Written by Prof. Dr. Joachim Willms [Managing Director]
Nationally crafted strategies urged by UN for steadier economic growth, closing the global income gap (UNITED NATIONS GENEVA, 30 June 2006)
Developing nations should take more initiative in determining country-specific economic policies and charting their own reform path, the United Nations contends in a new report out today.
The conventional strategy since the 1980s for closing the income gap between the developing and developed worlds -- giving more space to the global market -- was only partially effective, the UN report finds. Outside of China and East Asia, which for decades maintained active industrial policies, developing and transition countries either failed to make significant headway toward parity, or more often fell back.
And in contrast to the first three post-World War II decades, the final two decades of the twentieth century were characterized by the sudden appearance of “growth collapses” – periods of five years or longer during which a country experienced no per capita income growth or a decline.
TF: Agrotourism 
