"we... believe that the huge
majority of the world's people are by now bitterly opposed to neo-con policies, which make
a total mockery of the basic principles of freedom and democracy. We, therefore, propose
a..."
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academic site promotes excellence in teaching and researching economics
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and the advancing of describing, understanding, explaining and theorizing. (Róbinson Rojas)
Tables
5.1 Private sector development 270
5.2 Investment climate 274
5.3 Business environment 278
5.4 Stock markets 282
5.5 Financial depth and effi ciency 286
5.6 Tax policies 290
5.7 Relative prices and exchange rates 294
5.8 Defense expenditures and arms transfers 298
5.9 Transport services 302
5.10 Power and communications 306
5.11 The information age 310
5.12 Science and technology 314
Text figures and boxes
5a Policy uncertainty dominates the investment climate concerns of fi rms 268
5b Challenges in measuring the investment climate 269
5.1a Latin America and the Caribbean still has the highest investment levels, but activity
has declined for the fifth consecutive year 273
5.9a World airline passenger traffic is expected to rebound in 2004 after two years of
stagnation 305
5.10a Mobile phone access outpaced fixed-line access in some developing country regions in
2003 309
5.11a Six of the top ten world spenders on information and communications technology are
developing economies 313