WORLD BANK: World Bank sees 'localization' as major new trend in 21st century.

0 Comments | M2 Presswire, September, 1999

M2 PRESSWIRE-16 September 1999-WORLD BANK: World Bank sees 'localization' as major new trend in 21st century (C)1994-99 M2 COMMUNICATIONS LTD RDATE:150999 * New report says twin forces of localization and globalization will shape future of the world economy WASHINGTON -- Localization -- the growing economic and political power of cities, provinces, and other sub-national entities -- will be one of the most important new trends in the 21st century, according to a new World Bank report released today.

Together with accelerating globalization of the world economy, localization could revolutionize prospects for human development or it could lead to chaos and increased human suffering, the report says. According to the World Development Report 1999/2000:...