World Bank says Carib will dominate global savings and investments

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 report produced by the Bank's Global Development Horizons says that by 2030, half the global stock of capital, totaling $158 trillion in 2010, will reside in the developing world.



It says this is compared to less than one-third today, with countries in East Asia and Latin America and the Caribbean accounting for the largest shares.



With developing countries on course to add more than $1.4 billion people to their combined population by 2030, the report says the full benefit of the demographic dividend has yet to be reaped.



The report titled 'Capital for the Future: Saving and Investment in an Interdependent World', explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.



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