F O R E W O R D
To analyze these problems, the report employs a series of projections and simulations built around a central scenario of the evolution of the global economy. The objective of the scenario-based approach is to analyze the benefits and stresses of integration. The purpose is not to predict the future—the actual numbers for global or country performance may turn out to be higher or lower—but to think about dynamics in the global economy in a coherent analytical framework. Focusing on the future helps bring into sharper relief the choices facing policy makers in managing global integration today.
National policy makers must decide how best to respond to globalization—because the growth and long-term competitiveness of their countries are at stake. And international policy makers must devise ways for nations to work together to ensure that growth is sustained and widely shared, and does not cause irreparable damage to the environment.
François Bourguignon Senior Vice President and Chief Economist The World Bank
Managing the Next Wave of Globalization