Caribbean will dominate global saving and investment says World Bank
May 20, 2013
WASHINGTON, CMC – A new World Bank report predicts that in less than a generation, the Caribbean will be among developing countries dominating global saving and investment.
The World Bank’s Global Development Horizons (GDH) report says that by 2030, half the global stock of capital, totaling US$158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America and the Caribbean accounting for the largest shares.
The report explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.
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