Trade and Development Report 1987

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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.



Recent developments in international capital markets

In 1986, as in 1985, there was a vigorous expansion of private international lending. The expansion of 1986 included not only bond issues and Furonote facilities but also syndicated bank loans (the only one of these three categories which failed to increase in 1985), As a result net lending (excluding the effects of exchange-rate movements) in the form of international security issues and changes in the external claims of banks in the reporting area of the Bank for International Settlements (BIS) increased from S175 billion in 1985 to $240 billion in 1986.


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