Trade and Development Report 2017

Beyond Austerity - Towards a Global New Deal

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The Trade and Development Report (TDR), launched in 1981, is issued every year for the annual session of the Trade and Development Board. The Report analyses current economic trends and major policy issues of international concern, and makes suggestions for addressing these issues at various levels. This year’s Report focuses on the challenges for achieving inclusive growth in an era of austerity, hyper globalization and financial fragility. It includes chapters on robotics, gender and employment, finance and inequality, and the growing market power of non-financial corporations. It concludes by calling for Global New Deal, and the sorts of policy components it must include in light of the analyses provided.



Inclusive growth: Issues at stake

Anxiety is fast becoming a new zeitgeist of the twenty-first century global economy. While the sources of anxiety among those disillusioned with globalization are well known, if not fully understood, recent events have raised considerable alarm amongst its proponents. Any sign of rising trade protection, or talk of currency wars or stricter controls on migration, have been interpreted as the start of a dangerous race to roll back the open global economic order built over the previous seven decades. Some are even warning of a return to the kind of economic and political chaos witnessed during the interwar years.


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