- Vlasta MACKU
Eight researchers and graduate students from Vi South African affiliate member, the North-West University, participated in a videoconference presentation of UNCTAD's Trade and Development Report (TDR) 2015 November 12.
The presentation was delivered by TDR co-author, Alex Izurieta, of UNCTAD’s Division on Globalization and Development Strategies.
"What we are concerned about is what we call a tepid recovery in developed countries," Izurieta said while outlining TDR findings about the global economic situation.
"In our view, developed countries did not perform well not only because of fiscal austerity policies, but also because of the long-term deterioration of the wage share in their GDP, which limited domestic demand," he added.