The World Bank - Global Economic Prospects and the Developing Countries 2000 (Global Economic Prospects)
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Global Economic Prospects and the Developing Countries 2000 (Global Economic Prospects)
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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 todays 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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Global Economic Prospects and the Developing Countries 2000
author
:
publisher
:
World Bank
isbn10 | asin
:
0821345508
print isbn13
:
9780821345504
ebook isbn13
:
9780585223865
language
:
English
subject
Economic forecasting--Developing countries, Developing countries--Economic conditions, Economic forecasting, Economic history--1990- , International trade, International economic relations.
publication date
:
2000
lcc
:
HC59.69.G585 2000eb
ddc
:
330.91724
subject
:
Economic forecasting--Developing countries, Developing countries--Economic conditions, Economic forecasting, Economic history--1990- , International trade, International economic relations.
Page i
Global Economic Prospects and the Developing Countries
Page ii
Copyright (c) 2000 by the International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW, Washington, DC 20433, USA
All rights reserved Manufactured in the United States of America First printing December 1999
This publication has been compiled by the staff of the Development Prospects Group of the World Bank's Development Economics Vice Presidency. The World Bank does not accept responsibility for the accuracy or completeness of this publication. Any judgments expressed are those of World Bank staff or consultants and do not necessarily reflect the views of the Board of Executive Directors or the governments they represent.
The material in this publication is copyrighted. The World Bank encourages dissemination of its work and will normally grant permission promptly.
Permission to photocopy items for internal or personal use, for the internal or personal use of specific clients, or for educational classroom use is granted by the World Bank, provided that the appropriate fee is paid directly to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470. Please contact the Copyright Clearance Center before photocopying items.
For permission to reprint individual articles or chapters, please fax your request with complete information to the Republication Department, Copyright Clearance Center, fax 978-750-4470.
All other queries on rights and licenses should be addressed to the Office of the Publisher, World Bank at the address above or faxed to 202-522-2422.
ISBN 0-8213-4550-8 ISSN 1014-8906 Library of Congress catalog card number: 91-6-440001 (serial)
Page iii
Contents
Foreword
vii
Summary
ix
Abbreviations, Acronyms, and Data Notes
xv
Chapter 1 Prospects for Growth and Poverty Reduction in Developing Countries
1
The External Environment for Developing Countries Is Improving
3
The Outlook for Developing Countries in 1999-2001 Suggests Significant Acceleration
17
Projections for Growth in Developing Countries in the Long Term Are Lower
22
Recent Trends and Prospects for Poverty in Developing Countries
28
Risks to theForecast and a Low-Case Scenario
36
Notes
42
References
44
Chapter 2 External Shocks, Financial Crises, and Poverty in Developing Countries
47
External Shocks and Poverty in Developing Countries
48
Income Poverty and Inequality during the East Asian Crisis
51
Beyond Current Income Effects of the East Asian Crisis
62
Fostering Sustained Growth and Reducing the Social Costs of Volatility and Crises
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