Global Economic Prospects 2009 ePub (Adobe DRM) download by World Bank

Global Economic Prospects 2009

World Bank Publications
Publication date: December 2008
ISBN: 9780821378014
Digital Book format: ePub (Adobe DRM)

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The eruption of the worldwide financial crisis has radically recast prospects for the world economy. Global Economic Prospects 2009 analyzes the implications of the crisis for low- and middle-income countries, including an in-depth look at long-term prospects for global commodity markets and the policies of both commodity producing and consuming nations. Developing countries face sharply higher borrowing costs and reduced access to capital, cutting into their capacity to finance investment spending. The looming recession presents new risks, coming as it does on the heels of the recent food and fuel crisis. Commodity markets, meanwhile, are at a crossroads. Following decades of low prices and weak investment in supply capacity, commodity prices first spiked and have now plummeted in response to the financial crisis. In the longer run, commodities are not expected to be in short supply. Prices should be higher than they were in the 1990s but much lower than in the recent past. These higher prices should provide producers with sufficient incentive to discover new supplies, improve output from existing resources, and promote greater conservation and substitution with more abundant alternatives. At the same time, slower population growth will ease the pace at which commodity demand grows. Policies to limit carbon emissions and boost agricultural investment, along with the dissemination of efficient techniques, should also contribute to this long-term outcome. This year's Global Economic Prospects also looks at government responses to the recent price boom.
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Global Economic Prospects 2009 ePub (Adobe DRM) download by World Bank
World Bank Publications, December 2008
ISBN: 9780821378014
EAN:  9780821378014
ePub (Adobe DRM)
List Price: $29.99 eBook price: $27.99
Global Economic Prospects 2009: Commodities at the Crossroads PDF (Adobe DRM) download by World Bank
World Bank Publications, December 2008
ISBN: 9780821378014
EAN:  9785551980094
PDF (Adobe DRM)
List Price: $38.00 eBook price: $34.99
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