Publication: Global Economic Prospects and the Developing Countries 1994
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Date
1994-04-30
ISSN
1014-8906
Published
1994-04-30
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This year’s report gives special attention to international trade in commodities, a subject of central importance to many developing countries, as commodity exports continue to be a large component of their total exports. Chapter 1 deals with global conditions and prospects for developing countries. Chapters 2 and 3 examine trends in international commodity markets and implications of commodity dependence for growth and development in low-income countries.
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“World Bank. 1994. Global Economic Prospects and the Developing Countries 1994. © World Bank. http://hdl.handle.net/10986/32389 License: CC BY 3.0 IGO.”
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This paper shows that the countries and regions that are driving the process of knowledge creation and production of high-tech and manufactured goods, building on frontier technology, are benefiting the most from globalization, increasingly acting as drivers and relegating Sub-Saharan Africa to the end-user status. In this process, the income gap between Sub-Saharan Africa and the globalizers has increased even more. 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