Trade, investment and technology decisions at firm level interact with each other and affects aggregate productivity growth. This also illustrates the self-propagating forces of the current situation of the world economy.
A review of recent trends suggests the need for a renewed commitment and enhanced efforts by the international community to support financing for sustainable development. It also points out at potential risks of debt sustainability for a few developed and some emerging economies.
The global economy remains trapped in prolonged episode of slow growth, of which weak international trade is both a cause and a symptom. While developing countries have become more integrated and benefitted from international trade in recent years, this has also made them more vulnerable to a slowdown in global trade. Ensuring an enabling global environment for trade is thus critical for progress towards the Sustainable Development Goals, in particular given the risks associated with protectionism and inward-looking policies, which is on the rise in many countries.
Income convergence between developed and developing countries in recent years is mainly the result of rapid economic growth in Asia. The distance between average per capita income in other developing regions and that in developed countries has not ch
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