Trade and Development Report, 2010

The Trade and Development Report 2010 focuses on the need to make employment creation a priority in economic policy. Unemployment is the most pressing social and economic problem of our time, not least because, especially in developing countries, it is closely related to poverty. The fallout from the global crisis has exacerbated what were already sluggish labour markets in most countries even before the crisis erupted The Report warns that a premature withdrawal of macroeconomic stimulus measures to expand demand in developed countries may trigger a deflationary spiral in the global economy, with attendant slumps in growth and employment. Furthermore, the pattern of the recovery resembles that of imbalanced global demand growth that contributed to the build-up of the crisis.