Trade and Development Report 1981

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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.



The international setting

The international environment facing developing countries at the beginning of the 1980s is highly unfavourable. It is characterized by slow growth in the principal markets for their exports, weakening terms of trade, unusually high costs of borrowing on capital markets and prospects for a reduction in ODA flows in real terms. Moreover, the policy measures of developed market-economy countries to combat inflation have, as a side effect, aggravated the problems of developing countries.


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