The international economy

“The open-economy” strategies being followed today by developed, developing and transition economies require an enabling international economic environment, one whose dynamism creates the occasion for faster economic growth and whose liberalism opens more opportunities and closes fewer of them to the entrepreneurial elements in all the countries of the world. Recent and prospective international flows of trade, direct investment and finance suggest that a global dynamism is continuing to build, although the 1996 trade developments were a reminder that the international environment is subject to slowdowns and downturns as well as accelerations and upturns. In addition, the continuing concentration of fmancial flows on a limited number of countries underlines how the benefits of the liberal model are not being spread broadly enough among countries at different stages of development or economic adjustment.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action