Saving in developing countries: An overview

This article reviews the current state of knowledge on the determinants of saving rates, presenting the main findings and contributions of the recentl y completed World Bank research project, "Saving Across the World." The art icle discusses the basic design of the research project and its core databa se, the World Saving Database. It then summarizes the main project results and places them in the context of the literature on saving, identifying the key policy and nonpolicy determinants of private saving rates. Special att ention is paid to the relationship between growth and saving and the impact of specific policies on saving rates. The article concludes by introducing the studies included in this special issue.