Development policy and international economic cooperation

In 2009, with the world economy mired in the worst financial and economic crisis since the Second World War, most advanced economies were already in recession, and the outlook for emerging and other developing economies was deteriorating rapidly, including those with a recent history of strong economic performance. Key issues in development policy and international economic cooperation for the United Nations included the global recession, including its relation to the food crisis; policy responses, including reform of the international monetary and financial system; and climate change mitigation and development, along with human mobility. The General Assembly reaffirmed the need for the United Nations to play a fundamental role in promoting international cooperation for development, and to continue working towards a new international economic order based on the principles of equity, sovereign equality, interdependence, common interest, cooperation and solidarity among States.

Related Subject(s): United Nations
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