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Explosive UN Report Says Free Trade and Austerity are Thwarting Global Growth

Posted September 11, 2014

Under Economic Issues, International Trade Issues

(Finbarr Bermingham – IB Times)

The trade and development arm of the United Nations has called for a complete reworking of international economic policy, if global trade volumes are to return to their pre-crisis piece.

In a powerful new report, the United Nations Conference on Trade and Development (UNCTAD) calls for policymakers to revise some of the practices which have come to define the world's markets in recent years, including austerity, loosening of labour laws and cut-and-paste free trade agreements, which may all be combining to keep global demand low and to stymie the growth of developing economies. Read more here.