Publication:
The Global Investment Slowdown: Challenges and Policies

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dc.contributor.authorStamm, Kersten
dc.contributor.authorVorisek, Dana
dc.date.accessioned2023-03-21T15:39:39Z
dc.date.available2023-03-21T15:39:39Z
dc.date.issued2023-03
dc.description.abstractInvestment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades through the medium term. This subdued outlook follows a decade-long, geographically widespread investment growth slowdown before the COVID-19 pandemic. An empirical analysis covering 2000-21 finds that periods of strong investment growth were associated with strong real output growth, robust real credit growth, terms of trade improvements, growth in capital inflows, and investment climate reform spurts. Each of these factors has been decreasingly supportive of investment growth since the 2007-09 global financial crisis. Weak investment growth is a concern because it dampens potential growth, is associated with weak trade, and makes achieving the development and climate-related goals more difficult. Policies to boost investment growth need to be tailored to country circumstances, but include comprehensive fiscal and structural reforms, including repurposing of expenditure on inefficient subsidies. Given EMDEs’ limited fiscal space, the international community will need to significantly increase international cooperation, official financing and grants, and leverage private sector financing for adequate investment to materialize.en
dc.identifierhttp://documents.worldbank.org/curated/en/099351003152335049/IDU0726e2460074a604ccb0be1e003a8396efcce
dc.identifier.doi10.1596/1813-9450-10364
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39562
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10364
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.subjectINVESTMENT
dc.subjectINSTITITUTIONS AND MACROECONOMY
dc.subjectDEVELOPING ECONOMIES
dc.subjectEMERGING MARKET GROWTH
dc.subjectINVESTMENT GROWTH
dc.subjectINVESTMENT POLICIES
dc.titleThe Global Investment Slowdownen
dc.title.subtitleChallenges and Policiesen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleThe Global Investment Slowdown: Challenges and Policies
okr.date.disclosure2023-03-15
okr.date.lastmodified2023-03-15T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099351003152335049/IDU0726e2460074a604ccb0be1e003a8396efcce
okr.guid099351003152335049
okr.identifier.doi10.1596/1813-9450-10364
okr.identifier.externaldocumentum34021991
okr.identifier.internaldocumentum34021991
okr.identifier.reportWPS10364
okr.import.id197
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099351003152335049/pdf/IDU0726e2460074a604ccb0be1e003a8396efcce.pdfen
okr.region.geographicalWorld
okr.topicInternational Economics and Trade::Trade Finance and Investment
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.unitProspects Group (DECPG)
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