Its semi-annual World Economic Outlook, released on April 20th, predicts overall growth of 3.1% for developing economies in 1999, compared with 3.3% in 1998.
This is the message of an important new book, The Case for Business in Developing Economies, by Ann Bernstein, the founder of the Centre for Development and Enterprise in Johannesburg.
More importantly for this discussion, it raised its 2011 projection for Emerging and Developing Economies GDP growth from 6.4% to 6.5%.
Last year, each economy submitted "individual action plans" mapping out how they would meet APEC targets to achieve free trade by 2010 for developed economies and 2020 for developing ones.
It has been at these levels in both developed and developing economies for about 15 months.
But as we free up the world economy, we must make sure openness delivers the benefits it should for rich economies and developing countries alike.
For emerging economies and developing countries, wireless broadband looks likely to be the platform of choice, bringing services like micro-banking, telemedicine and fast sharing of information in local languages to communities, no matter how isolated.
UN's Conference on Trade and Development reports that sub-Saharan Africa's exports of manufactured goods have risen by an average of just under 6% a year since 1980, less than half the figure for Asia's developing economies .
Following in the footsteps of downgrades by other intergovernmental organizations, the Asian Development Bank cut its growth forecast for Asia's developing economies, including China, India and South Korea, to 3.4%, from 5.6%, marking the slowest pace in a decade.
For, by definition, developing economies are small compared to the global economy.
Developing economies, for example, have a whole decade to cut the value of their export subsidies by 24% and the volume of subsidized exports by 14%.
The major growth in coal came from developing economies, with China accounting for 46% of global coal demand in 2011.
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The debate was also used to give MEPs the chance to question the Commission on the role of the Common Fisheries Policy in developing local economies, such as creating jobs for coastal communities and sustaining traditional cultures.
Developing economies are expected to be a growth hub for mobile devices due to their current low penetration levels especially in non-urban areas.
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Throughout the week there has been constant references to the need for entrepreneurs to be the future engine of both developed and developing economies, but this is the first time we are gathering to discuss effective strategies to make this happen.
For one thing, it thinks that global growth will slow fairly modestly as developing economies continue to expand rapidly.
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The importance of developing regions to multinationals as locations for international production is also evident in the economies they selected as the most likely destinations for their FDI in the medium term.
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Hu reiterated past calls by China for industrialized powers to contribute more to a solution because they polluted more in developing their economies.
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The last big issue for the G20 is what to do about the dramatic collapse in financial flows to developing and emerging economies, the largest of which are represented in the group.
The long-term growth fundamentals for the global energy sector are strong as per capita energy consumption levels in developing and under-developed economies are significantly lower than those in developed economies.
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The BBC's Mark Gregory said the deal was not just for old times' sake, and that Heinz now does much of its business in fast growing, developing economies.
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