Trade and Development Report 2000

Global Economic Growth and Imbalances

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A valuable resource for those involved in international business and economic development, the Trade and Development Report (TDR) 2000, issued by the United Nations Conference on Trade and Development (UNCTAD), examines current performance and prospects in the world economy. Held in high regard by political decision makers and researchers the world over, the Report this year examines whether the current recovery in the global economy is built on solid foundations. It asks how the promise of an economic future underpinned by new technologies stands with the growing instability and uncertainty of market-driven globalization. The Report also looks at the elements of the East Asian recovery and considers policy options likely to bring about sustainable growth and development.



International markets

The deep recession and rapid recovery in emerging markets, together with the diverse movements of commodity prices, including oil, have given rise to sharp swings in international trade flows over the past few years as well as to considerable shifts in the commodity terms of trade. The widespread decline in economic activity during 1997–1998 was accompanied by a sharp slowdown in the growth of world trade volumes and, because of falling prices, an absolute decline in the value of world trade. The decline in trade in 1998 was discernible in varying degrees in all developing regions and in the transition economies, but it was especially sharp for African exports and Asian imports.


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