Development policy and international economic co-operation

Continuing instability in the world economy, particularly in exchange and interest rates, following the sudden decline in equity prices in October 1987 was a major subject of discussion in several United Nations bodies during 1988. An overall slow-down in growth of the global economy was predicted at the beginning of the year; modest prosperity was achieved instead, but it was highly uneven and major imbalances persisted, which most affected the debt-distressed developing countries where long-term improvements had already been interrupted by the severity of their economic problems.

Sustainable Development Goals:

Peace, Justice and Strong Institutions

Partnerships for the Goals