Global Economic Prospects and the Developing Countries
As they enter the new millennium, developing countries are struggling to recover from one of their deepest recessions since World War II. 'Global Economic Prospects 2000' will improve your understanding and keep you informed of the forces shaping today's changing global economy.The report offers an in-depth analysis of the economic prospects of developing economies in the wake of the financial crisis and as they enter the new millennium. It examines the impact of the recent financial crisis on growth and poverty in the developing world and reviews economic output, trade, and financial developments in industrial economies. 'Global Economic Prospects 2000' focuses on three main issues: how Sub-Saharan African commodity exporters and major developing country oil exporters have adjusted to the sharp swings in commodity prices since the mid-1990s; the extent of corporate restructuring in East Asia and its role in their recovery; the impact of the recent crisis on poverty in developing countries. As in past editions, detailed statistical tables and an analysis of developments for each of the developing country regions are included.'Global Economic Prospects 2000' provides essential information for anyone concerned with the economic developments affecting our shifting global economy.
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agricultural assets average bankruptcy billion boom capital flows Caribbean Central Asia changes China commodity price cycle consumption coun crises crisis countries current account debt decline developing countries East Asia East Asian crisis economic effects employment estimates Europe exchange rate expenditures export prices external Figure fiscal forecast GDP growth global growth rates high-income impact import increase Indonesia inequality interest rates International Monetary Fund investment Japan Latin America levels long-term Malaysia manufactures markets ment mergers mergers and acquisitions Middle East nomic non-oil commodity nonperforming loans North Africa oil exporting countries oil prices percent in 1998 percent of GDP percentage points policies poor poverty reduction precrisis primary commodity production prospects real income recapitalization recovery reduced region rise savings rates scenario sector shocks Source South Asia Sub-Saharan Africa Székely Table terms of trade Thailand tion trends U.S. dollars volatility Washington World Bank World Bank staff
Page xv - co-generation" is used. ECU European Currency Unit EU The European Union, whose members are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden and the United Kingdom.
Page 14 - East Asia and Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa...
Page xv - Governors of the 10 countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom and the United States) participating in the General Arrangements to Borrow (GAB) met under the chairmanship of Mr.
Page 30 - Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa South Asia Sub-Saharan Africa Total Source: World Bank.
Page 173 - This table classifies all World Bank member economies and all other economies with populations of more than 30,000. Economies are divided among income groups according to 2002 GNI per capita, calculated using the World Bank Atlas method.
Page 32 - Asia and the Middle East and North Africa. Latin America and the Caribbean and Sub-Saharan Africa remain the two regions with the highest average inequality.
Page 171 - Low-income and middle-income economies are sometimes referred to as developing economies. The use of the term is convenient; it is not intended to imply that all economies in the group are experiencing similar development or that other economies have reached a preferred or final stage of development. Classification by income does not necessarily reflect development status.
Page 31 - Latin America and the Caribbean, the Middle East and North Africa, and Sub-Saharan Africa — show less Figure 1.15 Rising openness to trade Trade (exports and imports) to GDP ratio (percent) Source: World Bank.
Page 29 - ... national accounts. Using the assumption that the sample of countries covered by surveys is representative of the region as a whole, the numbers of poor are then estimated by region. This assumption is obviously less robust in the Middle East and African regions.