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GEORGETOWN / ZOELLICK
STORY: GEORGETOWN / ZOELLICK
TRT: 1:52
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS
DATELINE: 29 SEPTEMBER 2010, WASHINGTON DC
1. Med shot, Zoellick walks on stage
2. Med shot, audience clapping
3. SOUNDBITE (English) Robert Zoellick, World Bank Group President:
“In a world where there is no overarching theoretical framework, in a world where scholarship must be linked to practice; in a world where developing economies have as much to share as developed; we need to democratize and demystify development economics, recognizing that we do not have a monopoly on the answers.”
4. Med shot, audience taking photos
5. Wide shot, hall
SOUNDBITE (English) Robert Zoellick, World Bank Group President:
“The knowledge agenda, if there is any message to take away from this, there is incredible ability to try to learn what’s happening in one country that might affect another’s.”
6. Close up, audience
7. Med shot, audience asking questions
8. SOUNDBITE (English) Robert Zoellick, World Bank Group President:
“The global economic crisis has instructed us, through the hardest of lessons, to question assumptions. It has emphasized the rising importance of developing countries. It has underscored the consequences of public policies for developed and developing countries.”
9. Wide shot, hall from above
10. Close up, audience
11. Med shot, audience
12. SOUNDBITE (English) Robert Zoellick, World Bank Group President:
“We must look beyond an “elite retail" model of research. No longer can the model solely be to research a specific issue and then write a paper hoping someone will read it. The new model must be wholesale and networked. It must increasingly open information and knowledge to others by giving them the tools to do the economic research themselves. “
13. Wide, tilt up to whole auditorium
In development, one size no longer fits all, says World Bank Group President Robert B. Zoellick. A rethink is in order to make development more useful and reach more poor people.
Speaking at Georgetown University today (29 September), Zoellick said that development economists need to adapt to new realities. He added that a new world economy requires new multi-polar knowledge.
He added that “the knowledge agenda, if there is any message to take away from this, there is incredible ability to try to learn what’s happening in one country that might affect another’s.”
Economists need to think in bigger and broader terms.
He said that “the global economic crisis has instructed us, through the hardest of lessons, to question assumptions. It has emphasized the rising importance of developing countries. It has underscored the consequences of public policies for developed and developing countries.”
Zoellick is proposing that the World Bank change the way it does research. It needs to focus on results, and have better data on health, infrastructure, gender and data. He wants to link the real economy with the knowledge economy and tailor it to individual countries.
He added that “we must look beyond an “elite retail" model of research. No longer can the model solely be to research a specific issue and then write a paper hoping someone will read it. The new model must be wholesale and networked. It must increasingly open information and knowledge to others by giving them the tools to do the economic research themselves.”
The World Bank president’s speech comes a week before government officials from around the world come to Washington for the World Bank and International Monetary Fund’s annual meeting.
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