Trade and Development Report 1986

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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 depression of the 1980s and the setback to economic and social development

The 1980s have been marked by the widespread collapse of the development process. This collapse has been characterized by financial disorder and extended periods of negative or negligible growth in most developing countries, entailing high costs in terms of social stagnation and, in some cases, regression. Moreover, the effects on investment in productive capacity, infrastructure and social services call into question the future ability of many countries to respond to the needs of their populations and to bring about the changes in the structure of production necessary to restore growth and development.


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