Investing to Unlock Global Opportunities World Bank text dcu Washington, D.C The World Bank 2002 monographic eng

electronic resource

1 online resource (242 p.) 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. Debt Markets Economic Theory and Research Emerging Markets Finance and Financial Sector Development Financial Literacy Investment and Investment Climate Macroeconomics and Economic Growth Private Sector Development Print Version: 0821353381 http://elibrary.worldbank.org/content/book/9780821353387 http://elibrary.worldbank.org/content/book/9780821353387 020129 20260707185155.0 1195