Trade and Development Report 2007 (Chinese language)

Regional Cooperation for Development

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In its analysis of global economic prospects, the Report says the current global economic environment provides great opportunities for catch-up growth and meeting the Millennium Development Goals. However, the world economy is overshadowed by serious current-account imbalances, and by large speculative capital flows that distort exchange rates and perpetuate these imbalances. A safe correction of the imbalances would be much easier with more appropriate global exchange-rate arrangements, the Report argues. Exchange rates should be subject to the same kind of disciplines as tariffs and export subsidies. In the absence of such disciplines, however, regional monetary and financial cooperation among developing countries can fill some of the gaps in global economic governance.
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Details:

Agency/Department
UN Trade and Development (UNCTAD)
Print ISBN
9789217301117
Print Publication Date
Page Count
226
Print Sales Number
07.II.D.11
Series Title
United Nations Trade and Development Report (Chinese)

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