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    Trade and Development Report 2018 - Power, Platforms and the Free Trade Delusion (English)
    Report by UNCTAD, 2018, 162 pages
    Categories: Globalization and Development Strategies, Trade Related Capacity Building

    Managing structural transformation is a big challenge at all levels of development. In part, that is because the mixture of creative and destructive forces accompanying such a transformation do not automatically translate into a virtuous growth circle while the rents that are inevitably created in the process can be captured by a privileged group in ways that clog the economic arteries and increase the dangers of a political stroke. There are already signs of this happening with the digital revolution. However, this is not inevitable and if history is any guide, public policy, including industrial policy, can help to manage more inclusive and sustainable outcomes. This set out some elements of that agenda. It has argued that structural transformation will also need to be accompanied by infrastructure planning. It has suggested that the old debate between balanced and unbalanced growth provides a rich discussion for thinking about those techniques, skills and institutional requirements. The bottom line when it comes to infrastructure spending is that it is too important a development matter to be left to the sole responsibility of finance ministries.

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    Trade and Development Report 2018 - Power, Platforms and the Free Trade Delusion - Overview (English)
    Also available in Arabic, Chinese, Spanish, French, Russian
    Report by UNCTAD, 2018, 31 pages
    Categories: Globalization and Development Strategies, Trade Related Capacity Building

    Managing structural transformation is a big challenge at all levels of development. In part, that is because the mixture of creative and destructive forces accompanying such a transformation do not automatically translate into a virtuous growth circle while the rents that are inevitably created in the process can be captured by a privileged group in ways that clog the economic arteries and increase the dangers of a political stroke. There are already signs of this happening with the digital revolution. However, this is not inevitable and if history is any guide, public policy, including industrial policy, can help to manage more inclusive and sustainable outcomes. This set out some elements of that agenda. It has argued that structural transformation will also need to be accompanied by infrastructure planning. It has suggested that the old debate between balanced and unbalanced growth provides a rich discussion for thinking about those techniques, skills and institutional requirements. The bottom line when it comes to infrastructure spending is that it is too important a development matter to be left to the sole responsibility of finance ministries.

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