## IMF World Economic Outlook (WEO), The Information Technology Revolution, October 2001 -- Contents

_World Economic Outlook, October 31, 2001_

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**Canonical URL:** [IMF World Economic Outlook (WEO), The Information Technology Revolution, October 2001 -- Contents](https://www.imf.org/en/publications/weo/issues/2016/12/31/the-information-technology-revolution)

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## Bibliographic details
- Published: October 31, 2001
- Series: World Economic Outlook

---

### Overview
- The October 2001 World Economic Outlook (WEO) Table of Contents with links to the full text in PDF format
- World Economic Outlook
- The WEO Database October 2001
- Other issues of the World Economic Outlook
- WEO Selected Topics, 1995 - present
- Research at the IMF
- The Information Technology Revolution
- October 2001
- Reports and Related Links:
  - English
  - Read More
- Use the free Adobe Acrobat Reader to view PDF files.

### Front matter and assumptions
- Contents file: 517k pdf
- Sections listed: Assumptions and Conventions; Preface

### Chapter I — Prospects and Policy Challenges (494k pdf file)
- Major chapter headings and country/region questions:
  - How Quickly Can Growth Pick Up in North America?
  - Japan: A Somber Short-Term Outlook, But a New Opportunity for Reform
  - How Serious is the Slowdown in Western Europe?
  - Latin America: How Will Argentina's Crisis Affect the Region?
  - Emerging Asia: Hard Hit by External Shocks
  - Emerging Europe: A Difficult Balance Between Short- and Medium-Term Objectives
  - Commonwealth of Independent States (CIS): Recovery Continues, But Reforms Lag
  - Africa: Support Growth and Poverty Reduction
  - The Middle East: Managing Oil Price Volatility
- Appendices and references:
  - Appendix I: Primary Commodities and Semiconductor Markets
  - Appendix II: Alternative Scenarios--How Might Medium-Term Productivity Growth Affect the Short-Term Outlook?
  - References
- Boxes (numbered and titled as listed):
  - 1.1 The Terrorist Attack: Impact on the Global Outlook
  - 1.2 How Much of A Concern is Higher Headline Inflation?
  - 1.3 An Historical Analogy to the Terrorist Attack on the United States: The Kobe Earthquake
  - 1.4 The Japanese Economic Slowdown and East Asia
  - 1.5 Relative Euro-Area Growth Performances: Why are Germany and Italy Lagging Behind France?
  - 1.6 The Growth-Poverty Connection in India
  - 1.7 Economic Growth, Civil Conflict, and Poverty Reduction in Sub-Saharan Africa
- Tables (listed with exact titles and numbering where provided):
  - Overview of the World Economic Outlook Projections
  - Emerging Market Economies: Net Capital Flows
  - Advanced Economies: Real GDP, Consumer Prices, and Unemployment
  - Selected Economies: Current Account Positions
  - Major Advanced Economies: General Government Fiscal Balances and Debt
  - Selected Western Hemisphere Countries: Real GDP, Consumer Prices, and Current Account Balance
  - Selected Asian Countries: Real GDP, Consumer Prices, and Current Account Balance
  - 1.8 European Union Accession Candidates: Real GDP, Consumer Prices, and Current Account Balance
  - 1.9 Commonwealth of Independent States: Real GDP, Consumer Prices, and Current Account Balance
  - 1.10 Selected African Countries: Real GDP, Consumer Prices, and Current Account Balance
  - 1.11 Selected Middle Eastern Countries: Real GDP, Consumer Prices, and Current Account Balance
  - 1.12 Volatility Measures
  - 1.13 Potential Output Growth Rates in the Baseline
  - 1.14 Alternative Scenario: Faster U.S. Productivity Growth
  - 1.15 Alternative Scenario: Immediate Realization of Slower Productivity Growth
  - 1.16 Alternative Scenario: Gradual Realization of Lower Productivity Growth
- Figures (listed with exact titles and numbering where provided):
  - Global Indicators
  - Selected European Union Countries, Japan, and United States: Indicators of Consumer and Business Confidence
  - Global Output, Industrial Production, and Trade Growth
  - Financial Market Developments
  - Net Overseas Aid Disbursement by Major Development Assistance Committee (DAC) Countries
  - United States: A Sharp Slowdown in the Business Sector
  - Japan: Banking and Corporate Sector
  - Euro Area: Weakening Growth, Rising Inflation
  - Selected Western Hemisphere Countries: Overall Public Sector Deficit and Public Debt
  - Selected Asia-Pacific Countries: Weakening Export Growth
  - Emerging Europe: Export Growth
  - Commonwealth of Independent States (CIS): Continuing Recovery But Disappointing Progress on Reform
  - Selected African Countries: Sensitive to Commodity Markets
  - Selected Middle East Oil Producing Countries: Fiscal Restraint Apparent
  - OPEC Target and Actual Production of Oil
  - Commercial Stocks and Prices
  - 1.17 Indices of Commodities
  - 1.18 Semiconductor Sales and Prices
  - 1.19 Illustrative Country Scenario: Productivity Uncertainty
  - 1.20 Impact of Changes in Productivity Growth

