Trade and Development Report, 2013

Published By: UNCTAD United Nations Conference on Trade and Dev | Published Date: September, 12 , 2013

Five years after the onset of the global financial crisis the world economy remains in a state of disarray, with global output growing at around 2 per cent and global trade growth virtually grounding to a halt, the Trade and Development Report (TDR) 2013 stresses. Growth remains subdued in developed countries, where labour market conditions, fiscal tightening and on-going deleveraging hinder domestic demand. Trade and Development Report 2013 notes that developed countries must address the fundamental causes of the crisis: rising income inequality, the diminishing economic role of the State, the predominant role of a poorly regulated financial sector and an international system prone to global imbalances; while developing and transition economies that have been overly dependent on exports need to adopt a more balanced growth strategy that gives a greater role to domestic and regional demand.

Author(s): United Nations Conference on Trade and Development UNCTAD | Posted on: Jan 09, 2016 | Views()


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