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World Economic and Social Survey 2010
Retooling Global
Development
United Nations
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E/2010/50/Rev. 1
ST/ESA /330
Department of Economic and Social Afairs
World Economic and Social Survey 2010
Retooling Global
Development
United Nations
New York, 2010
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DESA
he Department of Economic and Social Afairs of the United Nations Secretariat is a vital
interface between global policies in the economic, social and environmental spheres and
national action. he Department works in three main interlinked areas: (i) it compiles,
generates and analyses a wide range of economic, social and environmental data and
information on which States Members of the United Nations draw to review common
problems and to take stock of policy options; (ii) it facilitates the negotiations of Member
States in many intergovernmental bodies on joint courses of action to address ongoing or
emerging global challenges; and (iii) it advises interested Governments on the ways and
means of translating policy frameworks developed in United Nations conferences and
summits into programmes at the country level and, through technical assistance, helps build
national capacities.
Note
Symbols of United Nations documents are composed of
capital letters combined with igures.
E/2010/50/Rev.1
ST/ESA/330
ISBN 978-92-1-109161-8
United Nations publication
Sales No. E.10.II.C1
Copyright © United Nations, 2010
All rights reserved
Printed by the United Nations
Publishing Section
New York
iii
Preface
he global inancial crisis has exposed serious weaknesses not only in the world economy
but also in global economic governance. Fortunately, a remarkable spirit of multilateralism
has prevailed in the responses to this upheaval. Countries have refrained, by and large,
from resorting to protectionist measures. Governments have enacted stimulus packages,
kept interest rates low and provided additional inance to the International Monetary
Fund and the World Bank that is aimed at helping countries in need. hese eforts stand
in sharp contrast to the approach of the 1930s, when beggar-thy-neighbour policies had
pushed the global economy into a prolonged depression and deepened the political crisis
that led to the Second World War.
Still, this encouraging multilateralism cannot hide the shortcomings in in-
stitutions and rules that were shaped, for the most part, more than 60 years ago. Since
then, world conditions have become much more complex and there is much greater in-
terdependence across nations. International economic relations have also changed, with
a considerable number of developing countries exerting a much bigger inluence on the
world economy—a trend that is likely to continue. At the same time, however, we must
all be concerned that an even greater number of developing countries are falling behind,
and that extreme poverty remains widespread. he global food and inancial crises have
caused signiicant setbacks in eforts to achieve the Millennium Development Goals, and
have been a painful reminder that a stable global economic environment is a critical pre-
condition for human progress. In the decades ahead, we can expect climate change and
demographic changes, including migration and population ageing, to further reshape the
patterns of global development.
his year’s World Economic and Social Survey takes stock of development
challenges and identiies deiciencies and gaps in global economic governance mecha-
nisms. It also points out promising directions for reform, including strengthening govern-
ment capacities for formulating and implementing national development strategies; doing
more to ensure that oicial development assistance is aligned with national priorities; and
strengthening the international trade and inancial systems so that countries with limited
capabilities can successfully integrate into the global economy.
Pursuing these and related initiatives will not be easy: we need new types of
thinking and a new balance between decision-making processes at the national and global
levels. In that spirit, the Survey ofers ideas on how the international community can steer
a course towards achieving a more balanced and sustainable globalization and a safer,
more prosperous and more just world for all. I therefore commend the body of information
and the analyses presented here to a wide global audience.
BAN KI-MOON
Secretary-General
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iv
Acknowledgements
he World Economic and Social Survey is the annual lagship publication on major
development issues prepared by the Department of Economic and Social Afairs of the
United Nations Secretariat (UN/DESA).
his year’s Survey was prepared under the general supervision and leadership of
Rob Vos, Director of the Development Policy and Analysis Division (DPAD) of UN/DESA.
Manuel F. Montes led the team that prepared the report. he core team at DPAD included
Christina Bodouroglou, Nazrul Islam, Alex Julca, Mariangela Parra-Lancourt, Vladimir
Popov and Shari Spiegel. Administrative and statistical support for the overall report were
provided by Lydia Gatan and Nicole Hunt. Substantive inputs were also received from
Frank Schroeder of the Financing for Development Oice and Marion Barthélemy of the
Oice for ECOSOC Support and Coordination of UN/DESA.
We gratefully acknowledge background research contributions by Tony
Addison, Channing Arndt, Sarah Cook, Giovanni Andrea Cornia, Jane D’Arista, Derrese
Degefa, Geske Dijkstra, Daniel Drache, Louis Emmerij, Korkut Erturk, Valpy FitzGerald,
James Galbraith, Merilee Grindle, Sara Hsu, Nagesh Kumar, handika Mkandawire,
Deepak Nayyar, Emmanuel Nnadozie, Alfredo Saad-Filho, Finn Tarp, Lance Taylor,
Daniel Titelman, John Toye and Rolph van der Hoeven. he report also beneited from
discussions with staf of the Economic Commission for Africa (ECA), the Economic and
Social Commission for Asia and the Paciic (ESCAP), the Economic Commission for
Latin America and the Caribbean (ECLAC), the United Nations Conference on Trade
and Development (UNCTAD), the International Labour Organization (ILO), the World
Institute for Development Economics Research of the United Nations University (UNU-
WIDER) and the United Nations Research Institute for Social Development (UNRISD).
In addition to these contributors, we also owe thanks for the insights provided by other
participants at two workshops organized within the framework of the preparation of this
repor t, including Yilma z A k ÿ u z, Ta riq Ba nuri, Roy Cu lpeper, Ma r tin K hor, R icha rd Kozu l-
Wright, José Antonio Ocampo, Rizal Ramli, Shahra Razavi and Lan Xue.
Helpful overall guidance was provided by Jomo Kwame Sundaram, Assistant
Secretary-General for Economic Development at UN/DESA.
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