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Trade and Development Report 1993

image of Trade and Development Report 1993

The focus of the report is the functioning and interaction of all the different constituent parts of the world economy and of related dimensions of national and international policy. Special attention is given to issues of concern to developing countries. The coverage includes the movements of macroeconomic aggregates in developed and developing countries and in the economies of transition, international trade and trade policies and financial and commodity markets.

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International trade and commodity markets

International trade has recently been affected by structural and policy-driven changes as well as by macroeconomic developments in the world economy. The latter include the recession and large currency misalignments and realignments; and the former include: the collapse of the political and economic systems of the former socialist countries of Eastern Europe, including the USSR; the unification of Germany; initiatives regarding regional trading blocs, new environmental policies; trade conflicts and selective protectionism in OECD countries; policies in many developing countries aimed at liberalizing trade and expanding exports; increased productivity in the supply of many primary commodities; the military conflict in the Persian Gulf; and the emergence of China as a major participant in world trade.

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