Development policy and international economic cooperation

In 1999, the world economy began to show signs of recovery from the aftermath of the financial crises in Asia and the Russian Federation and the uncertainties related to Brazil. Overall, world growth expanded by 2.6 per cent, a notable improvement over the 1.8 per cent of 1998. The rate of growth in the developing countries—which had borne the brunt of the previous year’s economic slowdown—increased from 1.3 per cent in 1998 to over 3 per cent in 1999. However, on a per capita basis, growth in output was marginal and considerably less than in the industrialized economies, where the strong performance of North America was a critical factor underlying the global acceleration.

Related Subject(s): United Nations
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error