Strong growth in developing economies Real GDP annual percent change Forecast 2008 Source: World Bank Average growth rate 1980s 2000s 1990s.

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Presentation transcript:

Strong growth in developing economies Real GDP annual percent change Forecast 2008 Source: World Bank Average growth rate 1980s 2000s 1990s

A turning point in global imbalances Current account balance, billions of dollars, 2002 and 2006, 2008 Source: World Bank

Globalization increases developing countries share in world trade US$2001 trln. Source: World Bank simulations with Linkage model. Exports from developing and developed countries, Developing countries High-income countries $27 trln 32% 45% 22%

Globalization to triple developing members in global middle class South Asia Europe & Central Asia East-Asia Individuals residing in a developing country earning a middle income (million) Latin America Middle East Africa