UNCTAD's Trade and Development Report 2014 entitled: Global governance and policy space for development, examines the health of the global economy and asks whether current conditions and policies are fit to sustain growth and support an ambitious development agenda after 2015.
The Report calls for more policy coordination at the global level and more policy and fiscal space for developing countries to pursue an inclusive and sustainable trade and development agenda.
The Report also reflects on the seventieth anniversary of the Bretton Woods Conference and the fiftieth anniversary of UNCTAD, and their efforts to make multilateralism more inclusive.
Key conclusions of this years' report:
The 'new normal' in advanced countries is neither new nor normal and risks repeating past policy mistakes.
Developing countries need sufficient space to make macro and industrial policies work effectively to support structural transformation.
International and national action needed to combat tax evasion and avoidance.
Multilateral institutions need to focus on promoting the public interest as much as boosting market confidence and reducing financial risks.