Overview
- Author: United Nations Conference on Trade and Development
- Main Title: Trade and Development Report 2008 , pp 1-13
- Publication Date: September 2008
- DOI: https://doi.org/10.18356/ca97b120-en
- Language: English
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Since 1999, many developing countries have registered strong improvements in their external balances, and their aggregate current account has swung into surplus. As a result, as a group they have become net exporters of capital to developed countries. Many of them, particularly a number of fast growing exporters of manufactures, owe this situation to their successful global integration and to a reorientation of their macroeconomic policies towards a greater focus on competitive exchange rates. In other countries, substantially increased earnings from primary commodity exports have also led to stronger current-account positions.
© United Nations
ISBN (PDF):
9789211561784
Book DOI:
https://doi.org/10.18356/2ee5a1c2-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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