Capital for the Future: Saving and Investment in an Interdependent World
May 16, 2013 - "Capital for the Future very clearly highlights the increasing role developing countries will play in the global economy. Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today. This is undoubtedly a significant achievement. However, to reap in full the benefits of the tectonic shifts taking place, developing countries will need to significantly improve their currently limited participation in international financial markets."
Hans Timmer, Director of the Bank's Development Prospects Group
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