- Table View
- List View
Global Economic Prospects, June 2017: A Fragile Recovery
by World Bank GroupGlobal activity is firming broadly as expected. Manufacturing and trade are picking up, confidence is improving, international financing conditions remain benign, and commodity prices are stabilizing. Growth in emerging market and developing economies (EMDEs) is set to recover, as obstacles to growth in commodity exporters diminish, while activity in commodity importers remains robust. Risks to the global outlook remain tilted to the downside. These include increased trade protectionism, elevated economic policy uncertainty, the possibility of financial market disruptions, and, over the longer term, weaker potential growth. A policy priority for EMDEs is to rebuild monetary and fiscal space that could be drawn on were such risks to materialize. Over the longer term, structural policies that support investment and trade are critical to boost EMDE productivity and potential growth. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes two Special Focus essays of critical importance for emerging and developing economies: an analysis of fiscal positions in EMDEs and a deeper look at the type of firms most affected by post-crisis trade weakness. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.
Global Economic Prospects, June 2018: The Turning of the Tide? (Global Economic Prospects)
by World Bank GroupGlobal growth has eased but remains robust and is projected to reach 3.1 percent in 2018. It is expected to edge down in the next two years, to 2.9 percent by 2020, as global slack dissipates, trade and investment moderate, and financing conditions tighten. Growth in advanced economies is predicted to decelerate toward potential rates as monetary policy normalizes and the effects of U.S. fiscal stimulus wane. In emerging market and developing economies (EMDEs), growth in commodity importers will remain robust, while the rebound in commodity exporters is projected to mature during the next two years. Progress in per capita income growth will be uneven, however, remaining particularly subdued in Sub-Saharan Africa. Risks to the outlook remain tilted to the downside. The possibilities of escalating trade protectionism and disorderly financial market movements have increased substantially in recent months, and the risk of heightened geopolitical tensions continues to cloud the outlook. EMDE policymakers need to rebuild monetary and fiscal policy buffers and be prepared for rising global interest rates and possible episodes of financial market turbulence. In the longer run, EMDEs need to tackle ongoing structural challenges and boost potential growth, by promoting competitiveness, adaptability to technological change, and trade openness. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.
Global Economic Prospects, June 2019: Heightened Tensions, Subdued Investment (Global Economic Prospects)
by World Bank GroupGlobal growth appears to be stabilizing after a period of marked weakness, but it remains fragile. A modest recovery in emerging market and developing economies continues to be constrained by subdued investment, which is dampening prospects and impeding progress toward achieving critical development goals. Downside risks to the outlook remain elevated, and policymakers continue to face major challenges to boost resilience and foster long-term growth. this issue includes essays on the benefits and risks of government borrowing, recent investment weakness in emerging market and developing economies, the pass-through of currency depreciations to inflation, and the evolution of growth in low-income countries.
Global Economic Prospects, June 2020 (Global Economic Prospects)
by World Bank GroupThe COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers' immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.
Global Economic Prospects, June 2021 (Global Economic Prospects)
by World BankThe world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Global Economic Prospects, June 2022 (Global Economic Prospects)
by World BankThe world economy continues to suffer from a series of destabilizing shocks. After more than two years of pandemic, Russia's invasion of Ukraine and its global effects on commodity markets, supply chains, inflation, and financial conditions have steepened the slowdown in global growth. In particular, the war is leading to soaring prices and volatility in energy markets, with improvements in activity in energy exporters more than offset by headwinds to activity in most other economies. The war has also led to a significant increase in agricultural commodity prices, which is exacerbating food insecurity and extreme poverty in many emerging market and developing economies. Numerous risks could further derail what is now a precarious recovery. Among them is, in particular, the possibility of stubbornly high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. This could eventually result in a sharp tightening of monetary policy in advanced economies to rein in inflation, lead to surging borrowing costs, and possibly culminate in financial stress in some emerging market and developing economies. A forceful and wide-ranging policy response is required by policy makers and the global community to boost growth, bolster macroeconomic frameworks, reduce financial vulnerabilities, provide support to the vulnerable population groups, and attenuate the long-term impacts of the global shocks of recent years.
