The 2010 edition of the Annual Bank Conferences on Development Economics (ABCDE) just wrapped up. Here are all the materials from the conference, including a webcast of the keynote given by Nobel Laureate Elinor Ostrom. Also make sure to check out Abhijit Banerjee’s presentation, particularly slide 7, where he argues:
- The poor are not particularly well-suited to be entrepreneurs: They neither have the risk bearing capacity nor the human capital;
- Nor will anyone give them enough capital to really grow the businesses;
- This suggests that the main source of dynamism has to be growth of medium to large firms.
From the Bank’s PSD blog.