Globalization and localization—the integration of the world economy and the increasing demand for local autonomy—are two of the most important forces shaping development as we enter the 21st century. These forces will affect trade, capital flows, the global environment, decentralization, and urban development, and will require countries to seek a dynamic equilibrium at both international and subnational levels.
This 22nd edition of the World Development Report analyzes how these forces could reshape the international landscape in the new millennium. It proposes rules and structures on which to build a more effective, comprehensive approach to development; provides valuable insight into how current viewpoints can be adapted to fit evolving development concerns; and offers guidance for decisionmakers, researchers, and others with an interest in development.
World Development Report 1999/2000 also includes Selected World Development Indicators, an essential reference on recent trends in development.
The Report was released at a press conference in Washington D.C. on Wednesday, September 15, 1999. World Bank Chief Economist and Senior Vice President for Development Economics Joseph Stiglitz, and Shahid Yusuf, the team leader for the 1999 WDR presented the main findings of the report and responded to questions from the press
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