Global Economic Prospects and the Developing Countries 2001

Technological innovations and the dismantling of trade barriers over the past decade have contributed to an acceleration of growth in global trade. This acceleration has been associated with faster growth in developing countries as a group. However, many of the poorest countries have not kept pace. This year's report focuses on international trade and discusses policies that are required if developing countries are to benefit from global integration. The report is organized as follows: Chapter 1 examines the prospects for developing countries and world trade and projects that long-term growth has improved and is projected to be higher despite significant vulnerabilities. Chapter 2 analyzes trade policies in the 1990s and discusses reductions in barriers to trade, trends in trade and economic growth, weaknesses in domestic trade-related policies, and trade protection in industrial countries. Chapter 3 explores the relationships between product standards and regulatory barriers to trade, labor standards and trade sanctions, and environmental standards and trade. Finally, Chapter 4 focuses on electronic commerce, the digital divide, and its effects on productivity, international trade, and income distribution, as well as impediments to Internet use, the role of policies, and challenges to regulatory regimes in developing countries.

Bibliographic Details

Main Author:	World Bank
Language:	en_US
Published:	Washington, DC 2001
Subjects:	International trade, Private capital flows, Long-term trends, Commodity prices, Poverty reduction, Regional integration, Trade policy, Trade barriers, Trade regulation, Regulatory control, Standardization, Labor standards, Environmental standards, Internet marketing, Internet service providers, Information technology, Industrial production, Gross domestic product, Oil prices, Foreign direct investments, Merchandise trade, Real effective exchange rates, Skill shortages, access to information, agricultural subsidies, agriculture, average growth, Average tariff, black market, black market premium, capita income, capital flows, commercial banks, commodity exporters, competitive advantage, competitive telecommunications sector, competitiveness, consumer prices, consumption growth, corporate profits, Cost savings, country markets, currency, Current account, current account deficit, debt, deregulation, devaluation, developed countries, developing countries, Developing country, developing regions, Development Economics, diversification, durable goods, ECONOMIC ACTIVITY, Economic Cooperation, Economic factors, economic growth, economic integration, economic trends, effective demand, exchange rate, export growth, exports, financial crisis, financial resources, financial systems, Food processing, Forecasts, Foreign direct investment, foreign exchange, foreign sources, Free Trade, GDP, GDP per capita, Generalized System of Preferences, Global conditions, global economy, Global Trade, growth potential, growth rates, High trade barriers, human capital, Imports, income, income distribution, inflation, interest rates, international competitiveness, international investment, international investment flows, international markets, international trade, inventories, labor costs, labor force, labor market, labor markets, labor productivity, long run, Long-term growth, low-income countries, macroeconomic policies, market integration, medium term, Mergers, monetary policies, monetary policy, mov, Mutual recognition, oil, oil price, oil prices, oil revenues, oil shock, OPEC, Openness, Organization of Petroleum Exporting Countries, output growth, overvaluation, per capita growth, policy environment, pollution, poor countries, population growth, poverty alleviation, poverty reduction, price changes, productivity, productivity growth, property rights, rapid growth, real exchange rate, real exchange rate volatility, real exchange rates, real GDP, regional integration, regulatory barriers, regulatory regimes, saving rate, Securities, shortages, Standard deviation, Structural transformation, tariff rates, technological change, telecommunications, Trade Agreement, trade barriers, trade bloc, trade liberalization, trade losses, Trade Policies, trade volumes, Transition countries, transition economies, venture capital, wealth, world economy, World Trade, World Trade Organization, WTO,
Online Access:	http://hdl.handle.net/10986/14779
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