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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 economy: Performance and prospects

The world economy continued to perform poorly in 1993, making it the fourth consecutive year of relatively slow growth. The maintenance of high interest rates in a number of Western European countries and continuing debt deflation and currency appreciation in Japan have largely offset the moderate economic recovery in North America.

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