World Bank2012-06-052012-06-052007978-0-8213-6727-8https://hdl.handle.net/10986/7157Global 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.en-USCC BY 3.0 IGOABSOLUTE POVERTYACCESS TO EDUCATIONADJUSTMENT COSTSAGRICULTUREAPPROPRIATE TECHNOLOGYAVERAGE ANNUALAVERAGE INCOMEAVERAGE INCOMESBABYBASE YEARCAPITAL FLOWSCAPITAL MARKETSCARBONCARBON EMISSIONSCITIZENSCLIMATE CHANGECOMPETITIVENESSCONSUMERSCOUNTRY INEQUALITYCOUNTRY PERFORMANCECURRENT POPULATIONDEBTDEMAND-SIDEDEPENDENCY RATIODEPENDENCY RATIOSDEVELOPED COUNTRIESDEVELOPING COUNTRIESDEVELOPING REGIONSDEVELOPING WORLDDEVELOPMENT ASSISTANCEDEVELOPMENT RESEARCHDISCRIMINATIONDISSEMINATIONDIVERSIFICATIONDOMESTIC MARKETSECONOMIC EXPANSIONECONOMIC FORECASTSECONOMIC GROWTHECONOMIC PERFORMANCEECONOMIC VALUEECONOMICSEDUCATION SYSTEMSEDUCATIONAL ATTAINMENTELDERLYELDERLY POPULATIONEMISSIONSENVIRONMENTALENVIRONMENTAL DAMAGEEPIDEMICEXCHANGE RATESEXPLOITATIONEXPORT GROWTHEXPORTSFINANCIAL MARKETSFISHFISHERIESFORECASTSFOREIGN DIRECT INVESTMENTFUTURE GROWTHGDPGDP PER CAPITAGENDER DISCRIMINATIONGLOBAL ECONOMYGLOBAL MARKETSGREENHOUSE GASGROSS DOMESTIC PRODUCTGROWING ECONOMYGROWTHGROWTH PROCESSGROWTH PROSPECTSGROWTH RATESHUMAN WELFAREIMPORTSINCOMEINCOME DISTRIBUTIONINCOME DISTRIBUTION LADDERINCOME GROWTHINCOME INEQUALITYINDUSTRIAL PRODUCTIONINDUSTRIAL REVOLUTIONINFECTIOUS DISEASESINFLATIONINTEREST RATEINTEREST RATESINTERMEDIATE INPUTSINTERNATIONAL COMMUNITYINTERNATIONAL POLICIESINTERNATIONAL POLICYINVESTMENT CLIMATEINVESTMENTS IN EDUCATIONJOB CREATIONJOB SECURITYLABOR FORCELABOR MARKETLABOR MARKETSLEGAL STATUSLIFELONG LEARNINGLIQUIDITYLIVING STANDARDSLONG-TERM GROWTHLOW-INCOME COUNTRIESLOWERING BARRIERSMARKET ECONOMYMEDIUM TERMMIDDLE CLASSMIGRANTSMIGRATIONMINORITYNATIONAL ECONOMIESNATIONAL LEVELNATIONAL POLICYNATIONAL POLICY MAKERSNUMBER OF PEOPLEOILOIL EXPORTERSOIL PRICESPER CAPITA GROWTHPER CAPITA INCOMESPOLICIESPOLICY IMPLICATIONSPOLICY MAKERSPOLICY RESPONSEPOLLUTIONPOOR COUNTRIESPOPULATION GROWTHPOPULOUS COUNTRYPOVERTY LINEPOVERTY REDUCTIONPOVERTY-REDUCING IMPACTPRIVATE SECTORPRO-POORPRODUCERSPRODUCTIVE POTENTIALPRODUCTIVITYPRODUCTIVITY GROWTHPROPERTY RIGHTSPUBLIC GOODSPUBLIC POLICIESPURCHASING POWERPURCHASING POWER PARITYRAPID GROWTHRATE OF GROWTHRATES OF GROWTHREDUCING EMISSIONSREDUCING POVERTYREGIONAL GROWTHREMITTANCESRESOURCES FOR EDUCATIONRICH COUNTRIESRISING DEMANDRISING WAGE INEQUALITYSAVINGSSIDE EFFECTSSKILL PREMIUMSKILLED WAGESSKILLED WORKERSSOCIAL INSTITUTIONSSOCIAL TENSIONSSOCIAL UNRESTSUB-SAHARAN AFRICATAX REVENUESTECHNOLOGICAL CHANGETECHNOLOGICAL PROGRESSTELECOMMUNICATIONSTRADE LIBERALIZATIONTRADE NEGOTIATIONSTRANSPORTATIONUNSKILLED LABORVALUE ADDEDWAGE RATESWAGESWORK FORCEWORLD INCOME DISTRIBUTIONWORLD POPULATIONWORLD POPULATION GROWTHWorld Bankhttps://doi.org/10.1596/978-0-8213-6727-8