The global economy is likely approaching a cyclical high in 2000, while policy reforms and improvements in health and education in developing countries over the past decade have substantially increased their potential for long-term growth. However, volatility in the global economic environment presents major risks for developing countries that could depress prospects.
Transcript & powerpoint presentation from Washington D.C. launch.
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"Progress in reform and investments in education and health have improved the prospects for growth and poverty reduction in developng economies, but there remain important risks to the outlook--most notably, the likelihood of further volatility in the global economic environment, and the potential of failure to deepen domestic reforms"
— Nicholas Stern, Senior Vice President
and Chief Economist, The World Bank
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This eleventh annual edition of Global Economic Prospects 2001
- Analyzes the prospects for the global economy and the implications for poverty reduction
- Explains why economic performance in the poorest developing countries has lagged behind
- Shows that trade sanctions are ineffective in raising labor and environmental standards in developing countries.
- Explores the potential impact of electronic commerce on productivity and trade in developing countries.
Global Economic Prospects 2001 provides essential information for those concerned with development shaping today's global economy.
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