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Global Economic Prospects and the Developing Countries 2003: Investing to Unlock Global Opportunities
Global Economic Prospects and the Developing Countries 2003 Investing to Unlock Global Opportunities Author:World Bank Group Productivity increases and efficient investment are essential conditions for rapid growth and poverty reduction. Establishment of those conditions requires improvement of the investment climate--that is, the policy and institutional environment that fosters entrepreneurship and productive investment. Global Economic Prospects 2003 analyzes both ... more »the global and the national dimensions of the investment climate for developing countries. This thirteenth annual edition:
* explores the current state of the world economy and how it affects developing countries' exports, access to capital, and growth prospects
* examines recent changes in the organization of global business, notably the proliferation of multinational companies and associated production networks
* argues that sound national policies, particularly to encourage competition, are needed for countries to reap the benefits of globalization
* discusses ways that the international community might help developing countries establish competitive investment environments
* considers the potential for a new World Trade Organization agreement on investment and competition. Global Economic Prospects 2003 provides essential information for those concerned with developments shaping today's global economy. Greater involvement in the world economy can offer new opportunities for poor people in developing countries. But it can also create dislocations and risks. Global Economic Prospects 2003 describes steps that rich countries and developing countries can take to foster the increased opportunities and entrepreneurship that make it possible for poor people to improve their lives.--Nicholas Stern, Senior Vice President and Chief Economist, World Bank« less