Trade and Development Report 1986

image of Trade and Development Report 1986

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.



Overview by the Secretary-General of UNCTAD

If stagflation, plentiful liquidity and shortages of basic materials were the hallmarks of the 1970s, those of the 1980s have thus far been deflation, financial stringency and glutted markets. The process of deflation began in 1979, but did not stop with the end of the recession in 1982. It has persisted, rendering recovery weak, uneven and hesitant, and prolonging the crisis of debt and development.


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