World

contiguous zone:

24 nm claimed by most, but can vary

continental shelf:

200-m depth claimed by most or to depth of exploitation; others claim 200 nm or to the edge of the continental margin

exclusive fishing zone:

200 nm claimed by most, but can vary

exclusive economic zone:

200 nm claimed by most, but can vary

territorial sea:

12 nm claimed by most, but can vary

note: boundary situations with neighboring states prevent many countries from extending their fishing or economic zones to a full 200 nm; 43 nations and other areas that are landlocked include Afghanistan, Andorra, Armenia, Austria, Azerbaijan, Belarus, Bhutan, Bolivia, Botswana, Burkina Faso, Burundi, Central African Republic, Chad, Czech Republic, Ethiopia, Holy See (Vatican City), Hungary, Kazakhstan, Kyrgyzstan, Laos, Lesotho, Liechtenstein, Luxembourg, Malawi, Mali, Moldova, Mongolia, Nepal, Niger, Paraguay, Rwanda, San Marino, Slovakia, Swaziland, Switzerland, Tajikistan, The Former Yugoslav Republic of Macedonia, Turkmenistan, Uganda, Uzbekistan, West Bank, Zambia, Zimbabwe

Growth in global output (gross world product, GWP) dropped to 2% in 1998 from 4% in 1997 because of continued recession in Japan, severe financial difficulties in other East Asian countries, and widespread dislocations in the Russian economy. The US economy continued its remarkable sustained prosperity, growing at 3.9% in 1998, and accounted for 22% of GWP. Western Europe's economies grew at roughly 2.5%, not enough to cut deeply into the region's high unemployment;

these economies produced 21% of GWP. China, the second largest economy in the world, continued its rapid growth and accounted for 11% of GWP. Japan posted a decline of 2.6% in 1998 and its share in GWP dropped to 7.4%. As usual, the 15 successor nations of the USSR and the other old Warsaw Pact nations experienced widely different rates of growth.

Russia's national product dropped by 5% whereas the nations of central and eastern Europe grew by 3.4% on average. The developing nations varied widely in their growth results, with many countries facing population increases that eat up gains in output. Externally, the nation-state, as a bedrock economic-political institution, is steadily losing control over international flows of people, goods, funds, and technology.

Internally, the central government finds its control over resources slipping as separatist regional movements--typically based on ethnicity--gain momentum, e.g., in the successor states of the former Soviet Union, in the former Yugoslavia, in India, and in Canada. In Western Europe, governments face the difficult political problem of channeling resources away from welfare programs in order to increase investment and strengthen incentives to seek employment.

The addition of more than 80 million people each year to an already overcrowded globe is exacerbating the problems of pollution, desertification, underemployment, epidemics, and famine. Because of their own internal problems, the industrialized countries have inadequate resources to deal effectively with the poorer areas of the world, which, at least from the economic point of view, are becoming further marginalized.

In 1998, serious financial difficulties in several high-growth East Asia countries cast a shadow over short-term global economic prospects. The introduction of the euro as the common currency of much of Western Europe in January 1999 poses serious economic risks because of varying levels of income and cultural and political differences among the participating nations. (For specific economic developments in each country of the world in 1998, see the individual country entries.)