02471cam a22004094a 4500 1195 The World Bank 20260707185155.0 m d cr cn||||||||| 020129s2002 dcu o i001 0 eng 0821353381 29.99 USD 9780821353387 10.1596/0-8213-5338-1 (The World Bank)1195 167637 138889 Global Economic Prospects 2003: [electronic resource] Investing to Unlock Global Opportunities Washington, D.C. : The World Bank, 2002 1 online resource (242 p.) Global Economic Prospects 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. Description based on print version record. Debt Markets Economic Theory and Research Emerging Markets 200764 Finance and Financial Sector Development Financial Literacy Investment and Investment Climate 204265 Macroeconomics and Economic Growth Private Sector Development World Bank 2465 Print Version: 9780821353387 Global Economic Prospects 204453 World Bank e-Library. http://elibrary.worldbank.org/content/book/9780821353387 EBK 167637 138889