Development & Growth, Economic Policy & Development, Economics, Trades & Tariffs, Economic Policy, International Business, Public Policy 

This is an annual assessment of global economic prospects as they affect developing countries. The book analyzes the links between developing countries and the world economy, particularly in the areas of trade, foreign direct investment and other capital flows. It places special emphasis on the Bog Five developing and transition economies in the future of the global economy. This edition addresses the expansion of global production and the costs of making the transition to a more open economy. - from Amzon 

Table of Contents
1. Prospects for Developing Countries in a Fast-Change International Environment ............................................................................................................P. 5
- Global Environment for Developing Countries ..........................................P. 6
Prospects for Developing Regions .............................................................P. 18
Implications of Rapid Growth and Integration of the Big 5 Countries ..............P. 21
Risks to Globalization some Lessons from Integration in the Nineteenth Century
.............................................................................................................P. 30
Notes .....................................................................................................P.32
References ..............................................................................................P. 33
2. Developing Countries and the Globalization of Production ..........................P. 35
What Drives Global Production ...................................................................p. 36
Growth in Global Production ......................................................................P. 39
Impact of Global Production in Developing Countries ....................................P. 44
Policy implications ...................................................................................P. 48
Conclusion ..............................................................................................P. 52
Notes .....................................................................................................P. 52
References ..............................................................................................P. 53
3. Adjusting to Trade Liberalization ............................................................P. 37
The Adjustment Costs of Trade Liberalization ...............................................P. 58
Speed of Adjustment and Labor Market Flexibility .........................................P. 61
Speed Adjustment and Private Investment Response ....................................p. 64
Private Adjustment Costs Political Economy and Social Policy Issues ...............p. 69
Conclusion ..............................................................................................P. 73
Notes .....................................................................................................P. 74
Reference ...............................................................................................P. 75