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Many developing economies are tiny relative to developed economies, and, as long as the recipient country had decent policies in place, an increase of, say, five per cent of the country's G.D.P. would translate into a major alleviation of human suffering.
Financial globalisation has freed many developing economies from the need to go cap in hand to foreign financial markets.
Many developing economies like Brazil are based on commodity exports, and rapidly growing countries like China and India are stoking the global demand for steel, coal and soybeans.
As a result, Campanale added, "many developing economies are choosing clean energy straight away — they're going from no electricity straight to solar.
Rich countries are short of highly skilled workers, and many developing economies lack the basic educational infrastructure to produce a more effective labour force.
Many developing economies are enduring the global recession and financial crisis in relatively solid shape, and their stock markets suffered more than others through little fault of their own, international fund managers say.
Similar(48)
That is not true of many developed economies.
Though pain, as the piece points out, need not mean a full-blown crisis.The second point is a broader one, which applies to many developed economies as well as the emerging world: that in a highly financialised global economy, free movement of capital may inevitably constrain domestic macro policy.
Many developed economies are in recession and the consensus expects 2009 to see falling output in America, the euro zone, Britain and Japan".Global bond yields are sure to be much higher in five years than they are today, but this does not imply that the market currently is in a bubble," says Martin Barnes of Bank Credit Analyst, a research group.
Many developed economies mandate that corporations be run for their public shareholders.
Many developed economies have experienced changes to domestic labour supply as the result of demographic changes (such as decreased availability of teenagers to take on entry-level or low-skilled positions) that have made migrant labour an attractive way to fill employment gaps (Massey et al., 1993).
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