Micro vs. macro: What works in development?

This is from The Brookings Institution–(check the links to the conference papers below!)  The conference brought together a great group of micro and macroeconomists.

What Works in Development? Thinking Big and Thinking Small

Bill Easterly and Jessica Cohen of Brookings recently convened a conference with leading development experts to explore one of the most vexing issues of global development: what do we really know about what works and what doesn’t when fighting global poverty? The conference focused on the ongoing debate over which paths to development really maximize results: a big-picture approach focusing on the role of institutions, macroeconomic policies, growth strategies and other country-level factors; or a more grassroots approach focusing on particular microeconomic interventions such as conditional cash transfers, bed nets, teaching materials and other micro-level improvements in service delivery on the ground.