From The World Bank Group
Global Development Finance 2007
The globalization of corporate finance in developing countries
Published May 29, 2007
WORLD GROWTH IS MODERATING, and financial markets are signaling a
turn in the financing conditions facing the developing world. As these
developments make themselves felt, 2007 is likely
to be a year of adjustment for capital flows to developing countries.
After recovering from the sharp contraction of 2001–02, private flows
weathered several episodes of global financial volatility
and passed through a full cycle of global monetary easing and tightening
to reach a record level of $647 billion in 2006, up 17 percent from 2005. Total
capital flows, including lending by official creditors, leveled off
at 5 percent of gross domestic product (GDP) in 2005–06, just below the 5.25
percent level reached in 1995–97, before the East Asian crisis. Overview:
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Complete report as one
file
Table of Contents, Foreword,
Acknowledgements and
Abbreviations
Overview
Chapter 1: The Outlook for Developing
Economies
Chapter 2: Financial Flows to Developing Countries: Recent Trends and
Prospects
Chapter 3: The Globalization of Corporate
Finance in Developing Countries
Appendix: Regional
Outlooks
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