Development outreach has asked the leaders of the WDR 2005 team, Warrick P. Smith and Mary C. Hallward-Driemeier to put together the special report featured in this issue in order to provide comments by world renowned specialists on issues raised in the WDR 2005 and expand discussions beyond its parameters. This report opens with an editorial by Warrick P. smith and Mary C. Hallward-Driemeie on the theme of the WDR 2005. Ricardo Hausmann, Lant Pritchett and Dani Rodrik, presents, Initiating a Growth Boom. William Kalema, examines the role of Public-Private Sector Dialog in Uganda's Reform Process. Raj M. Desai and Sanjay Pradhan, offer their views on, Governing the Investment Climate. Daniel Kaufmann, focus on, Click Refresh Button : investment climate reconsidered. Erica Field, talks about, Entitled to Work : informal enterprise in urban Peru. Frances Lund and Caroline Skinner, focus on a South Africa example, Local Government Innovations for the Informal Economy : creating a positive investment climate. Qimiao Fan, Alberto Criscuolo and Iva Ilieva-Hamel, present, Whither SME Policies? Ahmed Galal, discusses Potential Winners & Losers from Business Formalization. Finally, Stefano Scarpetta, discusses, Getting the Best Out of Creative Destruction : productivity growth and job creation