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Global Economic Prospects 2007 : Managing the Next Wave of Globalization

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  • World Bank
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    Abstract

    Global Economic Prospects (GEP) 2007 explores the next wave of globalization. While the medium-term outlook for the world economy remains fairly bright, demographic trends will be a major driver of future events and the benefits of globalization are likely to be uneven across regions and countries. Looking at a set of growth scenarios covering the years 2006 to 2030, the report analyzes the opportunities and stresses of integration in order to bring into sharper relief the choices facing the world today. Three prominent features in the next wave of globalization are: the growing economic weight of developing countries in the international economy, the potential for increased productivity that is offered by global production chains, and the accelerated diffusion of technology. The GEP also analyzes three possible consequences: growing inequality, pressures in labor markets, and threats to the global commons. All of these developments, along with deepening economic interdependence, place a burden on the collective actions of the international community: to manage globalization or risk being run over by it.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/7157/381400GEP2007.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 7157 and published in 2007.

    ISBN: 978-0-8213-6727-8
    Handle: RePEc:wbk:wbpubs:7157

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Related research

    Keywords: Poverty Reduction - Achieving Shared Growth Economic Theory and Research Environmental Economics and Policies Health; Nutrition and Population - Population Policies Poverty Reduction - Inequality Environment Macroeconomics and Economic Growth Health; Nutrition and Population;

    References

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    1. Milazzo, M., 1998. "Subsidies in World Fisheries. A Reexamination," Papers 406, World Bank - Technical Papers.
    2. repec:wbk:wboper:13409 is not listed on IDEAS
    3. Joseph E. Aldy & Scott Barrett & Robert N. Stavins, 2003. "Thirteen Plus One: A Comparison of Global Climate Policy Architectures," Working Papers 2003.64, Fondazione Eni Enrico Mattei.
    4. Nordhaus, William D & Yang, Zili, 1996. "A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies," American Economic Review, American Economic Association, vol. 86(4), pages 741-65, September.
    5. Stef Proost & Denise Van Regemorter, 2003. "Interaction between local air pollution and global warming and its policy implications for Belgium," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 3(3), pages 266-286.
    6. Aunan, Kristin & Fang, Jinghua & Vennemo, Haakon & Oye, Kenneth & Seip, Hans M., 2004. "Co-benefits of climate policy--lessons learned from a study in Shanxi, China," Energy Policy, Elsevier, vol. 32(4), pages 567-581, March.
    7. Jean-Marc Burniaux & Joaquim Oliveira Martins, 2000. "Carbon Emission Leakages: A General Equilibrium View," OECD Economics Department Working Papers 242, OECD Publishing.
    8. Clive Bell & Maureen Lewis, 2004. "The Economic Implications of Epidemics Old and New," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 5(4), pages 137-174, October.
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    Cited by:
    1. Miria Pigato, 2009. "Strengthening China's and India's Trade and Investment Ties to the Middle East and North Africa," World Bank Publications, The World Bank, number 2626, October.
    2. Arslan Razmi, 2007. "Integration, Informalization, and Income Gaps in Developing Countries: Some General Equilibrium Explorations in Light of Accumulating Evidence," UMASS Amherst Economics Working Papers 2007-06, University of Massachusetts Amherst, Department of Economics.
    3. Anderson, Kym & Martin, Will & van der Mensbrugghe, Dominique, 2012. "Estimating effects of price-distorting policies using alternative distortions databases," CEPR Discussion Papers 9083, C.E.P.R. Discussion Papers.
    4. World Bank, 2007. "Warming Up to Trade? Harnessing International Trade to Support Climate Change Objectives," World Bank Other Operational Studies 7749, The World Bank.
    5. World Bank, 2007. "International trade and Climate Change : Economic, Legal, and Institutional Perspectives," World Bank Publications, The World Bank, number 6831, October.
    6. Schrecker, Ted, 2007. "Intra-metropolitan health disparities in Canada: Studying how and why globalization matters, and what to do about it," Center for Global, International and Regional Studies, Working Paper Series qt3z7544g1, Center for Global, International and Regional Studies, UC Santa Cruz.
    7. Bourguignon, Fran├žois & Bussolo, Maurizio, 2013. "Income Distribution in Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier.
    8. Bussolo, Maurizio & Maliszewska, Maryla & Murard, Elie, 2014. "The long-awaited rise of the middle class in Latin America is finally happening," Policy Research Working Paper Series 6912, The World Bank.
    9. Peter Edward & Andy Sumner, 2013. "The Future of Global Poverty in a Multi-Speed World: New Estimates of Scale, Location and Cost," Working Papers 111, International Policy Centre for Inclusive Growth.
    10. Arslan Razmi, 2009. "Can the HOSS framework help shed light on the simultaneous growth of inequality and informalization in developing countries?," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 145(2), pages 361-372, July.
    11. Edward, Peter & Sumner, Andy, 2014. "Estimating the Scale and Geography of Global Poverty Now and in the Future: How Much Difference Do Method and Assumptions Make?," World Development, Elsevier, vol. 58(C), pages 67-82.
    12. Arbache, Jorge & Go, Delfin S. & Page, John, 2008. "Is Africa's economy at a turning point?," Policy Research Working Paper Series 4519, The World Bank.
    13. Rammelt, Crelis F. & Boes, Jan, 2013. "Galtung meets Daly: A framework for addressing inequity in ecological economics," Ecological Economics, Elsevier, vol. 93(C), pages 269-277.

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