Global Economic Prospects, June 2023
by World BankGlobal growth is projected to slow significantly in the second half of this year, with weakness continuing in 2024. Inflation pressures persist, and tight monetary policy is expected to weigh substantially on activity. The possibility of more widespread bank turmoil and tighter monetary policy could result in even weaker global growth. Rising borrowing costs in advanced economies could lead to financial dislocations in the more vulnerable emerging market and developing economies (EMDEs). In low-income countries, in particular, fiscal positions are increasingly precarious. Comprehensive policy action is needed at the global and national levels to foster macroeconomic and financial stability. Among many EMDEs, and especially in low-income countries, bolstering fiscal sustainability will require generating higher revenues, making spending more efficient, and improving debt management practices. Continued international cooperation is also necessary to tackle climate change, support populations affected by crises and hunger, and provide debt relief where needed. In the longer term, reversing a projected decline in EMDE potential growth will require reforms to bolster physical and human capital and labor-supply growth.
Global Economic Prospects, June 2024 (Global Economic Prospects)
by World Bank GroupAfter several years of negative shocks, global growth is expected to hold steady in 2024 and then edge up in the next couple of years, in part aided by cautious monetary policy easing as inflation gradually declines. However, economic prospects are envisaged to remain tepid, especially in the most vulnerable countries. Risks to the outlook, while more balanced, are still tilted to the downside, including the possibility of escalating geopolitical tensions, further trade fragmentation, and higher-for-longer interest rates. Natural disasters related to climate change could also hinder activity. Subdued growth prospects across many emerging market and developing economies and continued risks underscore the need for decisive policy action at the global and national levels. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Global Economic Uncertainties and Exchange Rate Shocks
by Eliphas Ndou Nombulelo Gumata Mthuli NcubeThis book examines the macroeconomic and regulatory impact of domestic and international shocks on the South African economy resulting from the 2009 financial crisis. It also assesses the impact of the US economy's eventual recovery from the crisis and the prospect of higher US interest rates in future. Told in three parts, the book explores associations between economic growth, policy uncertainty and the key domestic and international transmission channels, and transmission effects, of global financial regulatory and domestic macro-economic uncertainties on subdued and volatile economic recovery, financial channels, lending rate margins, and credit growth. The book concludes by extending its focus to the role of US monetary policy, capital flows and rand/US dollar volatility on the South African economy.
Global Economics and Management: Prospects of Fundamental Science Development International Conference 2018 (PFSD 2018): Economics and Management Session (Springer Proceedings in Business and Economics)
by Mikhail Kaz Tatiana Ilina Gennady A. MedvedevThis proceedings volume contains research trends, issues and developments in global economics and management with particular focus on the digital postindustrial economy—Economy 4.0. Featuring papers presented at the Economic and Management session of the 2018 Prospects of Fundamental Science Development International Conference (PFSD 2018) held in Tomsk, Russia, this book presents new models, methods, analyses, and approaches to different sectors of economics and management such as tax policy, labor economics, econometrics, municipal management systems, and international finance, among others. The papers are related to three main topics:Theoretical approaches to the development of Economy 4.0, the construction of a postindustrial society, and their impact on the labor market, finance, public and social values. Innovative methods and models are mentioned as well.The creation and implementation of cryptocurrencies and block chain technology.Comparative analysis of regional and institutional economics in different countries such as Russia, China, the United States and the EU, among others. Regulation, supervision, accounting and economic security measures are also explored.Featuring industry-specific case studies in sectors such as oil and gas, agriculture, pharmaceuticals, IT and ecology, this book is a useful reference for academics, students, practitioners, and scholars in economics.
The Global Economics of Forestry
by William F. HydeThis book traces the economic and biological pattern of forest development from initial settlement and harvest activity at the natural forest frontier to modern industrial forest plantations. It builds from diagrams describing three discrete stages of forest development, and then discusses the management and policy implications associated with each, supporting its observations with examples and data from six continents and from both developed and developing countries. It shows that characteristic distinctions between the three stages make forestry unusual in natural resource management and that effective policy requires different, even contrasting, decisions at each stage. William F. Hyde’s comprehensive discussion covers a wide range of issues, including the impacts of both specific forest policies and broader macroeconomic policies, the unique requirements of current issues such as global warming, biodiversity and tourism, and the complexities of the different forest products industries. Concluding chapters review the roles of the newer institutional landowners, of smaller private and farm landowners, and of public agencies. This highly-original volume reaches far beyond forest economics; it explains what forestry can do for regional development and environmental conservation and what policies designed for other sectors and the macro-economy can do for forestry.
