Global Economic Prospects and teh Developing Countries

"In order to maximize the positive effects of growth that can come with openness, the international community must find ways to reduce the frequency and severity of economic crises." - Joseph E. Stiglitz, Senior Vice President and Chief Economist. Recovery from the global financial crisis has been mroe rapid than once forecast. Nevertheless, the aftershocks of the crisis continue to depress growth prospects for developping countries and hamper efforts to reduce poverty worldwide. The tenth annual edition of Global Economic Prospects 2000; - analyzes the prospects for the global economy and the implications for poverty reduction, - reports on the enormous social impact of the crisis in the most affected countries, - reviews progress in corporate and bank restructuring in teh East Asian crisis countries, - traces the impact of volatile commodity prices on exporters of primary commodities. Global Economic Prospects 2000 provides essential information for those concerned with developments shaping today's global economy.