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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.

English

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Foreword

With the adoption of the Millennium Development Goals, the international community has made a bold commitment to correcting some of the most egregious social imbalances scarring the global landscape. The timetable is tight, and success will depend on a host of factors, including achieving stable and robust global economic growth.

English

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