Trade and Development Report: Regional Cooperation for Development, 2007 - Softcover

Nations, United

Softcover

ISBN 10: 9211127211 ISBN 13: 9789211127218

Publisher: United Nations, 2007

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.

About this title

Synopsis

"Trade and Development Report 2007" focuses on the theme of regional co-operation for development. It anticipates a fifth consecutive year of global economic growth in 2007, with an estimated overall output growth of 3.4 per cent, and continued strong demand for primary commodities contributing to an overall increase in per capita gross domestic product in developing countries. These developments raise hopes for greater progress towards meeting the UN Millennium Development Goals, although some developing countries have not experienced the benefits of these trade improvements, due to a higher level of oil import costs whilst prices of exports have not increased at similar rates.The fastest growing economic regions are in East and South Asia, mainly due to strong performances of China and India. However, given global imbalances, the risk of a recession in the United States could sharply impact on this growth as it is one of the largest markets for Asian exports. The report recommends that developing countries should strengthen regional co-operation with other developing countries, whilst proceeding carefully with North-South bilateral or regional preferential trade agreements.

Regional cooperation should also extend to areas of policy that strengthen the potential for growth and structural change, including monetary and financial arrangements, large infrastructure and knowledge-generation projects and industrial policies.

Edition details

• Publisher: United Nations
• Publication date: 2007
• Language: English
• ISBN 10: 9211127211
• ISBN 13: 9789211127218
• Binding: Paperback
• Number of pages: 240