Bangkok--9 Sep--ESCAP-SCAS
Greater policy ambition needed to advance post-2015 development agenda andset the global economy in right direction, UNCTAD report says
The 'new normal' in advanced countries is neither new nor normal andrisks repeating past policy mistakesDeveloping countries need sufficient space to make macro andindustrial policies work effectively to support structuraltransformationInternational and national action needed to combat tax evasion andavoidanceMultilateral institutions need to focus on promoting the publicinterest as much as boosting market confidence and reducing financialrisks
UNCTAD's Trade and Development Report 2014, to be launched on 10 September, examines the health of the global economy and asks whether current conditions and policies are fit to sustain growth and support an ambitious development agenda after 2015. It calls for more policy coordination at the global level and more policy and fiscal space for developing countries to pursue an inclusive and sustainable trade and development agenda.
Subtitled Global Governance and Policy Space for Development, the report also reflects on the seventieth anniversary of the Bretton Woods Conference and the fiftieth anniversary of UNCTAD, and their efforts to make multilateralism more inclusive.