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Global Economic Prospects and the Developing Countries 1993

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  • World Bank

Abstract

This year's report focuses on the role of external finance in development, as external finance has an important bearing on the growth and economic prospects of developing countries. Chapters 1 and 2 describes the new pattern of external finance in the 1990s and the consequences of increased financial integration of developing countries with global capital markets. Chapters 3-5 addresses major issues in external finance, including the benefits of foreign direct investment, the sustainability and volatility of portfolio flows, and the imbalance between slow growth in aid flows and fast growth in the number of claimants eligible for aid. Finally, Chapters 6 and 7 discuss the outlook for the global economy over the next decade, examines developments in the international economic environment, and discusses the implications for developing country growth, both in aggregate and by region.

Suggested Citation

  • World Bank, 1993. "Global Economic Prospects and the Developing Countries 1993," World Bank Publications - Books, The World Bank Group, number 32388.
    • Handle: RePEc:wbk:wbpubs:32388
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    Citations

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    Cited by:

    1. Özge Barış-Tüzemen & Samet Tüzemen, 2022. "The Impact of Foreign Direct Investment and Biomass Energy Consumption on Pollution in BRICS Countries: A Panel Data Analysis," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 14(1), pages 76-92, January.
    2. Lensink, Robert, 1995. "Foreign exchange constraints and developing countries," Economic Modelling, Elsevier, vol. 12(2), pages 179-191, April.
    3. Baek, In-Mee & Okawa, Tamami, 2001. "Foreign exchange rates and Japanese foreign direct investment in Asia," Journal of Economics and Business, Elsevier, vol. 53(1), pages 69-84.
    4. Killick, Tony, 1995. "Flexibility and economic progress," World Development, Elsevier, vol. 23(5), pages 721-734, May.
    5. Fry, Maxwell J., 1996. "How foreign direct investment in Pacific Asia improves the current account," Journal of Asian Economics, Elsevier, vol. 7(3), pages 459-486.
    6. Akihiko TANAKA, 2006. "Global and Regional Geo‐strategic Implications of China's Emergence," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(1), pages 180-196, June.
    7. Yeh, Kuo-chun, 2012. "Renminbi in the future international monetary system," International Review of Economics & Finance, Elsevier, vol. 21(1), pages 106-114.
    8. Kuo-Chun Yeh, 2009. "Will Taiwan's Economy be Marginalized by China? A Macro-economic Policy Coordination Approach," Global Economic Review, Taylor & Francis Journals, vol. 38(1), pages 77-99.
    9. Yeh, Kuo-chun & Ho, Tai-kuang, 2010. "Will Japan, Taiwan or the US be isolated by China? A macroeconomic game approach," Japan and the World Economy, Elsevier, vol. 22(1), pages 59-68, January.
    10. Yeh Kuo-chun, 2009. "Will a Taiwan-China Monetary Union be Feasible? Lessons from Europe," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 14(3), pages 1-36, March.
    11. K Olds, 1995. "Globalization and the Production of New Urban Spaces: Pacific Rim Megaprojects in the Late 20th Century," Environment and Planning A, , vol. 27(11), pages 1713-1743, November.
    12. Patrick Low & Alexander Yeats, 1995. "Nontariff Measures and Developing Countries: Has the Uruguay Round Leveled, the Playing Field?," The World Economy, Wiley Blackwell, vol. 18(1), pages 51-70, January.
    13. C. Goodhart & C. Xu, 1996. "The Rise of China as an Economic Power," National Institute Economic Review, National Institute of Economic and Social Research, vol. 155(1), pages 56-80, February.
    14. Kazue Demachi, 2014. "Capital flight from resource rich developing countries," Economics Bulletin, AccessEcon, vol. 34(2), pages 734-744.
    15. Sinem Koçak & Özge Barış-Tüzemen, 2022. "Impact of the COVID-19 on foreign direct investment inflows in emerging economies: evidence from panel quantile regression," Future Business Journal, Springer, vol. 8(1), pages 1-12, December.
    16. Goodhart, C. A. E. & Xu, Chenggang, 1996. "The rise of China as an economic power," LSE Research Online Documents on Economics 3753, London School of Economics and Political Science, LSE Library.
    17. Heydari, Hassan & Jariani, Farzaneh, 2020. "Analyzing Effective Factors of Capital Outflow from the Middle East and North African Countries (MENA)," MPRA Paper 104547, University Library of Munich, Germany.
    18. Acar, Mustafa, 2001. "Agricultural Unskilled Labor Mobility: Does it Matter?," Conference papers 330953, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    19. Demachi, Kazue, 2013. "Capital Flight and Transfer from Resource-Rich Developing Countries," MPRA Paper 50273, University Library of Munich, Germany.
    20. K. R. Jefferis, 1995. "The Development of Stock Markets in Sub‐Saharan Africa," South African Journal of Economics, Economic Society of South Africa, vol. 63(3), pages 192-201, September.
    21. Jefferis, Keith, 1995. "The Botswana share market and its role in financial and economic development," World Development, Elsevier, vol. 23(4), pages 663-678, April.

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