World Economic and Social Survey 1997

Trends and Policies in the World Economy

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Authoritative and reliable, the Survey is a detailed assessment of the state of the world’s economic and social situation. Its forecasts for the upcoming year and lucid description of national and international economic policies, emerging issues and trends make it ideal for those engaged in international trade. As a special focus in this year’s edition, the Survey addresses four long-term issues of importance to the international community: the economics of the resurgent global tuberculosis crisis, how the international arms trade has changed since the end of the Cold War, recent trends in international travel as a dimension of world economic integration and prospects for global emissions of CO2 under different outlooks for policy and technical change.



The international economy

“The open-economy” strategies being followed today by developed, developing and transition economies require an enabling international economic environment, one whose dynamism creates the occasion for faster economic growth and whose liberalism opens more opportunities and closes fewer of them to the entrepreneurial elements in all the countries of the world. Recent and prospective international flows of trade, direct investment and finance suggest that a global dynamism is continuing to build, although the 1996 trade developments were a reminder that the international environment is subject to slowdowns and downturns as well as accelerations and upturns. In addition, the continuing concentration of fmancial flows on a limited number of countries underlines how the benefits of the liberal model are not being spread broadly enough among countries at different stages of development or economic adjustment.


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