World Economic and Social Survey 1999

Trends and Policies in the World Economy

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Part one. State of the World Economy: provides a chronicle of how large parts of the world economy were sent reeling in the past two years by the fragility of financial systems and their international connectedness. On the whole, the world economy seems to have hit bottom and most of the affected countries are moving towards recovery. Part two. Financial Development in the Globalizing World: serves as a contribution to the international discussion on “financing for development”. It seeks to give a perspective on the major changes that have been taking place in recent decades in the banking and financial systems of developed, developing and transition economies.




Each year for over half a century, the United Nations Secretariat takes stock of the world economy. The idea is to look at where we have recently been in order to see where we are going. This year, in addition to its traditional review of the macroeconomic situation, the World Economic and Social Survey tries to put in perspective how the financial sector has been changing around the world and where it is going.


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