Trade and Development Report 2001

Global Trends and Prospects, Financial Architecture

image of Trade and Development Report 2001

The world economy is staring into a dangerous precipice; many see uncomfortable parallels with the period between the two world wars. Excessive financial liberalization has created a world where global private financial flows have broken free from multilateral supervision and regulation. Systemic instability and recurrent crises have followed and so far international policy makers have failed to find effective answers. This disturbing scenario provides the backdrop to the Trade and Development Report 2001. Part one of the report sets out to answer some key questions about the health of the world economy while part two takes a hard look at efforts to reform the international financial architecture.




International economic issues touch the lives of people everywhere. Whether grappling with the challenges posed by new information technologies, seeking to draw policy lessons from financial crises in emerging markets, or assessing the possible impact of China’s entry into the World Trade Organization, we look to economics as a guide in our rapidly changing world. The poorest nations especially require a clear economic road map if they are to make progress against the persistent problems of hunger, ill health and social insecurity.


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