Global Development Finance Projects Slow Growth for 1999
The growth prospects of developing countries have worsened over the past six months, world trade growth has slowed, capital flows are unlikely to recover to pre-crisis levels in the near term, and, commodity prices are weak. This note reviews the reduced access to international capital flows by most emerging countries, as a result of the financial crises, while dollar export prices for developing countries fell eleven percent in 1998, with both primary commodities, and manufactures suffering. As a result, world trade fell one percent in current dollars in 1998, the first decline since 1993, while global trade volume in goods, grew only four to five percent in 1998, the slowest advance since 1992, barely half the performance in 1997. The note provides an outlook for developing regions, with expected differences in performance between regions, noting significant downside risks to even this somber outlook, and, predicts potential revival of protectionist sentiments in the United States, and Europe, should economic activity contract.
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dig-okr-10986114802021-06-14T11:03:15Z Global Development Finance Projects Slow Growth for 1999 Aiyar, Swaminathan S. Brahmbhatt, Milan DEVELOPMENT FINANCE GLOBAL MARKET FORECASTS ECONOMIC GROWTH DEVELOPING COUNTRIES INDUSTRIALIZED SOCIETIES INTERNATIONAL TRADE CAPITAL FLOWS COMMODITY PRICES EMERGING ECONOMIES FINANCIAL CRISES EXPORT PRICES PERFORMANCE INDICATORS RISK ASSESSMENTS PROTECTIONIST MEASURES ECONOMIC CONTRACTION BALANCE OF PAYMENTS BANK LOANS CAPITAL FLOWS DEBT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING REGIONS DEVELOPMENT ECONOMICS DIVERGENCE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY EXPORT GROWTH EXPORTS FACTOR ENDOWMENTS FINANCIAL CRISES FINANCIAL CRISIS FORECASTS GDP GROWTH PROSPECTS GROWTH RATES IMPORTS INCOME INFLATION INTEREST RATE INTEREST RATES MEDIUM TERM MONETARY POLICIES NORTH AFRICA OIL OIL PRICES PAYMENTS CRISIS POINT POLICY REFORMS POVERTY REDUCTION PRODUCERS PURCHASING POWER REAL GDP REMITTANCES SAVINGS TERMS OF TRADE TRADE POLICIES WEATHER PATTERNS WESTERN EUROPE The growth prospects of developing countries have worsened over the past six months, world trade growth has slowed, capital flows are unlikely to recover to pre-crisis levels in the near term, and, commodity prices are weak. This note reviews the reduced access to international capital flows by most emerging countries, as a result of the financial crises, while dollar export prices for developing countries fell eleven percent in 1998, with both primary commodities, and manufactures suffering. As a result, world trade fell one percent in current dollars in 1998, the first decline since 1993, while global trade volume in goods, grew only four to five percent in 1998, the slowest advance since 1992, barely half the performance in 1997. The note provides an outlook for developing regions, with expected differences in performance between regions, noting significant downside risks to even this somber outlook, and, predicts potential revival of protectionist sentiments in the United States, and Europe, should economic activity contract. 2012-08-13T15:11:15Z 2012-08-13T15:11:15Z 1999-05 http://documents.worldbank.org/curated/en/1999/05/717481/global-development-finance-projects-slow-growth-1999 http://hdl.handle.net/10986/11480 English PREM Notes; No. 21 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Banco Mundial |
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Estados Unidos |
