The integration of developing countries in the global economy increased sharply in the 1990s with improvements in these countries’ economic policies and the massive expansion of global trade and finance driven by technological innovations in communications, transport and data management, coupled with some lowering of barriers to trade and financial transactions. Despite limited access to capital markets, many of the low-income developing countries also witnessed a sharp increase in their international financial ties during the 1990s. Relative to the size of their economies, the poor countries receive almost the same amount of foreign direct investment--- and their residents place about as much money abroad--- as in other developing countries.
These are some of the conclusions reached by Global Development Finance 2002, Analysis and Summary volume (809 KB), a report that also highlights recent trends and prospects for the global economy, capital flows, and improvements in policies surrounding aid flows.
Global Development Finance 2002:
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Predicts that a vigorous recovery will begin later this year
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Finds that the growth slowdown reduced capital market flows, but not foreign direct investment
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Underlines the importance of policy performance for attracting and benefiting from capital flows, both private and official
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Concludes that improved policies in both recipient and donor countries are helping to strengthen the effectiveness of aid flows.
As in previous years, the Country Tables volume of Global Development Finance 2002 (186 KB) includes a comprehensive set of tables with statistical data for 136 countries that report debt under the World Bank Debtor Reporting System, as well as summary data for regions and income groups. It contains data on total external debt stocks and flows, aggregates, and key debt ratios, and provides a detailed, country-by-country picture of debt. Global Development Finance 2002 debt data are also available on the CD-ROM, with more than 200 historical time series from 1970 to 2000, and country group estimates for 2001.
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