Exports, capital formation and growth

The debt crisis of the early 1980s triggered a critical reassessment of existing development strategies, as a result of which adjustment programmes in many developing countries turned away from more inward-oriented policy approaches. Over the course of the decade, the contrast in economic performance between the newly industrializing East Asian economies and most other developing countries was regarded as a confirmation of the growth potential of more outward-oriented approaches. The impetus given to the liberalization of world trade by the conclusion of the Uruguay Round has underpinned this general reorientation of development strategies.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals