There are an increasing number of middle income developing countries characterized by their world class technologies and rapidly growing economies.

The economies of the developing countries have been growing, on average, more rapidly than those of the developed countries and per capita incomes in developing countries have been rising, particularly in China and India.

Many non Annex I Parties are developing rapidly.

The same is true of economies that are starting to grow rapidly.

The following typology helps explain why some economies grow more rapidly than others.

Developing Economies Long Term Financing Shortfall

And nearly half of the investment flows from Asian developing economies is directed towards other developing economies in the region.

OFDI from developing economies and countries in transition has increased rapidly in recent years, from 147 billion in 1990 to over 1 trillion in 2004 (see figure 1 and table 1). These

Advocates of economic liberalization policies cited the success of the rapidly industrializing East Asian economies.

Europe and Japan are both facing difficult challenges, including rapidly aging populations and sputtering economies.

Emerging economies scale is growing, and their positioning on the global value chain is shifting rapidly.

Within today s booming world economy, most developing countries have been growing rapidly.

Asia s developing economies are soaring, with 9.4 growth.

Both factors were more muted in developing economies.

Foreign direct investment from developing countries to other developing countries seems to be growing more rapidly than that from developed to developing countries.

Globally, but especially for rapidly growing economies, the lesson is simple avoid America s private health care model.

One is the great increase in energy demand from the rapidly growing economies of Asia, particularly China.

The complementarity of the Chinese and US economies is changing rapidly, but it is not declining in significance.

Events are developing rapidly, with new information emerging from various sources since this morning.

Fourth, some developing countries were rapidly building up their capacities in ICT related services.

Rough estimates, however, suggest that outward FDI from developing countries in other developing economies is increasing.

Figure 1. Developing economies OFDI stock by region, 1980 2004

Singapore is an established outward investor among the developing economies.

Rapidly growing catch up economies are paddling furiously to avoid being dragged down by a torrent of capital inflows.

In either case, it is an agenda favored by developed or rapidly emerging countries, which poorer economies cannot afford.

As the US and other advanced economies become less hospitable to developing country exports, rapidly growing emerging markets, help as they may, are unlikely to take up the slack and thus provide ample fuel for export led growth.

The bottom line is that China and India are still large economies, growing rapidly, and consuming massive amounts of resources.

Elsewhere, small, formerly socialist economies Armenia, Belarus, Moldova, Georgia, Lithuania, and Kosovo have grown very rapidly since the early 2000 s.

In line with past experience in emerging economies, excessive market tolerance was rapidly replaced by very pessimistic assessments of debtor prospects.

Of course, developing countries should not simply mimic developed economies tax systems.

Net private capital flows, particularly to developing economies, have become more volatile.

It also supports local economies in developing areas and promotes self reliance.

Therefore, the shares for developing economies in world FDI stock were underestimated.

At the same time, the focus on financial reform in developed economies, while warranted, has contributed to complacency in developing economies.

Well, what should our attitude be towards this world that we see very rapidly developing before us?

The rapidly growing developing countries cannot simply follow the economic growth path that today s rich countries traveled.

In fact, many other rapidly growing emerging economies have suffered and worse than China from the drop in global demand resulting from ongoing retrenchment in high income economies since the 2008 financial crisis.

Slow growth of greenhouse gas emissions in rapidly growing economies must be accompanied by credible promises to deliver massive amounts of assistance in the mighty tasks of industrialization, education, and urbanization that China, India, Mexico, Brazil, and many other developing countries face.

In a rapidly opening global economy, emerging economies learned to access both technology and markets, thereby growing at unprecedented and accelerating rates.

Procurement opportunities for vendors from developing countries and countries with economies in transition

Unless the economies of developing countries grow, they will remain mired in poverty.

Estimated outward FDI stock from developing economies, by sector industries, 1990 and 2002

ICTs are expanding the possibilities of developing economies to participate in international markets.

Developing countries internal trade is expanding with their economic size, and the large ones are restoring growth rapidly.

In 1964, it was the rapidly growing economies of Europe, still catching up to the US, that were howling about the Federal Reserve.