### Chapter II — International Linkages: Three Perspectives (377k pdf file)
- Main sections:
  - Business Cycle Linkages Among Major Advanced Economies
  - How Do Fluctuations in the G-7 Countries Affect Developing Countries?
  - The World Trading System: From Seattle to Doha
- Boxes and items:
  - 2.1 Confidence Spillovers
  - 2.2 Channels of Business Cycle Transmission to Developing Countries
  - 2.3 Potential Welfare Gains from a New Trade Round
  - 2.4 Critics of a New Trade Round
- Tables and figures (titles preserved):
  - Cross-Correlations of Output Gaps in Group of Seven (G-7) Countries, 1974–2000 and 1991
  - Trade Interdependence in Group of Seven (G-7) Countries, 1974–2000
  - Foreign Portfolio Assets and Household Wealth in Selected Group of Seven (G-7) Countries
  - International Revenue Diversification of Listed Joint Stock Companies in the Group of Seven (G-7) Countries
  - 2.5 Countries Included in the Developing Country Aggregates
  - 2.6 Output Correlation with the Group of Seven (G-7) Countries
  - 2.7 Developing Countries: Determinants of Output Comovement
  - Common Components in Group of Seven (G-7) Output Gaps
  - Group of Seven (G-7) Countries: Selected Bilateral Output Gap Correlations
  - Group of Seven (G-7) Countries: Asset Market Interdependence
  - Group of Seven (G-7) Countries: Net Foreign Assets
  - Group of Seven (G-7) Countries: Gross Foreign Direct Investment and Portfolio Flows
  - U.S. Asset Markets and Group of Seven (G-7) Countries
  - G-7 Equity Return Linkage
  - 2.8 Output Fluctuations in the Group of Seven (G-7) Countries and Developing Countries
  - 2.9 Output Comovement Between the Developing Countries and the Group of Seven (G-7) Countries
  - 2.10 Trace Developments in Developing Countries and the Cycle in G-7 Countries
  - 2.11 Developing Countries: Net Private Capital Flows
  - 2.12 Stock Returns Comovement Between the Developing and the Group of Seven (G-7) Countries
  - 2.13 World Trade and Developing Countries
  - 2.14 Number of Antidumping Investigations Initiatied
  - 2.15 Selected OECD Countries: Agricultural Producer Support Estimate, 1986–2000

### Chapter III — Past All-Purpose Technological Revolutions (345k pdf file)
- Major themes and subsections:
  - Labor Productivity Growth
  - Who Benefits—Producers or Users?
  - Business Cycle Implications
  - Prospects for the Information Technology Revolution
  - Policy Implications
  - Conclusion
- Boxes and methodological notes:
  - 3.1 Measurement Issues
  - 3.2 Has the U.S. Total Factor Productivity Growth Accelerated Outside of the information Technology Sector?
  - 3.3 Information Technology and Growth in Emerging Asia
  - 3.4 Has the Information Technology Revolution Reduced Output Volatility?
  - 3.5 The Information Technology Slump and Short-Term Growth Prospects in East Asia
- Figures and quantitative items (titles preserved):
  - Contribution of New Technology to Economic Growth
  - Railroad Mileage, 1840–1920
  - Social Savings from Railways
  - Contribution of Information Technology (IT) to the Acceleration in Productivity in the United States
  - Contribution of Information Technology Capital Deepening to GDP Growth in the G-7 Economies
  - 3.6 Contribution of Information Technology (IT) Activities to GDP Growth, 1990–98
  - 3.7 Illustrative Estimates of the Impact of Falling Prices of Information Technology (IT) Goods on GDP, Terms of Trade, and Domestic Demand
  - 3.8 Selected Economies: Indicators of Information Technology (IT) Use
  - United States: Relative Prices of Information Technology Goods
  - Information Technology Investment in the United States
  - Information Technology (IT) Expenditure and Production
  - Initial Phase of Technological Revolutions
  - Demand for Information Technology (IT) Goods and Consumer Surplus
  - Increase in Consumer Surplus, 1992–99
  - Exports of Information Technology (IT) Goods
  - Trade in Information Technology (IT) Goods
  - 3.9 Globalization of Information Technology (IT) Firms
  - 3.10 Stock Prices
  - 3.11 Information Technology (IT) Financing in Advanced Economies
  - 3.12 Short-term Debt to Book Value of Equity
  - 3.13 United States: Evolving Official Estimates of the Output Gap

