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Global Economic Prospects and the Developing Countries 1995

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  • World Bank

Abstract

This year’s report derives its main theme from a fundamental change that is taking place in the world economy today – globalization. This change is being driven both by widespread adoption of market liberalization policies and by technological change that is fast eroding physical barriers to international transactions. The report also reviews the prospects for developing countries in the context of their increasing integration into world markets for goods, services, and capital, highlighting the new opportunities and challenges that arise from closer international economic integration. The process of integration also brings frictions, the report notes, which requires closer monitoring and quicker policy responses at the country, regional, and global levels.

Suggested Citation

  • World Bank, 1995. "Global Economic Prospects and the Developing Countries 1995," World Bank Publications - Books, The World Bank Group, number 32390, December.
    • Handle: RePEc:wbk:wbpubs:32390
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    Citations

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    Cited by:

    1. Groenewald, J. A., 1996. "Transformation: The Challenge To Commercial Agriculture," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    2. Brahmbhatt, Milan & Srinivasan, T.G. & Murrell, Kim, 1996. "India in the global economy," Policy Research Working Paper Series 1681, The World Bank.
    3. Merle Holden, 2000. "Openness, the Terms of Trade and Trade Policy in Natural Resource Economies," South African Journal of Economics, Economic Society of South Africa, vol. 68(2), pages 125-131, June.
    4. Grabel, Ilene, 1996. "Marketing the third world: The contradictions of portfolio investment in the global economy," World Development, Elsevier, vol. 24(11), pages 1761-1776, November.
    5. Lawrence H. Summers, 1999. "Distinguished Lecture on Economics in Government: Reflections on Managing Global Integration," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 3-18, Spring.
    6. Bernard Hoekman & Carlos Braga, 1997. "Protection and Trade in Services: A Survey," Open Economies Review, Springer, vol. 8(3), pages 285-308, July.
    7. Jamshed Y. Uppal & I.U. Mangla, 1996. "Accessing International Capital: Pakistan’s Experience, Prospects, and Policy Implications," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 35(4), pages 929-941.
    8. Ng, Francis & Yeats, Alexander, 1997. "Open economies work better! did Africa's protectionist policies cause its marginalization in world trade?," World Development, Elsevier, vol. 25(6), pages 889-904, June.
    9. Prieto, Francisco Javier & Mattos, José Carlos Silva & Noguera, Nicolás, 1999. "Manual for completing the questionnaire on measures affecting services trade in the hemisphere," Manuales 5569, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    10. Shapouri, Shahla & Missiaen, Margaret, 1995. "Shortfalls in International Food Aid Expected," Food Review/ National Food Review, United States Department of Agriculture, Economic Research Service, vol. 18(3), September.
    11. Stephenson, Sherry M., 1999. "Approaches to liberalizing services," Policy Research Working Paper Series 2107, The World Bank.
    12. Hernandez, Leonardo & Rudolph, Heinz, 1995. "Sustainability of private capital flows to developing countries : Is a generalized reversal likely?," Policy Research Working Paper Series 1518, The World Bank.
    13. Anthony Payne, 2001. "The global politics of development: towards a new research agenda," Progress in Development Studies, , vol. 1(1), pages 5-19, January.
    14. Naqvi, Syed Nawab Haider, 1996. "The significance of development economics," World Development, Elsevier, vol. 24(6), pages 975-987, June.
    15. Wahba, Jackline & Mohieldin, Mahmoud, 1998. "Liberalizing Trade in Financial Services: The Uruguay Round and the Arab Countries," World Development, Elsevier, vol. 26(7), pages 1331-1348, July.
    16. Ann Harrison & Ana Revenga, 1995. "The Effects of Trade Policy Reform: What Do We Really Know?," NBER Working Papers 5225, National Bureau of Economic Research, Inc.
    17. Leonardo Hernández & Heinz Rudolph, 1997. "Sustainability of Private Capital Flows to Developing Countries: Is a Generalized Reversal Likely?," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 34(102), pages 237-266.

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