Capital for the Future
Saving and Investment in an Interdependent World
Format:Paperback
Publisher:World Bank Publications
Published:30th May '13
Currently unavailable, and unfortunately no date known when it will be back
Of all the developments that link present and future generations and tie the world's economies together, none is more influential than how financial capital is allocated across firms, industries, and nations. In both its transnational and intergenerational functions, capital plays an essential role in determining the future course of the world economy and prosperity. The pronounced shift in the global demand for and supply of capital has led to the start of what Global Development Horizons 2013 identifies as the Third Age of Financial Globalization, during which developing countries will become highly integrated into the global financial system-similar to their degree of integration in the international trade system at the present. Looking ahead, several long-term trends are likely to transform patterns of global investment flows:
- 1. the increasing proportion of global growth accounted for by emerging economies
2. demographic changes in both advanced and emerging countries
3. the degree to which a redrawing of the global growth landscape will be associated with trade and logistics patterns different from the existing ones
ISBN: 9780821396353
Dimensions: unknown
Weight: unknown
152 pages