Publication: Global Economic Prospects 2007 : Managing the Next Wave of Globalization
Date
2007
ISSN
Published
2007
Author(s)
World Bank
Abstract
Global Economic Prospects (GEP) 2007
explores the next wave of globalization. While the
medium-term outlook for the world economy remains fairly
bright, demographic trends will be a major driver of future
events and the benefits of globalization are likely to be
uneven across regions and countries. Looking at a set of
growth scenarios covering the years 2006 to 2030, the report
analyzes the opportunities and stresses of integration in
order to bring into sharper relief the choices facing the
world today. Three prominent features in the next wave of
globalization are: the growing economic weight of developing
countries in the international economy, the potential for
increased productivity that is offered by global production
chains, and the accelerated diffusion of technology. The GEP
also analyzes three possible consequences: growing
inequality, pressures in labor markets, and threats to the
global commons. All of these developments, along with
deepening economic interdependence, place a burden on the
collective actions of the international community: to manage
globalization or risk being run over by it.
Citation
“World Bank. 2007. Global Economic Prospects 2007 : Managing the Next Wave of Globalization. Global Economic Prospects. © Washington, DC: World Bank. http://hdl.handle.net/10986/7157 License: CC BY 3.0 IGO.”