While flows to developing Asia declined, those to Latin America and the Caribbean and Africa rose.
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Even in much of young, vigorous developing Asia the boom seems too precarious for triumphalism.
"Developing Asia's recovery phase remains vulnerable to shocks, " the bank said in its Asian Development Outlook report.
However, developing Asia faces a challenge more fundamental than riding out another cyclical downturn in the West.
Much of what is now happening in Japan awaits many other industrialized countries - and then developing Asia.
Developing Asia will lead the way, growing more than 7% over 2013 and 2014, with China expanding 8% this year.
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China, which accounts for half of the output of developing Asia, is still forecast to grow by 9% next year.
It said GDP for developing Asia, which covers 45 nations, would grow by 6.6% this year and by 6.7% in 2014.
For instance, many people in their 20s and 30s or even older in developing Asia and Latin America live at home well after finishing college.
In the first half of 2012, FDI inflows declined by 11 per cent in developing Asia, despite a strong recovery after the global financial crisis.
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Outside of China and India (which this week reported 8.8% second-quarter growth compared with a year earlier), developing Asia remains heavily dependent on external demand.
The Asian Development Outlook 2009 forecasts that economic growth in developing Asia will slip to 3.4 percent in 2009, down from 6.3 percent last year and 9.5 percent in 2007.
In developing Asia, the dominant banks fear losing their loan book to disintermediation, and governments have failed to prod the banks to develop capital-market alternatives, except in Hong Kong and Singapore.
As the economies of Europe and the U.S. falter, growth in sub-Saharan Africa is expected to reach 5.4% this year, higher than any region except developing Asia, according to the International Monetary Fund.
Traditionally, banks in developing Asia have cared little for the consumer, other than as a cheap source of funds to be shovelled into the maws of the big companies that were their chief customers.
"Rising imports of oil and gas into OECD regions and developing Asia, together with the growing concentration of production in a small number of countries, would increase our susceptibility to supply disruptions and sharp price hikes, " Tanaka said.
Developing East Asia, excluding China, is projected to grow 5.6 percent this year, up from 4.4 percent in 2011.
Continuing strong performances by Indonesia, Malaysia, and the Philippines will boost Developing East Asia, excluding China, to 5.7 percent in 2013 and 5.8 percent in 2014, the Bank said in a press release today.
Again, not surprisingly, agriculture ranks the lowest in geographic distribution, being concentrated mainly in developing economies in Asia.
In big cities, especially those in fast-developing countries in Asia and Latin America, gridlocked traffic is responsible for health-threatening levels of local air pollution.
It thinks its knowledge of advanced mobile networks will prove useful in developing countries in Asia, where such networks are just about to be introduced.
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The progress mobile money ignited in Africa is now making inroads into other continents, particularly in developing economies in Asia, such as India, Bangladesh and Pakistan.
Having spent our first two generations trying to mimic the masters, it dawned on the developing nations of Asia that their third generations were beginning to wonder why.
We anticipate the company to post strong growth in its sales and profits on growth from developing markets including Asia-Pacific, Latin America, the Middle East and North Africa, partially offset by a decline in demand from Europe.
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In developing regions like Asia and Latin America, counterfeits are a growing concern, as many as 30 percent of the drugs sold there are fake and in India, that number is 20% according to the World Health Organization.
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This trend is particularly evident in developing nations in Asia (85 million mobile accounts) and Africa (58 million mobile accounts), where mobile phones have emerged as a means of extending financial services in lieu of an underdeveloped banking system.
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The EPL has cultivated a highly-regarded brand across the globe (the United States, Canada and Mexico are catching up with the rest of the world) and its marketing, merchandise, and cable television deals have made the league accessible throughout the hot-bed, developing parts of Asia.
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It is no secret that Toyota Motors sees the next wave of growth coming from developing markets in Southeast Asia and South America.
In the political arena, UNESCO has led the preparatory process and UNESCO is actively involved in developing regional frameworks for Asia and the Americas.
One priority is to find global partners that will help Chrysler develop small, inexpensive cars for developing markets like Southeast Asia, India and Russia--something that Daimler could not provide through its Mercedes luxury brand.
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