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US |
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Bibliográfico |
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En linea |
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dig-okr |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
English |
| topic |
DEVELOPMENT FINANCE GLOBAL MARKET FORECASTS ECONOMIC GROWTH DEVELOPING COUNTRIES INDUSTRIALIZED SOCIETIES INTERNATIONAL TRADE CAPITAL FLOWS COMMODITY PRICES EMERGING ECONOMIES FINANCIAL CRISES EXPORT PRICES PERFORMANCE INDICATORS RISK ASSESSMENTS PROTECTIONIST MEASURES ECONOMIC CONTRACTION BALANCE OF PAYMENTS BANK LOANS CAPITAL FLOWS DEBT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING REGIONS DEVELOPMENT ECONOMICS DIVERGENCE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY EXPORT GROWTH EXPORTS FACTOR ENDOWMENTS FINANCIAL CRISES FINANCIAL CRISIS FORECASTS GDP GROWTH PROSPECTS GROWTH RATES IMPORTS INCOME INFLATION INTEREST RATE INTEREST RATES MEDIUM TERM MONETARY POLICIES NORTH AFRICA OIL OIL PRICES PAYMENTS CRISIS POINT POLICY REFORMS POVERTY REDUCTION PRODUCERS PURCHASING POWER REAL GDP REMITTANCES SAVINGS TERMS OF TRADE TRADE POLICIES WEATHER PATTERNS WESTERN EUROPE DEVELOPMENT FINANCE GLOBAL MARKET FORECASTS ECONOMIC GROWTH DEVELOPING COUNTRIES INDUSTRIALIZED SOCIETIES INTERNATIONAL TRADE CAPITAL FLOWS COMMODITY PRICES EMERGING ECONOMIES FINANCIAL CRISES EXPORT PRICES PERFORMANCE INDICATORS RISK ASSESSMENTS PROTECTIONIST MEASURES ECONOMIC CONTRACTION BALANCE OF PAYMENTS BANK LOANS CAPITAL FLOWS DEBT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING REGIONS DEVELOPMENT ECONOMICS DIVERGENCE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY EXPORT GROWTH EXPORTS FACTOR ENDOWMENTS FINANCIAL CRISES FINANCIAL CRISIS FORECASTS GDP GROWTH PROSPECTS GROWTH RATES IMPORTS INCOME INFLATION INTEREST RATE INTEREST RATES MEDIUM TERM MONETARY POLICIES NORTH AFRICA OIL OIL PRICES PAYMENTS CRISIS POINT POLICY REFORMS POVERTY REDUCTION PRODUCERS PURCHASING POWER REAL GDP REMITTANCES SAVINGS TERMS OF TRADE TRADE POLICIES WEATHER PATTERNS WESTERN EUROPE |
| spellingShingle |
DEVELOPMENT FINANCE GLOBAL MARKET FORECASTS ECONOMIC GROWTH DEVELOPING COUNTRIES INDUSTRIALIZED SOCIETIES INTERNATIONAL TRADE CAPITAL FLOWS COMMODITY PRICES EMERGING ECONOMIES FINANCIAL CRISES EXPORT PRICES PERFORMANCE INDICATORS RISK ASSESSMENTS PROTECTIONIST MEASURES ECONOMIC CONTRACTION BALANCE OF PAYMENTS BANK LOANS CAPITAL FLOWS DEBT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING REGIONS DEVELOPMENT ECONOMICS DIVERGENCE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY EXPORT GROWTH EXPORTS FACTOR ENDOWMENTS FINANCIAL CRISES FINANCIAL CRISIS FORECASTS GDP GROWTH PROSPECTS GROWTH RATES IMPORTS INCOME INFLATION INTEREST RATE INTEREST RATES MEDIUM TERM MONETARY POLICIES NORTH AFRICA OIL OIL PRICES PAYMENTS CRISIS POINT POLICY REFORMS POVERTY REDUCTION PRODUCERS PURCHASING POWER REAL GDP REMITTANCES SAVINGS TERMS OF TRADE TRADE POLICIES WEATHER PATTERNS WESTERN EUROPE DEVELOPMENT FINANCE GLOBAL MARKET FORECASTS ECONOMIC GROWTH DEVELOPING COUNTRIES INDUSTRIALIZED SOCIETIES INTERNATIONAL TRADE CAPITAL FLOWS COMMODITY PRICES EMERGING ECONOMIES FINANCIAL CRISES EXPORT PRICES PERFORMANCE INDICATORS RISK ASSESSMENTS PROTECTIONIST MEASURES ECONOMIC CONTRACTION BALANCE OF PAYMENTS BANK LOANS CAPITAL FLOWS DEBT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING REGIONS DEVELOPMENT ECONOMICS DIVERGENCE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY EXPORT GROWTH EXPORTS FACTOR ENDOWMENTS FINANCIAL CRISES FINANCIAL CRISIS FORECASTS GDP GROWTH PROSPECTS GROWTH RATES IMPORTS INCOME INFLATION INTEREST RATE INTEREST RATES MEDIUM TERM MONETARY POLICIES NORTH AFRICA OIL OIL PRICES PAYMENTS CRISIS POINT POLICY REFORMS POVERTY REDUCTION PRODUCERS PURCHASING POWER REAL GDP REMITTANCES SAVINGS TERMS OF TRADE TRADE POLICIES WEATHER PATTERNS WESTERN EUROPE Aiyar, Swaminathan S. Brahmbhatt, Milan Global Development Finance Projects Slow Growth for 1999 |
