Trade and Development Report 2017

Beyond Austerity - Towards a Global New Deal

image of Trade and Development Report 2017

The Trade and Development Report (TDR), launched in 1981, is issued every year for the annual session of the Trade and Development Board. The Report analyses current economic trends and major policy issues of international concern, and makes suggestions for addressing these issues at various levels. This year’s Report focuses on the challenges for achieving inclusive growth in an era of austerity, hyper globalization and financial fragility. It includes chapters on robotics, gender and employment, finance and inequality, and the growing market power of non-financial corporations. It concludes by calling for Global New Deal, and the sorts of policy components it must include in light of the analyses provided.



Towards a global new deal

Much will have to change if the “inclusive economy” is to become a working reality, as argued in previous chapters of this Report. Today’s hyperglobalized world economy is delivering unfair and inequitable outcomes for far too many people in too many places. Economic and financial crises, like that of 2008-2009, are only the most visible manifestations of a world economy that has become increasingly unbalanced in ways that are not only exclusionary, but also destabilizing and dangerous for the future political, social and environmental health of the planet.


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