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Global Economic Prospects and the Developing Countries, 2002
 
 
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Global Economic Prospects and the Developing Countries, 2002 [Paperback]

World Bank (Author)

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Global Economic Prospects 2004: Realizing the Development Promise of the Doha Agenda Global Economic Prospects 2004: Realizing the Development Promise of the Doha Agenda
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Book Description

November 1, 2001 0821349961 978-0821349960
This year's 'Global Economic Prospects' argues for reshaping the global architecture of world trade to promote development and poverty reduction. The report focuses on four policy areas: • Using the WTO ministerial to launch a "development round" of trade negotiations that would reduce global trade barriers. • Engaging in global collective action to promote trade outside the negotiating framework of the WTO. • Adopting pro-trade development policies of high-income countries unilaterally. • Enacting new trade reform in developing countries. The report contends that the policies recommended in these four areas would reshape the global trade architecture in a way that would enhance the prospects of developing countries and reduce world poverty. While the most likely scenario is for recovery beginning in 2002, today's slow growth of global trade and weakening financial flows to all but the most creditworthy countries, has impeded growth in developing countries. 'Global Economic Prospects 2002' concludes that the long-term promise of well-implemented trade reform is therefore tangible: a world with a much higher standard of living, hundreds of millions lifted out of poverty, and a sharp increase in children living beyond their fifth birthday to become productive citizens of the world.

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Inside This Book (learn more)
First Sentence:
The global economy, already balanced precariously between recession and recovery in the summer of 2001, received a sharp negative shock with the terrorist attacks in the United States on September 11. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
global trade architecture, private carrier agreements, valorem freight rates, highincome countries, gross capital market flows, merchandise trade liberalization, diversified exporters, export market growth, tariff incidence, gross farm receipts, tariff peaks, endogenous productivity, companion policies, international development goals, tariff escalation, services liberalization, baseline forecast, development round, applied tariffs, sectoral productivity, staff calculations
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Latin America, East Asia, South Asia, Sub-Saharan Africa, European Union, Policy Research Working Paper, South Africa, West Africa, World Trade Organization, General Agreement, New York, United Kingdom, United Nations Conference, Buenos Aires, Western Europe, Global Economic Prospects, Republic of Korea, Hong Kong, International Monetary Fund, Liner Code, Arab Republic of Egypt, Journal of International Economics, World Rank, Ann Arbor
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