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Forces Reshaping the World Economy
Pages 8-14

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From page 8...
... Likewise, startling changes in high-performance materials, biotechnology, and robotics, and in programming and software applications of every possible kind, have been made possible by the information technology revolution. Second, these information technologies are about information flowing faster, more generously, and less expensively throughout the planet.
From page 9...
... (In the late 1800s, private capital flowed worldwide in this way.) As a result, the scrutiny of the World Bank or the International Monetary Fund (IMF)
From page 10...
... accounted not for a quarter of world GDP but approximately 46-47 percent, rising probably to about 50 percent if the black market economies are included. Moreover, in years past similar growth rates were calculated for both OECD and non-OECD countries.
From page 11...
... No one knows this better than the Colombian flower industry. After managing, over 10 years, to build a successful indeed, miraculous-export business that was selling half a billion dollars a year in cut flowers to the United States, the Colombians are now struggling to defend their market share and their profitability against Dutch and other exporters, who have done a better job of upgrading their flower species, conservation methods, and transportation methods.
From page 12...
... Since World War II, the World Bank Group has financed some 5,000 projects in 140 countries for a total of $300 billion, all based on less than $10 billion of shareholders' capital paid into the IBRD, which is the Group's main vehicle. The shareholders now number 178 near universality.
From page 13...
... OBJECTIVES OF THIS SYMPOSIUM The purpose of the Symposium on Marshaling Technology for Development is to find ways in which the National Academy of Sciences and the World Bank Group can complement each other for the benefit of the developing countries. In such a strategic alliance between these two institutions, the National Academy of Sciences, through its operating arm, the National Research Council, could contribute its knowledge of new technological developments, their potential impacts, and what is needed to implement them.
From page 14...
... But one of the nicest outcomes of this symposium would be an ongoing fruitful relationship between the two sponsoring institutions, the World Bank Group and the National Academy of Sciences.


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