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Making Trade Work for the World's Poor 2002 [electronic resource]

World Bank Staff
Format
EBook; Book; Online
Published
Washington : World Bank Publications Nov. 2001
Edition
Revised
Language
English
Series
Global Economic Prospects Ser
ISBN
9780821349960, 0821349961 (Trade Paper)
Target Audience
Scholarly & Professional
Summary
Annotation
Description
Mode of access: World wide Web.
Copyright Not EvaluatedCopyright Not Evaluated
Technical Details
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  • Staff View

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    a| Annotation b| This year's 'Global Economic Prospects' argues for reshaping the global architecture of world trade to promote development and poverty reduction. The report focuses on four policy areas: • Using the WTO ministerial to launch a "development round" of trade negotiations that would reduce global trade barriers. • Engaging in global collective action to promote trade outside the negotiating framework of the WTO. • Adopting pro-trade development policies of high-income countries unilaterally. • Enacting new trade reform in developing countries. The report contends that the policies recommended in these four areas would reshape the global trade architecture in a way that would enhance the prospects of developing countries and reduce world poverty. While the most likely scenario is for recovery beginning in 2002, today's slow growth of global trade and weakening financial flows to all but the most creditworthy countries, has impeded growth in developing countries.'Global Economic Prospects 2002' concludes that the long-term promise of well-implemented trade reform is therefore tangible: a world with a much higher standard of living, hundreds of millions lifted out of poverty, and a sharp increase in children living beyond their fifth birthday to become productive citizens of the world.
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