Frequently Asked Questions
1. What is the Development Economics Vice Presidency (DEC)?
The Development Economics Vice Presidency (DEC) of the World Bank regroups about 200 researchers and data specialists working on development issues. It aims to provide intellectual leadership, data development prospects analysis, research findings, analytical tools and policy advice in support of Bank operations and advice to clients. More.
2. What role does DEC play in the World Bank?
The Development Economics Vice Presidency (DEC) seeks to increase understanding of development policies and programs by providing intellectual leadership and analytical services to the Bank and the development community. To meet the challenge of development, the World Bank must be an agent of change. To be effective in this role it must combine the power of ideas and knowledge with finance.
Under the leadership of the Senior Vice President and Chief Economist, it aims to improve the effectiveness of Bank operations, and meet the needs of its client countries and the world development community for high-quality services. More.
3. Who is the Chief Economist and what is his role?
Kaushik Basu became Senior Vice President for Development Economics and World Bank Chief Economist on October 1, 2012. As the World Bank's Chief Economist, Kaushik sets the Bank's research agenda and advises Bank Management on a wide range of development policy issues. He also advises policy makers on development challenges and helps to promote development issues within the broad development community. Prior to that, he was Chief Economic Adviser to the Government of India. He is on leave from his position as Professor of Economics and the C. Marks Professor of International Studies at Cornell University. He has served as Chairman of Cornell’s Department of Economics and has also directed the university's Center for Analytic Economics and headed the Program for Comparative Economic Development. Earlier Mr. Basu was Professor of Economics at the Delhi School of Economics. In 1992 he founded the Centre for Development Economics in Delhi and was its first Executive Director. He is also a founding member of the Madras School of Economics. Mr. Basu has held visiting positions at the Institute for Advanced Study, Princeton, and the London School of Economics, where he was Distinguished Visitor in 1993. He has been a Visiting Professor at Harvard University, Princeton University and M.I.T. He holds a PhD in economics from the London School of Economics. Mr. Basu is has received many economics awards in India and has held advisory posts with the ILO, the World Bank, the Reserve Bank of India. He is Editor of the journal Social Choice and Welfare, and served or serves on numerous Editorial Boards, including the Journal of Economic Perspectives, Journal of Development Economics, Journal of Public Economics, and the World Bank Economic Review. Mr. Basu’s contributions to economics span development economics, welfare economics, industrial organization and public economics. He has published widely and his most recent books are Beyond the Invisible Hand: Groundwork for a New Economics published by Princeton University Press and Penguin, and An Economist’s Miscellany, published by Oxford University Press. He is the second World Bank Chief Economist from a developing country. More
4. Who is the Director of Development Policy and what is his/her role?
As Director of Development Policy, Indermit Gill provides policy advice to the Chief Economist, and guides DEC’s provision of research and analytical services to the Bank’s operations. Prior to that, he was the chief economist for Europe and Central Asia at the World Bank, and a principal author of Golden Growth: Restoring the Lustre of the European Economic Model. Before his current position, he worked in East Asia and Latin America, including an assignment in Brazil. He was the director of the 2009 World Development Report, Reshaping Economic Geography, and a principal author of An East Asian Renaissance. He has a Ph.D. in Economics from the University of Chicago, and an M.A. from the Delhi School of Economics.
5. How are research, data, and prospects outputs disseminated?
DEC makes all its research findings available to the public through publications and conferences:
6. Where is the Annual Bank Conference on Development Economics held and what are its outcomes?
The Annual Bank Conference on Development Economics(ABCDE) is one of the world's best known conference series for presenting and discussing new knowledge about development. The first meeting was held in Washington in 1988. In recent years the conference series has expanded beyond Washington. In 1999, the World Bank held its first ABCDE-Europe conference in Paris, co-organized with the French Ministry of Finance. Annual Europe conferences have continued from then on. Since 1993, the Washington conference has been shifted every alternate year to a developing country.