TY - BOOK ID - 56719895 TI - Global economic prospects and the developing countries : investing to unlock global opportunities PY - 2003 SN - 0821353381 9786610086184 1280086181 PB - Washington (D.C.): World Bank DB - UniCat KW - International economic relations KW - Developing countries KW - AA / International- internationaal KW - LDC / Developping Countries - Pays En Développement KW - 338.340 KW - 331.061 KW - Algemene ontwikkeling in de Derde Wereld. KW - Economische vooruitzichten. KW - Algemene ontwikkeling in de Derde Wereld KW - Economische vooruitzichten KW - Debt Markets KW - Economic Theory and Research KW - Emerging Markets KW - Finance and Financial Sector Development KW - Financial Literacy KW - Investment and Investment Climate KW - Macroeconomics and Economic Growth KW - Private Sector Development UR - https://www.unicat.be/uniCat?func=search&query=sysid:56719895 AB - 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. ER -