From  The World Bank Group 
        Global Development Finance 2007 
        The globalization of corporate finance in developing countries 
                              Published May 29, 2007 
    WORLD GROWTH IS MODERATING, and financial markets are signaling a
    turn in the financing conditions facing the developing world. As these
    developments make themselves felt, 2007 is likely
    to be a year of adjustment for capital flows to developing countries. 
   After recovering from the sharp contraction of 2001–02, private flows
 weathered several episodes of global financial volatility
 and passed through a full cycle of global monetary easing and tightening
 to reach a record level of $647 billion in 2006, up 17 percent from 2005. Total
 capital flows, including lending by official creditors, leveled off
 at 5 percent of gross domestic product (GDP) in 2005–06, just below the 5.25
percent level reached in 1995–97, before the East Asian crisis. Overview: 
   English  
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  Complete report as one 
                                file 
Table of Contents, Foreword, 
                                Acknowledgements and 
                                Abbreviations 
Overview  
Chapter 1: The Outlook for Developing 
                                Economies 
 
 Chapter 2: Financial Flows to Developing Countries: Recent Trends and 
                                Prospects 
Chapter 3: The Globalization of Corporate 
                                Finance in Developing Countries 
Appendix: Regional 
                                Outlooks 
   
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