Global Economic Prospects: Managing the Next Wave of Globalization, 2007World Bank, 2007 - 180 pages Over the next 25 years developing countries will move to center stage in the global economy. 'Global Economic Prospects 2007' analyzes the opportunities--and stresses--this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today--in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the 'global commons'. Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations. |
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Tables | 3 |
The Coming Globalization | 29 |
14a Past global growth | 52 |
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acceleration agricultural average avian flu Brazil capita income Caribbean Central Asia central scenario China China and India climate change commodity costs crease Current account balance/GDP decline demographic dependency ratios developing coun developing countries developing-country Doha Round domestic demand East and North East Asia effects emissions employment estimated Europe and Central expansion expected factors figure forecast GDP at market global economy global middle class global sourcing growth rates high-income countries higher impact important improve increase India inequality inflation interest rates investment labor force Latin America long-term market prices 2000 ment Middle East migration million North Africa OECD oil exporters oil prices output percent in 2006 percent of GDP population potential poverty production projected reduce region relative rise risk sectors share South Asia strong Sub-Saharan Africa tion trade trends U.S. dollars United unskilled US$)b Current account wages World Bank