and poverty reduction strategies. His most recent work consisted of a review of the growth experience of the 1990s--a two year program whose results are summarized in three reports which review growth experiences, explore the current thinking on growth and the role of policies in growth strategies. Previous assignments in the Bank include Director for South Asia for the Bank department in charge of economic policies and poverty reduction in South Asia, Lead Economist for India, and several assignments in Central and East Africa, India, Sri Lanka, Argentina and Bolivia. He also was part of the core team for the World Development Report of 1991. Prior to joining the Bank Roberto Zagha taught at the university of Sao Paulo, Brazil, and worked as senior economist in the Economic Research Institute associated to that university in areas related to taxation and fiscal policies.