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I. |
Global outlook |
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Some key aspects of
growth in 2004
Regional performance
and outlook
The 2004 oil price
shock in perspective
The
volatility of oil prices
Macroeconomic
effects of higher oil prices
Two
cases of higher oil prices
Longer
term concerns
A turning point for the
global imbalances?
The
impact of the depreciation of the dollar
Restoring
balance in the world economy |
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II. |
International trade |
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Regional trends and outlook
Commodity
prices and markets
Non-oil commodities
World oil markets
Trade policy developments
Doha negotiations: the adoption of a framework agreement
Main areas of the framework agreement
Bilateral and regional trade arrangements burgeon
Implications of ATC Termination
Annex: Developments in non-oil commodity markets |
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III. |
Financial flows to
developing and transition economies |
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Net
transfer of financial resources increases
Private
financial flows: reduced risk premia, but limited flows
Foreign
direct investment recovers
Patterns
of FDI flows are changing
Growth
of FDI in services
International financial
cooperation
Official
flows
Official
development assistance
Official
development cooperation
New
and innovative sources of development finance
Heavily
Indebted Poor Country (HIPC) Initiative and other debt-relief
measures
Multilateral
surveillance
Precautionary
financial arrangements
Crisis
resolution
Financial
regulation and supervision
International
standards and codes
Voice
and participation of developing countries in the Bretton Woods
Institutions
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IV. |
Regional
developments and outlook |
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Developed market
economies
North
America: growing constraints for the United States
Developed
Asia and Pacific: recovery shifts to a lower gear
Western
Europe: Can the recovery be sustained?
The
new European Union members—a strong rebound
Economies in
transition
Southern
and Eastern Europe—retaining growth momentum
Commonwealth
of Independent States: is the boom fading?
Developing
countries
Africa
Western
Asia: windfall oil revenue reinvigorates economic activity
South
Asia: resilience despite slowdown
East
Asia
Latin
America and the Caribbean: Stronger-than-expected recovery
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Annex |
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Statistical tables |
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Boxes |
| II.1 |
Multilateralism, free trade agreements
in Asia and the Pacific: progress, challenges and prospects |
| IV.1 |
Recent trends in Latin American labour
markets |
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Figures |
| I.1 |
Non-fuel commodity price indices,
1970-2003 |
| I.2 |
Exchange rates: Euro/US dollar and
Yen/US dollar, 1998-2005 |
| I.3 |
Oil prices: 1970-2004 (constant 2003
US dollars) |
| II.1 |
Selected economies: trade balances,
2003-2005 |
| II.2 |
Semiconductor shipments, January
2000-September 2004 |
| II.3 |
Prices of primary commodities and
manufactures, January 1999-October 2004 |
| II.4 |
Oil prices and OPEC-10 production
quota, January 2003-November 2004 |
| II.5 |
World oil supply and demand, first
quarter 2003-third quarter 2004 |
| III.1 |
Yield spreads on emerging market
bonds, 1 January 2003-30 November 2004 |
| III.2 |
Bilateral investment treaties and
double taxation treaties concluded, cumulative and year to year,
1990-2003 |
| III.3 |
Outflows of foreign direct investment
from China and India, 1990-2003 |
| III.4 |
Outward stock of global foreign direct
investment, by sector, 1990 and 2002 |
| IV.1 |
Growth of GDP in the EU-12, Japan and
the United States, quarterly, 2002-2004 |
| IV.2 |
Real short-term interest rates in the
EU-12, Japan and the United States, January 1999-October 2004 |
| IV.3 |
Inflation in the EU-12, Japan and the
United States, January 1999-October 2004 |
| IV.4 |
Unemployment rates in the EU-15, Japan
and the United States, January 1999-October 2004 |
| IV.5 |
Growth of GDP and industrial output in
Central Europe and the Baltic States (EU-8), quarterly, 2000-2004 |
| IV.6 |
Growth of GDP and industrial output in
Southern and Eastern Europe, quarterly, 2000-2004 |
| IV.7 |
Growth of GDP and industrial output in
the Commonwealth of Independent States, quarterly, 2000-2004 |
| IV.8 |
Real GDP growth in Africa, 2003-2005 |
| IV.9 |
GDP per capita for Western Asia,
2001-2004 |
| IV.10 |
Inflation in selected South Asian
economies, 2003-2004 |
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Tables |
| I.1 |
Growth of world output and trade,
1995-2005 |
| I.2 |
Frequency of high and low growth of
per capita output, 2002-2004 |
| I.3 |
Total Reserves minus gold: 2000, 2003
and third quarter 2004 |
| II.1 |
The history of international trade in
textiles and clothing |
| III.1 |
Net financial flows to developing
countries and economies in transition, 1993-2004 |
| III.2 |
Net transfer of finance resources to
developing economies and economies in transition, 1995-2004 |
| III.3 |
Foreign direct investment inflows, by
host region and major host economy, 2001-2004 |
| III.4 |
Stock of outward foreign direct
investment, by country groups of origin, 1990 and 2003 |
| III.5 |
Developing economies and territories
with largest stock of outward foreign direct investment, 1990 and
2003 |
| III.6 |
Some definitions of offshoring and
outsourcing |
