World economic and social survey 2004 : Trends and policies in the world economy

Contents:
Preface iii;
Executive Summary v;
Contents ix;
Explanatory Notes . xii;
State of the World Economy;
I. The World Economy in 2004 . 3;
Summary 3;
Sustaining robust growth 5;
Revitalizing; employment 11;
Restraining inflation . 15;
Managing downside risks . 17;
Delivering on the commitment to development 20;
II. International Trade 25;
Summary 25;
Regional trends and outlook . 25;
Commodity prices and markets 32;
Agricultural commodities 32;
Minerals and metals 36;
Do higher prices indicate a tight world oil market? 38;
Trade policy developments 41;
The multilateral sphere: the Doha negotiations . 41;
Termination of the Agreement on Textiles and Clothing . 44;
Mushrooming of regional and bilateral initiatives . 46;
III. International Finance 51;
Summary 51;
Financial flows to developing and transition economies . 51;
Private financial flows . 52;
Official flows . 55;
Net transfer of financial resources 56;
International financial cooperation for development 58
Official development finance . 58;
Multilateral development cooperation 61 ;
Continuing reform of the international financial architecture 64;
Crisis prevention activities . 64;
The modalities of official liquidity provision . 70 ;
Policies on crisis resolution 72;
Enhancing the voice and participation of developing countries 75;
IV. The Situation in the World’s Economies 79;
Summary 79;
Developed market economies: the recovery takes hold 80;
North America: maintaining a robust growth in the United States 80;
Developed Asia and the Pacific: a real recovery for Japan? . 85;
Western Europe: recovery yet to solidify 88 ;
Economies in transition . 92;
Central and Eastern Europe: sustaining recovery 92;
The Baltic countries: continuing fast growth . 97;
Commonwealth of Independent States (CIS): the fastest growing region . 97;
The Developing economies 102;
Africa: growth slowly picking up 104;
East Asia: challenges ahead 109;
South Asia: sustaining robust growth 114;
Western Asia: mixed fortunes brought by the war. 116;
Latin America and the Caribbean: an incipient recovery . 118;
Annex;
Statistical tables 123.