UNCTAD_Trade & development report 2012_en. A global fair trade: Unctad's lesson. The global power-balance is being changed by the rise of the non-western "Brics" states. This makes the pioneering work of a body committed to linking trade and development in the interest of the world's poor more relevant than ever. A paradox of the current political and media world is that the intergovernmental body with the best record in supporting the interests of the poorest gets the least attention and support. The World Bank, the International Monetary Fund (IMF) and the World Trade Organisation (WTO) seem everywhere, but another institution with key global responsibilities - the United Nations Conference on Trade and Development (Unctad) - finds itself consistently sidelined by the most powerful states.
This seems especially strange in light of Unctad's record, which include its prescient warnings over the years of the dangers of industrialised countries accumulating unsustainable debts. The switchback The programme was to be negotiated at Unctad IV in 1976, in Nairobi. UNCTAD_Trade & development report 2012_en. WORLD Markets Cant Self-Regulate; State Should Step In - UNCTAD.
GENEVA, May 12 (IPS) - The Washington Consensus is dead and the state must play a new role in development. The triple crises – economy, food and climate – show the need for a new developmental model as export-led growth and financial speculation in agricultural markets have proven to be disastrous. This was the message at a two-day public symposium hosted by the United Nations Conference on Trade and Development (UNCTAD) that ended May 11.
The Washington Consensus refers to the economic model of liberalisation and deregulation. "The market has proven unable to self-regulate," stated Jean Feyder, ambassador of Luxembourg and president of UNCTAD’s trade and development board. "In the North, the state has played a major role in overcoming the financial crisis. "In the South, it should be a key player in the financing of productive capacities, starting with industrialisation and the protection of infant industries," he added. The post-crisis scenario cannot be business as usual. UNCTAD Home. UNCTAD as the Battleground for Role of the State, Trade Policy.