Trade and Development Report 2005: New Features of Global Interdependence

United Nations Conference on Trade and Development

No 24, Trade and Development Report from United Nations Conference on Trade and Development

Abstract: The 2005 Report examines emerging features of global economic interdependence in the context of strong growth in developing countries, rising commodity prices and widening international imbalances. It analyses the implications of high oil prices, persistent current-account imbalances and changing trade patterns for global growth and stability. Particular attention is given to the influence of growing demand from major developing economies, especially in Asia, on commodity markets and development prospects. The Report evaluates the sustainability of recent growth trends and considers the challenges associated with dependence on primary commodity exports. It also examines the policy measures needed to support structural transformation, industrial diversification and productive investment. The analysis highlights the importance of coordinated macroeconomic policies and international cooperation in managing global imbalances while creating conditions for sustained development and poverty reduction.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:unc:tdrser:24

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