TY  - BOOK
ED  - World Bank.
ED  - World Bank.
TI  - Global Economic Prospects 2003 : : Investing to Unlock Global Opportunities
T2  - Global Economic Prospects
SN  - 0821353381
PY  - 2002///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Debt Markets
KW  - Economic Theory and Research
KW  - Emerging Markets
KW  - Finance and Financial Sector Development
KW  - Financial Literacy
KW  - Investment and Investment Climate
KW  - Macroeconomics and Economic Growth
KW  - Private Sector Development
N2  - Strong cyclical dynamics, together with an easing of macroeconomic policies in the United States and elsewhere, have boosted large parts of the global economy, into the initial phase of a recovery in 2002. Nonetheless, the global recovery is fragile, because investment spending is insufficient to underpin continuing growth, although long-term prospects remain promising. Although global competition is creating new opportunities for developing countries, harnessing globalization requires reducing barriers to competition, using targeted interventions carefully, but essentially, supported by sound public investments. International agreements on investment, and competition policies can provide benefits through reciprocity, while agreements on investment policy are likely to have strong development effects, only if they deal with the big issues facing developing countries. Consequently, competition agreements should focus on restraints to competition that hurt developing countries: policy barriers in markets abroad; private restraints on competition; and, trade restraints officially sanctioned
UR  - http://elibrary.worldbank.org/doi/book/10.1596/0-8213-5338-1
ER  -