### Chapter IV — International Financial Integration and Developing Countries (294k pdf file)
- Main topics:
  - Trends in Capital Account Liberalization and Capital Flows
  - The Impact of International Capital Account Liberalization on Growth
  - Sequencing Capital Account Liberalization
  - Policy Considerations
- Annexed analytical items:
  - 4.1 Measuring Capital Account Liberalization
  - 4.2 The Impact of Capital Account Liberalization on Economic Performance
  - 4.3 Foreign Direct Investment and the Poorer Countries
  - 4.4 Country Experiences with Sequencing Capital Account Liberalization
  - Summary Studies on Capital Account Liberalization and Growth
  - Openness of the Capital Account
  - Liberalization and Economic Growth for Developing Countries
  - Liberalization and Private Investment for Developing Countrie
  - 4.5 Liberalization and FDI Spillovers for Developing Countries
  - 4.6 Liberalization and Domestic Financial Development for Developing Countries
  - 4.7 The Benefits of Capital Flows from Stronger Institutions in the 1990s
- Data and tables:
  - Gross Capital Flows
  - Summary of Measures of Capital Account Openness
  - Concentrations of Capital Flows: Largest Developing Country Users
  - Per Capita Growth by Liberalization in Developing Countries
  - Private Investment and Foreign Direct Investment (FDI) Inflows by Liberalization in Developing Countries
  - Financial Development by Liberalization in Developing Countries
  - Volatility of Net Capital Flows and Liberalization
  - 4.8 Growth by Volatility of Gross Portfolio Flows in Countries with Open Capital Markets

### Annex and statistical appendices (544k pdf file)
- Contents:
  - Summing Up by the Acting Chair
  - Statistical Appendix
  - Assumptions
  - Data and Conventions
  - Classification of Countries
  - List of Tables covering:
    - Output (Tables 1–7)
    - Inflation (Tables 8–13)
    - Financial Policies (Tables 14–21)
    - Foreign Trade (Tables 22–26)
    - Current Account Transactions (Tables 27–32)
    - Balance of Payments and External Financing (Tables 33–37)
    - External Debt and Debt Service (Tables 38–43)
    - Flow of Funds (Tables 44)
    - Medium-Term Baseline Scenario (Tables 45–46)
  - Box A1: Economic Policy Assumptions Underlying the Projections for Selected Advanced Countries
  - World Economic Outlook and Staff Studies for the World Economic Outlook, Selected Topics, 1992–2001 (187k pdf file)

*IMF World Economic Outlook (WEO), The Information Technology Revolution, October 2001 — Contents*

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## Content in this bundle

- [Annexpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2001/02/pdf/_annexpdf.pdf){rel="external" type="application/pdf"}
- [Chapter1pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2001/02/pdf/_chapter1pdf.pdf){rel="external" type="application/pdf"}
- [Chapter2pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2001/02/pdf/_chapter2pdf.pdf){rel="external" type="application/pdf"}
- [Chapter3pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2001/02/pdf/_chapter3pdf.pdf){rel="external" type="application/pdf"}
- [Chapter4pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2001/02/pdf/_chapter4pdf.pdf){rel="external" type="application/pdf"}
- [Frontpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2001/02/pdf/_frontpdf.pdf){rel="external" type="application/pdf"}
- [Topicspdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2001/02/pdf/_topicspdf.pdf){rel="external" type="application/pdf"}

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## References

- [The WEO Database October 2001](http://www.imf.org/external/pubs/ft/weo/2001/02/data/index.htm)
- [Other issues of the World Economic Outlook](http://www.imf.org/external/ns/cs.aspx?id=29)
- [WEO Selected Topics, 1995 - present](http://www.imf.org/external/pubs/ft/weo/topics/weoindex.asp)
- [Research at the IMF](http://www.imf.org/external/pubs/res/index.htm)
- [Ordering
Informatio](https://www.imf.org/external/pubs/cat/longres.cfm?sk=15329.0)
- [Disclaimer](https://www.imf.org/external/terms.htm)
- [Adobe Acrobat
Reader](https://www.imf.org/adobe)

_Source: https://www.imf.org/en/publications/weo/issues/2016/12/31/the-information-technology-revolution_