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The Current World-Economic Bonanza and its Risks

Report in preparation of UNCTAD XII

Current encouraging global economic progress must be carefully managed so that several threats that could derail the current 5-6% annual growth rates in developing countries do not materialise – and so that the benefits are more thoroughly extended to the world's poorest people and the poorest nations, urges a new report by the Secretary General of the United Nations Conference on Trade and Development (UNCTAD). A WDEV summary with recent figures on the place of developing countries in globalisation.

 

The report, intended by Secretary General Supachai Panitchpakdi to frame discussion at next spring's UNCTAD XII conference in Accra, Ghana, stresses the importance of sustaining – through careful international and government management – a near-priceless situation in which trade is booming not only between industrialised and developing countries but also between developing countries themselves (so-called South-South trade), and in which demand is strong for farm produce, which is what many of the world's poorest nations have to offer world markets ...

... this article published in Issue 4/Jul-Aug 2007 is for subscribers only. For direct log in >>> click here. If you have no subscription >>> pick an option or >>> buy the article.

Posted: 13 July 2007







South African Free Trade Experiences with the EU / The EU Presidency Outlook for Development

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