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Trade and Development Report 2003

Capital Accumulation, Growth and Structural Change

image of Trade and Development Report 2003

Trade and Development Report 2003 offers a distinct perspective on global economic trends and prospects and raises some disturbing questions about the frail state of the trade-development nexus - particularly critical in the aftermath of Cancún. It traces the difficulties back to the surges in global trade and financial flows in the 1990s and warns that pushing liberalization at a time of sluggish global growth and unemployment runs the danger of rekindling mercantilist reactions in advanced countries and false expectations in developing countries.

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Explanatory notes

The classification of countries in this Report has been adopted solely for the purposes of statistical or analytical convenience and does not necessarily imply any judgement concerning the stage of development of a particular country or area.

English

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