- Edgardo Torija Zane
Students and faculty members from Vi Pakistani core university member, the Institute of Business Administration (IBA), joined UNCTAD for a videoconference presentation of the latest Trade and Development Report (TDR). The event, held December 2, attracted an audience of around 160 participants, and included several representatives of the print and electronic media.
TDR co-author, Padmashree Gehl Sampath, of UNCTAD’s Division on Globalization and Development Strategies, highlighted the loss of dynamism in the global economy, with GDP growth rates below 2.5 percent, and a marked slowdown in global trade.
“The loss of dynamism in developed economies, combined with low commodity prices, is having knock-on effects on most developing countries," she said. "Outside Asia, developing countries are no longer reducing the income gap with advanced economies, and mining and oil exporters are the most affected.”