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World Bank - Global economic prospects and the developing countries, Volume 1997

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title Global Economic Prospects and the Developing Countries 1997 - photo 1

title:Global Economic Prospects and the Developing Countries 1997
author:
publisher:World Bank
isbn10 | asin:0821337947
print isbn13:9780821337943
ebook isbn13:9780585279466
language:English
subjectEconomic forecasting--Developing countries, Developing countries--Economic conditions, Economic forecasting, Economic history--1990- , International trade, International economic relations.
publication date:1997
lcc:HC59.69.G585 1997eb
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
1997
Global economic prospects and the developing countries Volume 1997 - image 2
Page ii
1997 The International Bank for Reconstruction and Development / The World Bank
1818 H Street, N.W., Washington, D.C. 20433 U.S.A.
All rights reserved
Manufactured in the United States of America
First printing September 1997
This report has been prepared by the staff of the World Bank. The judgments expressed do not necessarily reflect the views of the Board of Executive Directors or the governments they represent.
ISBN 0-8213-3794-7
ISSN 1014-8906
Library of Congress catalog card number: 91-644001 (serial)
Editing, layout, and production by American Writing Corporation
This report is the result of work by staff drawn from throughout the Development Prospects Group of the World Bank. The task manager and principal author of the report was Milan Brahmbhatt, working under the guidance of Uri Dadush. Also on the core team were Dipak Dasgupta, E. Mick Riordan, T. G. Srinivasan, and David Tarr. General direction was provided by Masood Ahmed. Comments by many reviewers inside and outside the World Bank are gratefully acknowledged.

Page iii
Contents
Abbreviations and Data Notes
iv
Foreword
v
Summary
1
1
Prospects for Developing Countries in a Fast-Changing International Environment
5
Picture 3
Global Environment for Developing Countries
6
Picture 4
Prospects for Developing Regions
18
Picture 5
Implications of Rapid Growth and Integration of the Big 5 Countries
21
Picture 6
Risks to Globalization: Some Lessons from Integration in the Nineteenth Century
30
Picture 7
Notes
32
Picture 8
References
33
2
Developing Countries and the Globalization of Production
35
Picture 9
What Drives Global Production?
36
Picture 10
Growth in Global Production
39
Picture 11
Impact of Global Production in Developing Countries
44
Picture 12
Policy Implications
48
Picture 13
Conclusion
52
Picture 14
Notes
52
Picture 15
References
53
3
Adjusting to Trade Liberalization
57
Picture 16
The Adjustment Costs of Trade Liberalization
58
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