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Part I. State of the World Economy Part one of the World Economic and Social Survey 2003 discusses the state of the world economy in 2003 and the outlook for 2004. It includes a review of developments in international trade and finance and an overview of the situation in the world's economies as of mid-2003 and their prospects for 2004. Part II. Economic Policy and Poverty The goal of reducing poverty by half by the year 2015 has prompted policymakers to increase the attention given to policies and measures directly targeted at achieving this goal. At the same time, it is also necessary to examine policies and measures related to other goals that are expected to have a bearing on, but are… World Economic and Social Survey 2003