Trade and Development Report 2002
Developing Countries in World Trade

The Trade and Development Report 2002 (TDR 2002) analyzes trends and outlooks for the world economy and focuses on export dynamism and industrialization in developing countries. It demonstrates that, although integration into world trade is essential, it is not in itself sufficient for ensuring a country's development. The Report questions the conventional wisdom that export growth and foreign direct investment (FDI) automatically generate commensurate income gains. Why is it that developing countries are trading more, but earning relatively less? UNCTAD thinks they are competing among themselves to export similar labour-intensive manufacturing products to the same markets. It suggests that countries should move into higher-value exports by upgrading technology and improving productivity. What's next for developing countries after Doha and Monterrey? And what will China's WTO accession mean for other developing countries - and for China itself? There are signs that a world economic recovery may be under way. If so, will it be sustained at a fast enough pace to benefit most developing countries? This would require a 3% growth rate in the industrial world - a rather unlikely prospect, predicts UNCTAD. TABLE OF CONTENTS Foreword Overview Chapter I The World Economy: Performance and Prospects Introduction Developed economies International trade, financial flows and developing countries Economic prospects Chapter II The Multilateral Trading System after Doha Introduction Background to Doha: developing countries in the GATT/WTO system Doha and the new WTO work programme Conclusions: beyond Doha Chapter III Export Dynamism and Industrialization in Developing Countries Introduction Dynamic products in world trade Factors contributing to trade expansion in different products Export dynamism and the potential for productivity growth Variations among developing countries Exports, industrialization and growth Conclusions Chapter IV Competition and the Fallacy of Composition The issues at stake The terms of trade of developing country exports: a review of the evidence Competition in world markets for labour-intensive manufactures Skill profile of world trade and shifts in competitiveness Tariff barriers to exports of labour-intensive manufactures Policy responses Chapter V China's Accession to WTO: Managing Integration and Industrialization Introduction Accession: changes in China’s import regime Industrial structure, trade and employment Trade prospects Conclusions: managing integration

A UN Publication Book Information: Sales Number: E.02.II.D.2 ISBN 9211125499 176pp. List price: $39.00 Special Academic Price: $9.00