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the National Bank of Poland in cooperation with the World Bank hosted a seminar on economic development in a transforming world at the MVPs head office in Warsaw on Thursday April 12 we have gathered today to discuss new trends and emerging models of growth and economic development in an evolving world central bankers usually spent little time on discussing development and development assistance they prefer to talk about growth but as we have learned over the years economic growth and development are closely interconnected than one may not be easily sustained without the other on hand at the seminar to discuss economic development and highlight the issue of democratizing development was the managing director of the World Bank miss Carolyn and Steven Im going to focus in my remarks on one flight of those very interesting questions that were just posed and talk about democratizing development in a transforming world ms Elster said that the stay relevant todays models of global growth