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Global Economy
India, China Drivers Of Global Economic Growth: World Bank
"At a time when the world is reeling under financial crisis, India and China have emerged as drivers of global economic growth, the World Bank said Wednesday. 'China and India have emerged in recent years as drivers of global economic growth, accounting for 2.9 percentage points of the five percent growth in global output in 2007,' the World Bank said in its latest World Development Indicators (WDI) 2009...." [Press Trust of India/Factiva]
NOTIMEX says that according to the WDI 2009 "...Latin America and the Caribbean have greater net migration than all the developing countries.... Migration to high-income countries totaled 18.5 million people between 2000 and 2005...." [NOTIMEX (Mexico)/Factiva]
While AFP reports that the WDI 2009 writes "...the fact that the US economy was financed by developing countries during the world-wide period of strong economic growth is one of the causes of the present world crisis...." [Agence France Presse/Factiva]
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