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Category Archives: Development

Trade between developing countries – so-called ‘South-South’ trade in merchandise exports has now reached a record $4.7 trillion (in current prices) in 2012. This is a highlight of the fact that total world merchandise exports have more than tripled over the last 20 years to reach $18 trillion. These figures have recently been published by UNCTAD in its Handbook of … Continue reading

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Merchandise exports from developed countries fell last year

There was a fall in the merchandise exports of developed nations of 2.75% in 2012, according to figures just released by UNCTAD. However, this was offset by a rise of 3.6% amongst developing countries, although much of that increase occurred in petroleum and gas exporting countries. In fact, developing countries that are primarily exporters of commodities other than fuels saw … Continue reading

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Least developed countries being badly hit by world downturn

The world financial and economic crisis has reversed recent growth trends in the world’s poorest nations, according to a report just issued this morning by the United Nations Conference on Trade and Development (UNCTAD). The Fourth United Nations LDC Conference, held last year in Istanbul, resulted in a Programme of Action that sets a target of having at least half … Continue reading

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Global food prices are on the rise

Global food prices increased by 8% from December 2011 to March 2012, according to the World Bank Group’s Food Price Watch. This was due to higher oil prices, adverse weather conditions and a strong demand for food imports in Asia. The World Bank’s Global Food Price Index was only 1% below what it was a year ago and 6% below … Continue reading

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Global economies facing different challenges according to World Bank

The World Bank has just published its June 2011 edition of Global Economic Prospects. In this it projects that as developing countries reach full capacity, growth will slow from 7.3 percent in 2010 to around 6.3 percent each year from 2011-2013. High-income countries will see growth slow from 2.7 percent in 2010 to 2.2 percent in 2011 before picking up … Continue reading

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FDI creates few jobs in developing countries

 A new UNCTAD report on the status of foreign direct investment (FDI) in the world´s 48 poorest countries urges a changed approach that would focus such investment on creating jobs, as well as on enhancing those countries´ productive capacities – that is, their abilities to produce wider varieties of goods and more sophisticated goods. The report is entitled Foreign Direct … Continue reading

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How can Africa’s agriculture boost development through trade?

Why has Africa become a net food importer? This was the question raised by Pascal Lamy, director general of the World Trade Organisation, at a conference entitled “Harnessing Agriculture for Development through Trade” yesterday. This conference was based on a publication produced by the CUTS International resource centre. Lamy pointed out that Africa became a net-food importer in the 1980s, … Continue reading

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Developing countries to boost trade

Agreement was reached yesterday on the Global System of Trade Preferences (GSTP) which has concluded six years of negotiations. There are 43 parties to the GSTP and twenty-two of them participated in the six-year Sao Paolo round of negotiations. This agreement is initially taken up by 8 participants which include Cuba, Egypt, India, Indonesia, Republic of Korea, Malaysia, Morocco and … Continue reading

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Number of hungry people still ‘unacceptably high’

Yesterday, the UN’s Food and Agriculture Organisation (FAO) and the United Nations World Food Programme (WFP) said that the number of hungry people in the world remains unacceptably high despite expected recent gains that have pushed the figure below 1 billion. The new estimate of the number of people who will suffer chronic hunger this year is 925 million — 98 … Continue reading

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Failing the Global Poor

I have just read a very interesting article with the title shown above, by Professor David Hulme, Professor of Development Studies, University of Manchester published in The World Today by Chatham House. In the article he looks at the eight millennium development goals and how close we are to achieving them. He writes: “When world leaders meet in New York … Continue reading

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