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George D. Woods, President of the World Bank Group, spoke about empires and some of the great works of their construction. He discussed common illusions about developing countries. He argued for making the rallying cry, "No Taxation without Representation" a cornerstone of development. He explained that it was through adding a measure of the Bank's experience and wealth to the scarce resources available for increasing productivity in the lands in developing countries that we help economic progress. He concluded by saying that countries with a material surplus must continue to cultivate the habit of investing some of that surplus into development overseas.

Accountability --- Democratic Government --- Development Economics and Aid Effectiveness --- Development Patterns and Poverty --- Economic Development --- Economic Growth --- Governance --- International Development Association --- Irrigation --- Macroeconomics and Economic Growth --- Poverty Reduction --- Railways