Capital for the Future: Saving and Investment in an Interdependent World |

Capital for the Future: Saving and Investment in an Interdependent World

Synopsis:

Developing countries’ share in global investment has grown from less than 20 percent to almost 50 percent in the past 15 years and is projected to reach at least 60 percent by 2030. A similar pattern is observed for saving. There are many reasons for this, including demographic forces, productivity catch-up, increasing integration into global markets and sound macroeconomic policies.

The rising investment and saving rates within developing countries, together with the expanding share of developing countries in global GDP, have led to a spectacular dominance by developing countries in global investment dynamics.

This is all happening at a critical juncture in the global economy. Developing countries are pondering strategies for expanding social services amid fiscal pressures emanating from their aging populations and looking to spur domestic economic activity as they seek to reorient and decouple their economies from the malaise still hindering the developed world. There is also a rethinking of the benefits and costs of unbridled capital flows and the need to reform the international financial system.

The report titled 'Capital for the future: saving and investment in an interdependent world' explores patterns of investment, saving and capital flows as they are likely to evolve over the course of the next two decades.

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Speaker(s):

Mr. Hans Timmer, Director, Development Prospects Group, The World Bank
Mr. James Jerome Lim, Senior Economist, Development Prospects Group, The World Bank

Date:
Tuesday, 18 June 2013
Time:
12:15 p.m. - 1:30 p.m.
Venue:

Seminar Room 3-4,
Manasseh Meyer Building,
469C Bukit Timah Road,
Singapore 259772

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