New Global Exchange Rate Arrangements Needed
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The world economic situation is more favourable for developing countries than at any time since the early 1970s (see box in article). But a safe correction to the increasing imbalances would be much easier with more appropriate global exchange-rate arrangements, the just published Trade & Development Report (TDR; see reference) of the UN Conference on Trade & Development (UNCTAD) argues. WDEV summarises the report.
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