Global Economic Prospects and the Developing Countries, Volume 12

Front Cover
World Bank Publications, 2002 - 253 pages
This year's 'Global Economic Prospects' argues for reshaping the global architecture of world trade to promote development and poverty reduction. The report focuses on four policy areas: • Using the WTO ministerial to launch a "development round" of trade negotiations that would reduce global trade barriers. • Engaging in global collective action to promote trade outside the negotiating framework of the WTO. • Adopting pro-trade development policies of high-income countries unilaterally. • Enacting new trade reform in developing countries. The report contends that the policies recommended in these four areas would reshape the global trade architecture in a way that would enhance the prospects of developing countries and reduce world poverty. While the most likely scenario is for recovery beginning in 2002, today's slow growth of global trade and weakening financial flows to all but the most creditworthy countries, has impeded growth in developing countries.'Global Economic Prospects 2002' concludes that the long-term promise of well-implemented trade reform is therefore tangible: a world with a much higher standard of living, hundreds of millions lifted out of poverty, and a sharp increase in children living beyond their fifth birthday to become productive citizens of the world.
 

Contents

Other editions - View all

Common terms and phrases

Popular passages

Page xxi - UNCTAD United Nations Conference on Trade and Development UNDP United Nations Development Programme UNEP United Nations Environment Programme...
Page 181 - Hertel, Bernard Hoekman, and Will Martin, 2000, "Potential Gains from Trade Reform in the New Millennium," paper presented at the Third Annual Conference on Global Economic Analysis, Monash University, Mt. Eliza, Australia, June.
Page 74 - Data refer to 1997. include a more competitive market structure for software services, increased choice, as countries may develop a special expertise for certain development or support services, and greater diffusion of knowledge. Health services are another area in which developing countries could become major exporters, either by attracting foreign patients to domestic hospitals and doctors, or by temporarily sending their health personnel abroad. In Cuba, the government's strategy is to convert...
Page 74 - The potential effect of permitting portability could be substantial. If only 3 percent of the 100 million elderly persons living in OECD countries retired to developing countries, they would bring with them possibly US$30 billion to US$50 billion annually in personal consumption and US$10 billion to US$15 billion in medical expenditures (UNCTAD and WHO 1998).
Page 90 - Production Cluster No. 312 Computational Analysis of the Impact on India of the Uruguay Round and the Forthcoming WTO Trade Negotiations No. 311 Subsidized Jobs for Unemployed Workers in Slovakia No. 310 Determinants of Managerial Pay in the Czech Republic No. 309 The Great Human Capital Reallocation: An Empirical Analysis of Occupational Mobility in Transitional Russia No.
Page xix - GATS General Agreement on Trade in Services GATT General Agreement on Tariffs and Trade GDP gross domestic product...
Page 74 - American state. The lack of long-term portability of health coverage for retirees from OECD countries is also one of the major constraints to trade. In the United States, for instance, Medicare covers virtually no services delivered abroad. Other nations may extend coverage abroad, but only for limited periods such as two or three months. This constraint is significant because it tends to deter some elderly persons from travelling or retiring abroad.
Page 62 - Estimate (PSE): an indicator of the annual monetary value of gross transfers from consumers and taxpayers to agricultural producers, measured at farm gate level, arising from policy measures which support agriculture, regardless of their nature, objectives or impacts on farm production or income.
Page 26 - Europe and Central Asia Latin America and the Caribbean Middle East and North Africa...
Page 86 - ... taxation. In any case, since the bulk of such commerce concerns services, open trading conditions are more effectively secured through deeper and wider commitments under the GATS on cross-border trade regarding market access (which would preclude quantitative restrictionsi and national treatment (which would preclude all forms of discriminatory raxationl.

Bibliographic information