Revitalizing growth and development must be a world-wide co-operative effort, UNCTAD reports
WITH that observation,Kenneth K. Dadzie, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), begins his overview of the Trade and Development Report, 1986 (Sales No. E.86.II.D.5), which focuses on the dynamics of the deflationary process described by Mr. Dadzie as "the single most pervasive threat to world prosperity' and its consequences for development.
The six-chapter, 172-page reportdeals with the 1980s depression and the setback to economic and social development; the macroeconomic setting: interaction of policies in major developed market economies; transmission of growth and the stability of the world economy; deflation, debt and trade; the world economy in 1985 and prospects for the near future; and debt, growth and development.
The report reviews the main characteristicsof the acute economic crisis now facing most of the world, outlining the evolution of problems and policies in the developed market-economy countries that have played a major role in shaping the current external environment for development.
The 1980s, the report states, havebeen marked by the widespread collapse of the development …