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2. Understanding Shared Growth Watch Video Connection Speed: High Speed Low Speed    Event Title : PREM Learning Forum Date : 4/16/2007 Duration : 90 minutes Language  : English Country/Region : World Keyword :  Poverty  Country Assistance Strategy  Governance Presenter : Pradeep Mitra Mustapha Nabli Guillermo Perry Michael Spence | Related Material | Recommendations |Related B-SPAN Videos |  DESCRIPTION  The Poverty Reduction and Economic Management (PREM) Network serves as a focal point for the World Bank on the issues that drive shared growth. Each year, the network holds a Learning Week, in which the project results are discussed and shared for a wide-angle view of the Bank’s poverty reduction mission. In 2007, PREM decided to instead concentrate on a PREM Day, followed by a week of case studies and smaller breakout sessions. Michael Spence, Chairman of the Commission on Growth and Development, chaired this panel on regional case studies conducted at the Bank’s headquarters in Washington, DC, on April 16, 2007. The Chief Economist of the Bank’s Europe and Central Asia Region, Pradeep Mitra, presented case studies on growth in Estonia, Kyrgyzstan, and Turkey. He commented on the common factors for these growing economies, including an increase of action at the firm level instead of at the sectoral level. Mitra also proposed the need for an analytical benchmark for when countries stop being transitional economies and become market economies. Mustapha Nabli, Chief Economist for the Middle East and North Africa Region, commented on the political concerns that can shape development projects, and the need for stable long-term learning mechanisms in a country’s government. He also made a few points with regard to his specific region, including growth in countries such as Iran. Guillermo Perry, Latin America and Caribbean Region Chief Economist, explained the significance of postcolonial mortality and institutions for growth. He asked why regions with climates and conditions similar to the United States and Canada had not maintained good growth, blaming the policies of closed economies. He stressed the importance of institution-building by Latin American leaders, and asked what institutions can lead to greater equity. Audience members asked the panel about political science and reform experiences, industrial policy and its impact on the Bank, and unintended consequences of institutional reform.  RELATED MATERIALS   Program agenda (World Bank staff only) Related World Bank and Other Links: World Bank: PovertyNet Related B-SPAN Events: Global Issues Seminar Series: Poverty and Inequality PREM Conference 2006 RELATED B-SPAN EVENTS Poverty (258) Country Assistance Strategy (26) Governance (120)