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Trade and Development Report 1994

image of Trade and Development Report 1994

The focus of the report is the functioning and interaction of all the different constituent parts of the world economy and of related dimensions of national and international policy. Special attention is given to issues of concern to developing countries. The coverage includes the movements of macroeconomic aggregates in developed and developing countries and in the economies of transition, international trade and trade policies and financial and commodity markets.

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The World Trade Organization

According to the Punta del Esta Declaration, the Uruguay Round represented a single undertaking, in the sense that partial results limited to certain issues or sectors would not be an acceptable outcome, the intention being to prevent the continued neglect of sectors such as agriculture and textiles in the process of trade liberalization. However, the possible institutional outcome was not addressed. The idea that the Uruguay Round would result in a new international organization was not foreseen in the Punta del Este Declaration; the first proposals to this effect emerged in 1990, several months before the initial date set for the completion of the Round.

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