The Global Economics of Sport (Political Violence Ser.)
by Chris Gratton Dongfeng Liu Girish Ramchandani Darryl WilsonSport has become a global business. There is no corner of the Earth that isn't reached by coverage of global sporting mega-events such as the Olympics or the World Cup, events managed by international governing bodies such as the IOC and FIFA that operate like major international businesses. Companies such as Nike now design, produce, distribute and market their products across every continent, while an increasingly important part of every country's sport market is now international in terms of its influences and opportunities. This book is the first to examine the economics of contemporary sport using the global market as the primary unit of analysis. Starting with a survey of the changing nature of the sports market over the last hundred years, the book explores the difficulties of measuring the true scale and impact of the global sports economy, employing a wealth of empirical data to define and analyze the sports market and all its sub-sectors. In doing so, the book draws on case studies from the UK, Europe, North America and beyond. This book is essential reading for any student or professional with an interest in the economics of sport.
The Global Economy: A Concise History
by Franco Amatori - Andrea ColliThe Global Economy: A Concise History traces the history of the global economy over the past thousand years. In doing so, it explores all the main waves of globalization, from the trade revolution of the Middle Ages, to the Great and Little Divergence between the West and the East, as well as the North and the South of the world. This book examines the Industrial Revolution and the World Wars, and their respective consequences, as well as the interaction between technological shifts and the transition in geopolitical equilibria. The last chapters are dedicated to an in-depth examination of the transformation which occurred in the global economy after 1989. The chronological structure of the book is designed to help students memorize and understand key events. This book also discusses broader themes, such as convergence–divergence, growth and decline, development, and industrial revolutions. This will make it of interest not only to students and academics, but to all readers wishing to gain a deeper understanding of the history and current state of the global economy.
The Global Economy (True Books)
by Hugh Roome Anne Ross RoomeWith travel and communications at an unprecedented level of speed and efficiency, it is almost as easy today to conduct business with colleagues across the world as it is to dial up a friend who lives down the street. As a result, the global economy is more connected than ever. Readers will discover how the many small economies around the world are linked together into a worldwide web of goods, services, and money.
Global Economy and World Order in the Post-COVID-19 Era
by Zhao JianyingThis volume is jointly written by twenty experts and scholars from China. It aims to reflect and answer at least two kinds of questions from historical experience and academic perspective. First, how to view the world in the post-pandemic era? Second, how to view China in the post-pandemic era? From the perspective of macroeconomics and international relations, the book discusses in detail the trend of economic globalization, the risk of global economic recession, the industrial chain affected by the COVID-19 pandemic, the world order in the post-pandemic era, global governance, and relations between and among major world powers. This book presents Chinese scholars' in-depth and timely reflections on the international pattern of the post-pandemic era. It will be a great read for students and scholars of international relations, East Asian studies, and those interested in the world economy in general.
Global Economy Contested: Power and Conflict across the International Division of Labour (Rethinking Globalizations Ser. #Vol. 14)
by Marcus TaylorAlthough much has been written on the topic of economic globalization, few volumes examine the social foundations of the global economy in a way that puts power and contestation at the forefront of the analysis. This book addresses this gap by emphasizing the contested social processes that underpin global production chains and financial structures
Global Economy, Global Justice: Theoretical and Policy Alternatives to Neoliberalism (Routledge Studies in Contemporary Political Economy)
by George DeMartinoThis text presents a devastating critique of the currently fashionable idea of globalisation. Using comprehensive and non-technical language this book looks at the world's cultural and value diversity, and questions whether it is possible to impose a global policy, given these differences. Topics covered include:* theories of distribution and welfare* what leads to a good economic outcome?* Egalitarian theories of welfarism* global neoliberalism and the free market culture.
The Global Economy in Turbulent Times
by See-Yan LinThis book covers the world economy, in particular US, EU, Japan & the international monetary system - what's wrong with it; the key issues underlying its inadequacy; and what can be done about it. It concentrates on Asia, covering the emerging East Asia, ASEAN and BRICS nations. It also outlines the author's personal views on global demography, the need for quality education; and the emerging middle-class. The book ends with some observations on corporate governance in Malaysia and some thoughts on CSR & management in general.
The Global Economy, National States and the Regulation of Labour (Routledge Studies in Employment and Work Relations in Context)
by Paul Edwards Tony ElgerFirst published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.