| description |
The growth prospects of developing
countries have worsened over the past six months, world
trade growth has slowed, capital flows are unlikely to
recover to pre-crisis levels in the near term, and,
commodity prices are weak. This note reviews the reduced
access to international capital flows by most emerging
countries, as a result of the financial crises, while dollar
export prices for developing countries fell eleven percent
in 1998, with both primary commodities, and manufactures
suffering. As a result, world trade fell one percent in
current dollars in 1998, the first decline since 1993, while
global trade volume in goods, grew only four to five percent
in 1998, the slowest advance since 1992, barely half the
performance in 1997. The note provides an outlook for
developing regions, with expected differences in performance
between regions, noting significant downside risks to even
this somber outlook, and, predicts potential revival of
protectionist sentiments in the United States, and Europe,
should economic activity contract. |
| format |
Publications & Research :: Brief |
| topic_facet |
DEVELOPMENT FINANCE GLOBAL MARKET FORECASTS ECONOMIC GROWTH DEVELOPING COUNTRIES INDUSTRIALIZED SOCIETIES INTERNATIONAL TRADE CAPITAL FLOWS COMMODITY PRICES EMERGING ECONOMIES FINANCIAL CRISES EXPORT PRICES PERFORMANCE INDICATORS RISK ASSESSMENTS PROTECTIONIST MEASURES ECONOMIC CONTRACTION BALANCE OF PAYMENTS BANK LOANS CAPITAL FLOWS DEBT DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING REGIONS DEVELOPMENT ECONOMICS DIVERGENCE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY EXPORT GROWTH EXPORTS FACTOR ENDOWMENTS FINANCIAL CRISES FINANCIAL CRISIS FORECASTS GDP GROWTH PROSPECTS GROWTH RATES IMPORTS INCOME INFLATION INTEREST RATE INTEREST RATES MEDIUM TERM MONETARY POLICIES NORTH AFRICA OIL OIL PRICES PAYMENTS CRISIS POINT POLICY REFORMS POVERTY REDUCTION PRODUCERS PURCHASING POWER REAL GDP REMITTANCES SAVINGS TERMS OF TRADE TRADE POLICIES WEATHER PATTERNS WESTERN EUROPE |
| author |
Aiyar, Swaminathan S. Brahmbhatt, Milan |
| author_facet |
Aiyar, Swaminathan S. Brahmbhatt, Milan |
| author_sort |
Aiyar, Swaminathan S. |
| title |
Global Development Finance Projects Slow Growth for 1999 |
| title_short |
Global Development Finance Projects Slow Growth for 1999 |
| title_full |
Global Development Finance Projects Slow Growth for 1999 |
| title_fullStr |
Global Development Finance Projects Slow Growth for 1999 |
| title_full_unstemmed |
Global Development Finance Projects Slow Growth for 1999 |
| title_sort |
global development finance projects slow growth for 1999 |
| publisher |
World Bank, Washington, DC |
| publishDate |
1999-05 |
| url |
http://documents.worldbank.org/curated/en/1999/05/717481/global-development-finance-projects-slow-growth-1999 http://hdl.handle.net/10986/11480 |
| work_keys_str_mv |
AT aiyarswaminathans globaldevelopmentfinanceprojectsslowgrowthfor1999 AT brahmbhattmilan globaldevelopmentfinanceprojectsslowgrowthfor1999 |
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1756572449316536320 |