1887

Trade and Development Report 2006

Global Partnership and National Policies for Development

image of Trade and Development Report 2006

Since 2002, world economic expansion has had a strong positive impact on growth and helped support progress towards the United Nations Millennium Development Goals. Most developing countries have benefited from this growth momentum as a result of strong demand for their exports of primary commodities and, to an increasing extent, of manufactures. However, global economic imbalances continue to pose a risk to the outlook of the world economy. Much depends on the ability of developing countries to adopt more proactive policies in support of capital formation, structural change and technological upgrading, and on the latitude available to them in light of international rules and disciplines. The Trade and Development Report 2006 offers relevant ideas and general principles for designing macroeconomic, sectoral and trade policies that can help developing countries to succeed in today’s global economic environment.

English

.

Macroeconomic policy under globalization

Globalization is permanently changing the framework of national macroeconomic policy, offering opportunities as well as posing challenges and constraints. Many developing countries and economies in transition that opened their borders to international trade and private capital flows over the last quarter of a century have experienced crises triggered by the vagaries of the international financial markets. The “creative destruction” expected from the new openness has often been much more destructive than creative, leading to deep recessions and political crises.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error