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Trade and Development Report 1990

image of Trade and Development Report 1990

The Trade and Development Report (TDR), launched in 1981, is issued every year for the annual session of the Trade and Development Board. The Report analyses current economic trends and major policy issues of international concern, and makes suggestions for addressing these issues at various levels.

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Introduction

One of the principal characteristics of the world economy in recent years has been the rapid pace at which financial activity has grown and become international in character. As restrictions on their movement have been relaxed, funds have increasingly flowed back and forth across national boundaries; and as capital has learned to operate globally, restrictions on its behaviour have progressively lost their force. At the same time, trade in financial services and assets of varying maturities has grown by leaps and bounds, both nationally and internationally, far exceeding the expansion of production and trade in goods.

English

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