TABL证OF CONTENTS 4. ECONOMY 5.STATES AND MARKETS Introduction 185 Introduction 259 Tables Tables 03 Recent economic performance 188 51 Private sector in the economy 264 Growth of output 190 52 Investment climate:enterprise surveys 268 4.2 Structure of output 194 53 Business environment:Doing Business indicators 272 43 Structure of manufacturing. 198 Stock markets 276 4.4 Structure of merchandise exports 202 5.5 Financial access,stability,and efficiency 280 4.5 Structure of merchandise imports 206 58 Tax policies 284 4.5 Structure of service exports 210 Defense expenditures and arms transfers 288 41 Structure of service imports 214 Public policies and institutions 292 4 Structure of demand 218 50 Transport services 296 4道 Growth of consumption.investment,and trade 222 50 Power and communications 300 4.0 Central government finances 226 5.1 The information age 304 411 Central government expenses 230 Science and technology 308 4位 Central government revenues 234 43 Text figures,tables,and boxes Monetary indicators 238 5a Exchange rates and prices 242 Governance and growth go together 260 4.15 Criteria for measuring economic and sector policies and Balance of payments current account 246 governance system Extemal debt 250 260 4.7 Debt ratios 254 The IDA Resource Allocation Index is a key element of a country's IDA performance rating 261 Text figures,tables,and boxes On public sector management,countries bunch around 4 Developing economies increase their share of global output 185 the middle 262 Growth is accelerating in the low-income economies 186 Strong performance on economic management,weaker on 40 Patterns of regional growth vary widely 186 public sector management 262 Inflation is now less than 10 percent in all developing regions 186 Worldwide Govemance Indicators-Six key dimensions Economies with high growth rates generally have lower rates of governance 262 of inflation 186 Other selected sources of data for monitoring governance 263 Top 10 economies with largest reserves 187 More reserves to cover debt 187 Manufacturing continues to show strong growth in East Asia 201 4.43 Developing economies'share of world merchandise exports continues to expand 205 4.5a Top 10 developing country exporters of merchandise in 2005 209 4.i Top 10 developing country exporters of commercial services in2005 213 47 The mix of commercial service imports by developing countries is changing 217 433 Investment is rising rapidly in Asia 225 4.10 Fourteen developing economies had a cash deficit greater than 4 percent of GDP 229 面 Interest payments are a large part of government expenses for some developing countries 233 4.122 Rich countries rely more on direct taxes 237 4.15的 Top 15 economies with the largest current account surplus- and top 15 economies with the largest current account deficit in 2005 249 4.16 External debt started to decline in the Sub-Saharan African economies in 2005 253 417a The debt burden of Sub-Saharan Africa rose slightly in 2005. after falling 257 2007 World Development Indicators2007 World Development Indicators 4. economy table of contents 5. states and markets Introduction 185 Tables 4.a Recent economic performance 188 4.1 Growth of output 190 4.2 Structure of output 194 4.3 Structure of manufacturing 198 4.4 Structure of merchandise exports 202 4.5 Structure of merchandise imports 206 4.6 Structure of service exports 210 4.7 Structure of service imports 214 4.8 Structure of demand 218 4.9 Growth of consumption, investment, and trade 222 4.10 Central government finances 226 4.11 Central government expenses 230 4.12 Central government revenues 234 4.13 Monetary indicators 238 4.14 Exchange rates and prices 242 4.15 Balance of payments current account 246 4.16 External debt 250 4.17 Debt ratios 254 Text figures, tables, and boxes 4a Developing economies increase their share of global output 185 4b Growth is accelerating in the low-income economies 186 4c Patterns of regional growth vary widely 186 4d Inflation is now less than 10 percent in all developing regions 186 4e Economies with high growth rates generally have lower rates of inflation 186 4f Top 10 economies with largest reserves 187 4g More reserves to cover debt 187 4.3a Manufacturing continues to show strong growth in East Asia 201 4.4a Developing economies’ share of world merchandise exports continues to expand 205 4.5a Top 10 developing country exporters of merchandise in 2005 209 4.6a Top 10 developing country exporters of commercial services in 2005 213 4.7a The mix of commercial service imports by developing countries is changing 217 4.9a Investment is rising rapidly in Asia 225 4.10a Fourteen developing economies had a cash deficit greater than 4 percent of GDP 229 4.11a Interest payments are a large part of government expenses for some developing countries 233 4.12a Rich countries rely more on direct taxes 237 4.15a Top 15 economies with the largest current account surplus— and top 15 economies with the largest current account deficit in 2005 249 4.16a External debt started to decline in the Sub-Saharan African economies in 2005 253 4.17a The debt burden of Sub-Saharan Africa rose slightly in 2005, after falling 257 Introduction 259 Tables 5.1 Private sector in the economy 264 5.2 Investment climate: enterprise surveys 268 5.3 Business environment: Doing Business indicators 272 5.4 Stock markets 276 5.5 Financial access, stability, and efficiency 280 5.6 Tax policies 284 5.7 Defense expenditures and arms transfers 288 5.8 Public policies and institutions 292 5.9 Transport services 296 5.10 Power and communications 300 5.11 The information age 304 5.12 Science and technology 308 Text figures, tables, and boxes 5a Governance and growth go together 260 5b Criteria for measuring economic and sector policies and governance system 260 5c The IDA Resource Allocation Index is a key element of a country’s IDA performance rating 261 5d On public sector management, countries bunch around the middle 262 5e Strong performance on economic management, weaker on public sector management 262 5f Worldwide Governance Indicators—Six key dimensions of governance 262 5g Other selected sources of data for monitoring governance 263 WDI07 frontmatter.indd 10 3/25/07 12:17:54 PM