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Trade and Development Report 1981

image of Trade and Development Report 1981

This publication identifies the key issues in the global economy and the design of development strategies addressed in the Trade and Development Report over the past three decades, tracing them through its various editions. It shows how ideas, opinions and proposals expressed in the Trade and Development Report, and the analytical approaches used, differed from those of “the mainstream” and their evolution in response to new challenges. This review revisits the concept of interdependence and explains the approach of the reports to macroeconomic and financial policies in both developed and developing countries. It also summarizes development policy failures and successes over the years.

English

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Structural changes in manufacturing output and trade

The growth of industrial output has been the main driving force behind the economic development of developing countries. Over the last 30 years industry has expanded at an accelerating rate and, as its share in total output has grown, it has played an important role in increasing the overall economic growth rate of developing countries. Whereas in 1950 the share of manufactures in the the combined GDP of developing countries was not more than 12 per cent, in 1980 it is estimated to have been around 20 per cent. However, the growth has been unequally distributed among countries, owing to both the particular international environment prevailing in the post-war period and large differences in domestic factor endowment.

English

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