Trade and Development Report 2007: Regional Cooperation for Development
โ Scribed by United Nations
- Year
- 2007
- Tongue
- English
- Leaves
- 240
- Category
- Library
No coin nor oath required. For personal study only.
โฆ Synopsis
The current edition of the Report anticipates a fifth consecutive year of overall output growth and continued strong demand for primary commodities contributing to an overall increase in per capita gross domestic product in developing countries. The main risk to this positive scenario, the Report warns, is that a major recession in the United States could sharply curtail exports from China and India, which are setting the pace for this growth. The report says regional cooperation can help reduce the vulnerability of developing nations to current account imbalances such as that of the US, and also reduce their vulnerability to major shifts in exchange rates caused by speculative capital flows.
๐ SIMILAR VOLUMES
The proliferation of regional trade agreements is fundamentally altering the world trade landscape. The number of agreements in force surpasses 200 and has risen eight-fold in two decades. Today, as much as 40 percent of global trade takes place among countries that have some form of reciprocal regi
This is a critical period for the WTO and for realizing the potential of trade as a driver of growth and poverty reduction. It is time for good intentions to be translated into solid multilateral agreements that promote development, and it is high time that the rich countries tore down their barrier