World Trade Report 2003

image of World Trade Report 2003

The World Trade Report is a new annual WTO publication focused on trade trends and policy issues. The 2003 edition examines developments in South-South trade, trends in commodity markets, and the growth of Regional Trade Agreements.

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The role of trade and trade policy in the development process

Different aspects of the development process have been emphasized by the many scholars and observers who have ventured into this field. The seminal work of Sen (1999) identifies freedom as both the primary end and principal means of development. The Brundtland Commission stressed that development must involve the care and nurturing of the environment for future generations. Others have focused particularly on poverty reduction and the empowerment of poor people. All these approaches consider economic growth a vital component of the development process, while emphasizing that development is about more than growth.

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