The World Bank's Annual Bank Conference on Development Ecomics (ABCDE) is one of the world's best kwn series of conferences for the presentation and discussion of new kwledge about development. The conference has become increasingly ambitious in scope as the world's ecomies have become more interconnected, challenges have become more complex, and the distinction between development ecomics and other disciplines has become less clear. This volume collects together papers from the 1999 ABCDE in Europe given by some of the most prominent thinkers on development issues. These papers reflect the fact that ecomic trends are demanding a more intense and dynamic flow of ideas and expertise between the developed and developing worlds, between Europe and America, between rth and south. While there is growing consensus among ecomic policymakers on the need for macroecomic stability, there is less agreement on how to balance this need with pressing social needs.