Global Economic Prospects 2007: Managing the Next Wave of GlobalizationWorld Bank Publications, 2006 - 216 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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agricultural average avian flu Brazil capita income capital Caribbean Central Asia China China and India climate change competition costs crease Current account balance/GDP decile decline demand demographic devel developing coun developing countries developing-country domestic East and North East Asia Economic effects employment estimated Europe and Central exports factors figure fish fisheries forecast GDP at market GDP deflator Gini coefficient global economy global middle class global sourcing growth rates high-income countries higher household impact important improve income distribution increase India industrial innovation institutions interest rates investment Kyoto Protocol labor force labor markets Latin America long-term market prices 2000 ment Middle East migration million North Africa OECD oil prices poor population potential poverty production projected reduce regions relative rise risk sectors share skilled workers South Asia Sub-Saharan Africa tion tional trade trends U.S. dollars United US$)b Current account wages World Bank
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Page xxvii - Fund newly industrializing economies official development assistance Organisation for Economic Co-operation and Development Organization of the Petroleum Exporting Countries...
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