Trade and Development Report 2005
Hide / Show Abstract

Trade and Development Report 2005

New Features of Global Interdependence

The world economy is still expanding, but there are serious risks of a setback. Several populous Asian countries, in particular China and India, have emerged as new engines of economic growth. Thanks to their vigorous expansion and their appetite for natural resources, many of their developing-country trade partners have reaped windfall profits from rising commodity prices and from surging demand for intermediate products. Some dark clouds are looming over this rather rosy horizon. Oil prices are historically high and place a huge burden on many developing countries. And there has been no multilateral action that might gently defuse global current-account imbalances. The Trade and Development Report recommends that international initiatives to alleviate poverty and reach the MDGs should not ignore the importance of a smooth unwinding of global economic imbalances that will allow the Asian Miracle to continue, along with its positive repercussions for other less wealthy countries.

Click to Access: 
    http://oecd.metastore.ingenta.com/content/637ef5e6-en.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/international-trade-and-finance/trade-and-development-report-2005_637ef5e6-en
  • READ
 
Chapter
 

Foreword You do not have access to this content

English
Click to Access: 
    http://oecd.metastore.ingenta.com/content/fa048a6e-en.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/international-trade-and-finance/trade-and-development-report-2005_fa048a6e-en
  • READ
Author(s):
UNCTAD

Hide / Show Abstract

This year’s Trade and Development Report demonstrates that the conditions for achieving the Millennium Development Goal of halving extreme poverty by 2015 have improved considerably over the past three years, as economic growth in the developing world has become more broad-based and embraced many of the poorest countries.