Adjusting to the changing dynamics of the world economy
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Contributor(s): Richard Kozul-Wright, Professor Robert Wade | The Trade and Development Report 2013 contends that to achieve durable and inclusive growth, developing and transition economies will need to move towards a new form of development, away from a focus on net-export advantages which depend on exploiting on global imbalances and towards strengthening domestic demand and expanding regional and South-South economic linkages. Richard Kozul-Wright is a senior UN economist heading the unit on Economic Integration and Cooperation Among Developing Countries in UNCTAD. He was previously in charge of the World Economic and Social Survey in UNDESA, New York. He has worked in New York and Geneva on a number of annual flagship publications including The World Investment Report, The Trade and Development Report, the Report on Economic Development in Africa and The World Economic Situation and Prospects. He holds a Ph.D in economics from the University of Cambridge. He has published extensively on economic issues including, inter alia, in the Economic Journal, the Cambridge Journal of Economics, The Journal of Development Studies, and the Oxford Review of Economic Policy. His latest book is The Resistible Rise of Market Fundamentalism (with Paul Rayment) for Zed Press. He has also edited volumes on Transnational Corporations and the Global Economy (Macmillan), Economic Insecurity and Development (United Nations Press) and Climate Protection and Development (Bloomsbury). He has written more popular pieces on economics and development for the Guardian and other newspapers. Robert Wade is professor of Political Economy and Development in the Department of International Development at LSE. He has worked at the Institute of Development Studies, Sussex, 1972-95; the World Bank, 1984-88; the Princeton Woodrow Wilson School 1989/90; MIT Sloan School 1992; and Brown University 1996-2000. He was a fellow of the Institute for Advanced Study, Princeton 1992/93; the Russell Sage Foundation 1997/98; and the Institute for Advanced Study, Berlin 2000/01. He is the author of Irrigation and Politics in South Korea (1982), Village Republics: The Economic Conditions of Collective Action in India (1988, 1994), Governing the Market: Economic Theory and the Role of Government in East Asia's Industrialization (1990, 2003). He won the American Political Science Association's award of Best Book in Political Economy, 1992. Established in 1964, the United Nations Conference on Trade and Development promotes the development-friendly integration of developing countries into the world economy. UNCTAD has progressively evolved into an authoritative knowledge-based institution whose work aims to help shape current policy debates and thinking on development, with a particular focus on ensuring that domestic policies and international action are mutually supportive in bringing about sustainable development.