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Global Economic Prospects 2008

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“Technological progress increased 40 to 60 percent faster in developing countries than in rich countries between the early 1990s and early 2000s,” said Andrew Burns, Lead Economist and main author of the report. “Nevertheless, developing countries have a long way to go, given that the level of technology that they use is only one quarter of that employed in high-income countries.”

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Growth in developing countries is cushioning the current economic slowdown in the United States, according to a new report from the World Bank.Global economic growth slowed somewhat in 2007, mostly because of weaker performances in high-income countries.

The World Bank forecasts moderately slower global economic growth for 2008.


What do the Global Economic Prospects this year tell us?
There is a lot of talk about a US recession. What is actually happening here in relation to developing countries?
Are there real risks to the global economy?
What is contributing to the growth in developing countries?
What is happening to technology in developing countries?
Are there things that governments should do to make things better?

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