Global Ecopolitics Revisited: Towards a complex governance of global environmental problems
by Philippe Le PrestreFaced with worsening environmental indicators, cooperation hurdles, and the limited effectiveness of current institutions, reforming international environmental governance has proven elusive, despite various diplomatic initiatives at the United Nations level over the last two decades. Overcoming the current dead end, however, may rest less in devising new arrangements than in challenging how the problem has been approached. Presenting a multifaceted exploration of some of the key issues and questions in global ecopolitics, this book brings together recent advances in research on global environmental governance in order to identify new avenues of inquiry and action. Each chapter questions elements of the current wisdom and covers a topic that lies at the heart of global environmental governance, including the reasons for engagement, the evolving relationship between science and policy, the potential and limits of the European Union as a key actor, the role of developing and emergent countries, and the contours of a complex governance of international environmental issues. Laying the foundation for rethinking at a time of great transformation in global ecopolitics, this book will be important reading for students of environmental politics and governance. It will also be of relevance to policy makers with an interest in going beyond the prevailing discourse on this crucial topic.
Global Efforts to Combat Smoking: An Economic Evaluation of Smoking Control Policies
by Rajeev K. GoelTobacco is reported to be the second major cause of death in the world and there is ever-increasing interest in the costs of smoking, especially in the light of evidence of the health effects of second-hand smoke. This book brings together the findings of economists on the effectiveness of price and non-price policy initiatives to combat smoking and draws conclusions regarding the efficacy of the various policy measures. The authors evaluate the relative effectiveness of price-based smoking control policies (i.e. tax) in relation to non-price strategies (including advertising restrictions, sales restrictions, territorial restrictions and health warnings). They review evidence not only from the US but also from around the world, drawing important conclusions for developing countries where smoking is on the rise. The book will be essential reading for policy makers, health practitioners and researchers in health economics.
The Global Emerging Market: Strategic Management and Economics
by Vladimir KvintDespite the growing importance of the global emerging market (GEM) for the world’s business, economies, and politics, it has received a relatively scant amount of academic attention in business and economics courses. This textbook is the first to focus on the GEM and its strategic and economic characteristics. The Global Emerging Market: Strategic Management and Economics describes the fundamental economic base and trends of the global marketplace (GMP) as well as business and management development for the conditions of emerging-market countries (EMCs). Focusing on the formation of a strategic mindset and the decision making process, it explains how to analyze the basic economic factors and the global order, especially in times of crisis. This text also explains how to classify countries related to this new market of tremendous opportunities. Furthermore, the book includes recommendations on how to develop entry and exit strategies for the GEM, work in it and create efficient management systems. Features include: Extensive tables, charts, and graphs illustrating the strategic considerations of the GMP and the GEM End-of-chapter study questions Practical examples based on the author’s involvement in the development of the GEM, from both sides of the international transactions This academic book is the ideal guide for current business leaders and students on how to make strategic, symmetric, and asymmetric time-sensitive decisions related to the GEM.
The Global Empire: Futurica Trilogy 2
by Jan Söderqvist Alexander BardWhen the foundations of society goes through revolutionary changes, caused by new communication technologies, there will be consequences. <P><P> The old political conflicts and the old political ideologies disappear, replaced by new patterns that initially will be difficult to discern and to interpret...
Global Energy Assessment
by Nebojsa NakicenovicThe Global Energy Assessment (GEA) brings together over 300 international researchers to provide an independent, scientifically based, integrated, and policy-relevant analysis of current and emerging energy issues and options. It has been peer-reviewed anonymously by an additional 200 international experts. The GEA assesses the major global challenges for sustainable development and their linkages to energy; the technologies and resources available for providing energy services; future energy systems that address the major challenges; and the policies and other measures that are needed to realize transformational change toward sustainable energy futures. The GEA goes beyond existing studies on energy issues by presenting a comprehensive and integrated analysis of energy challenges, opportunities and strategies, for developing, industrialized and emerging economies. This volume is an invaluable resource for energy specialists and technologists in all sectors (academia, industry, and government) as well as policymakers, development economists and practitioners in international organizations and national governments.
Global Energy Demand and 2-degree Target, Report 2014
by Valentin CrastanThis report takes a neutral and independent point of view in attempting to show concrete ways to achieve the goal of reducing CO2 emissions and limiting global warming to the 2-degree target. It presents an overall picture spanning all key countries. In the report, the temporal evolution of the main parameters is given from 1970 to 2011 for all regions of the world and all G-20 countries, starting from the basic data, gross domestic consumption. The parameters are then extrapolated to 2030, taking into account current trends, local factors and the requirements of the 2-degree climate target. An important basis is the structure of the current energy consumption and energy flows of all regions of the world and all G-20 countries, which is analyzed in the appendix in detail and reproduced as clearly as possible. The reports from climate science make it clear that with a greater level of warming, adaptation is the more expensive option. Compliance with the 2-degree climate target is a challenge, but not impossible. The book is intended not only for the scientific community but also for decision makers in government and industry.