| World Development
        Indicators 2005  - The World Bank Group | 
       
      
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        Table of Contents - Foreword -
        Acknowledgments - Preface - Partners - Users guide  
        Section 1. World View 
        Section 2. People 
        Section 3. Environment 
        Section 4. Economy 
        Section 5. States and Markets 
        Section 6. Global Links 
        Bibliography and Methodology 
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        5.STATES AND MARKETS 
         
        Introduction 267 
         
        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 
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