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The World Investment Report by UN Trade and Development (UNCTAD) shows a 2% decrease in global foreign direct investment (FDI) to $1.3 trillion in 2023, driven by increasing trade and geopolitical tensions in a slowing global economy. The report suggests…
The Joint Declaration of the 2024 Korea-Africa Summit outlines the key objectives and commitments made by the participating nations. The summit, hosted by President Yoon Suk Yeol, brought together heads of state and government from 48 African nations, the President…
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Introduction This paper was published by the World Bank Group examines the impact of industrial policies on international trade. It highlights the importance of understanding the effects of these policies, particularly in the context of Preferential Trade Agreements (PTAs). The…
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Introduction The United Nations Conference on Trade and Development (UNCTAD) released its Annual Report 2023, highlighting the organization’s efforts to promote sustainable strategies for people, planet, and prosperity. The report emphasizes the challenges faced by developing countries in the wake…
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Introduction The Vienna Programme of Action (VPoA) for Landlocked Developing Countries (LLDCs) aims to promote rapid and inclusive economic development among LLDCs. The VPoA prioritizes several key areas, including regional integration and cooperation, structural economic transformation, and means of implementation.…
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The book “Africa’s Trade Facilitation Preparedness & Ethical Property Rights” edited by Gbadebo Odularu, Bamidele Adekunle and Caiphas Chekwoti (eds) explores the policy intricacies and implications of emerging shocks, digitalization, and intellectual property rights in Africa’s trade landscape. The book…
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The Global Trade Outlook and Statistics published by the World Trade Organisation (WTO) is a critical aspect of the global economy, affecting the flow of goods and services across borders. The highly pro-cyclical nature of merchandise trade, which tends to…
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Introduction The UN Trade and Development has recently published the Digital Economy Report 2021, which examines the implications of growing cross-border data flows, especially for developing countries. The report emphasizes the significance of data as a vital strategic asset for…
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THE PREDICAMENT OF COMMODITY-DEPENDENT DEVELOPING COUNTRIES Introduction The Commodities and Development Report 2023, published by the UN Trade and Development, sheds light on the challenges faced by commodity-dependent developing countries (CDDCs) and the need for economic diversification amidst global challenges…