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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Sharp fall in global foreign direct investment last year

Global foreign direct investment (FDI) inflows declined by 18% in 2012 to a level which was close to the trough reached in 2009, according to the Global Investment Trends Monitor just published by UNCTAD. The Report puts this down to the uncertainty which has been caused by the weakening macroeconomic environment, with falls being registered for global growth in GDP, … 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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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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Migrants being hit by recession

Last week the United Nations Conference on Trade and Development (UNCTAD) held a one-day meeting on “the contribution of migrants to development”. This followed a 2008 conference which said that UNCTAD should “conduct research and analysis on the potential benefits and opportunities of trade, investment and developmental links between migrants’ countries of origin and their communities abroad” and should “analyse … Continue reading

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Developing countries hit by falling FDI inflows

Developing countries have not been immune from the global recession or the fragile nature of financial markets. In fact, net private capital inflows to developing countries fell to $707 billion in 2008, which was a severe drop from the peak figure of $1.2 trillion in 2007. It is projected that international capital flows will fall further in 2009 to $363 … Continue reading

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World Bank slashes forecasts for growth and trade

The World Bank now predicts that global GDP growth will now contract by 1.7% in 2009, which means that world output will contract for the first time since the 2nd World War.   According to Hans Timmer, Manager, Global Trends in the World Bank’s Development Prospects Group: “Even if global growth turns positive again in 2010, we are not yet … Continue reading

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Development aid reaches its highest level ever

Figures published by the OECD yesterday show that total net official development assistance (ODA) from members of the OECD’s Development Assistance Committee (DAC) rose by 10.2% in real terms in 2008 to reach $119.8bn. This is the highest dollar figure ever recorded. In total, it represents 0.30% of member countries combined gross national income (GNI).   This is great news … Continue reading

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