UNCTAD’s Trade and Development Report 2011, focused on the “post-crisis policy challenges in the world economy”, criticizes current global financial governance arrangements and provides far-reaching proposals for a new international monetary and financial system. Many countries, most notably developed ones, have not been addressing the root causes of the crises, but have rather been fighting “symptoms” with “unambitious efforts”. The report particularly criticizes countries that choose to use austerity measures to “restore investor confidence”, rather than providing appropriate stimulus packages that would benefit the real economy and support social justice.
September 2011
Find the Full Report here.
Find the Overview here.
