1945

The changing orientation of international cooperation for development

In tlie preceding three chapters, the effort was made to characterize important aspects of policy-making in three analytically distinct groups of countries. In each case, policy-making was seen to he somewhat different than it had been several years earlier and one could identify loci of innovation within each group of countries. The policies discussed were all domestic, albeit within a context of economies that are increasingly open to international trade and financial flows. However, policy has also been evolving in the realm of international economic cooperation. The present chapter looks at a selection of international arrangements among Governments in the trade and financial arenas that wholly or in part aim to promote economic development. That is to say, this chapter looks at the results for developing countries of the Uruguay Round of multilateral trade negotiations that were held under the General Agreement on Tariffs and Tirade (GATT) from 1986 to 1993, and at the provision of official finance for development by the industrialized countries in recent years.

Related Subject(s): Economic and Social Development
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