Trade and development report 2021

This report examines the global economy's state post-Covid-19, focusing on growth recovery prospects and challenges, particularly for developing nations. The Trade and Development Report 2021 highlights the need for reform and adaptation.

The Trade and Development Report 2021 provides a comprehensive analysis of the global economy, particularly in the aftermath of the Covid-19 pandemic. This report, released a year and a half after the World Health Organization declared the outbreak a pandemic, delves into key macro-financial aspects that shape the current economic landscape. It emphasizes the potential for growth recovery while critically examining the threats posed by rising public and private debt, inflationary pressures, and a possible regression to outdated economic policies. The report pays special attention to the challenges faced by developing countries within the global financial system, highlighting issues related to debt sustainability.

In addition to its economic analysis, the Trade and Development Report 2021 marks the 40th anniversary of its publication by revisiting insights from past editions. It reflects on how previous reports have responded to various economic shocks and crises during the era of hyper-globalization. The report underscores the need for inclusive global economic governance to ensure that all nations can benefit from economic recovery and development.

The second part of the report shifts focus towards climate adaptation, advocating for transformative approaches that include large-scale public investment programs. It emphasizes the necessity of green industrial policies to stimulate growth and job creation while detailing essential reforms to the international financial system. These reforms aim to facilitate the flow of climate adaptation funds to developing countries, addressing both current and future threats posed by climate change.