Tagged: Finance

Trade and Development Report 2018: Power, Platforms and the Free Trade Delusion

UNCTAD has launched the 2018 edition of the annual Trade and Development Report. Subtitled “Power, Platforms and the Free Trade Delusion”, the report examines asymmetric distribution of wealth, power, and influence.

A description of the report from the press release presents a summary of the topics discussed critically in this edition:

“While the public sector in advanced economies has been obliged to borrow more since the crisis, it is the rapid growth of private indebtedness, particularly in the corporate sector, which needs to be monitored closely; this has, in the past, been a harbinger of crisis.  The growing indebtedness observed globally is closely linked to rising inequality. The two have been connected by the growing weight and influence of financial markets, a defining feature of hyperglobalization. Banks becoming too big to fail came to epitomize the reckless neglect of regulators prior to the crisis. But the ability of financial institutions to rig markets has survived the early rush of reform in the aftermath of the crisis and efforts are underway to push back even on the limited regulations that have been put in place.  Asymmetric power is not unique to financial markets; the global trade landscape is also dominated by big players. The ability of lead firms in global production networks to capture more of the value added has led to unequal trading relations even as developing countries have deepened their participation in global trade.  The digital world has bucked the gloomier post-crisis trend and is opening up new growth opportunities for developing countries. But the worrying spirit of monopoly risks distorting outcomes. Getting to grips with the policy and regulatory challenges this poses must be an integral part of rebalancing the global economy.  All these old and new pressures are weighing down on multilateralism. In our interdependent world, inward looking solutions do not offer a way forward; the challenge is to find ways to make multilateralism work for all and for the health of the planet. There is much to be done.”

The full report is available for download, in its entirety or by chapter, from the UNCTAD website: https://unctad.org/en/pages/PublicationWebflyer.aspx?publicationid=2227

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New publications from OECD, late September 2018

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

New publications from OECD, late July 2018

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

New publications from OECD, late June 2018

New publications from OECD, mid June 2018

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

New Issue of IMF’s Finance & Development: Money in a Digital World

IMF has just released the June 2018 issue of Finance & Development, IMF’s magazine on economics, finance, development, and related topics.  This issue’s theme is Money, Transformed: the Future of Currency in a Digital World, and features articles on digital money, monetary policy in a digital world, and cryptocurrencies, among other subjects.

Also in this issue is a profile of David Donaldson, economist and professor at MIT and recipient of the John Bates Clark Medal in 2017.

Articles are available at the IMF website here, for consultation online or download in PDF, for WTO Staff and visitors to the WTO Library.

 

 

New statistical publications from OECD, mid May 2018

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.