According to the report by the Commission on Growth and Development (aka the Spence report), there is no single recipe for all countries. This conclusion is in mark contrast to what Dani Rodrick calls the "old" Washington Consensus---liberalisation, deregulation, privatization, and free markets.
But what can developing countries make of the Spence report? Perhaps not much. The report does not provide any novel solutions apart from iterating that each country should find out its mix of ingredients for development. However, the Spence report will surely tilt the balance in the intellectual battle within the development profession, as well as lower the leverage of World Bank/IMF on future development strategies and policies of developing countries.
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