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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 revival of multilateralism

The Uruguay Round involved a major attempt to halt the erosion of the multilateral system caused by the proliferation of "grey area" measures, such as voluntary export restraints and the threat of unilateral action to attain national trade objectives. The first problem has been addressed by the Agreement on Safeguards, which abolishes voluntary export restraints, and the Agreement on Textiles and Clothing, which phases out the M FA

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