Development and building trade capacity
World Trade Report 2024
Sept 2024
Book
Over the past 30 years, the world has witnessed a period of unprecedented income convergence, as the wide gap in income levels between economies has narrowed. Economic growth has improved living conditions and prospects for many people around the world. However, not all individuals, regions and economies have benefited equally from the changes brought about by more open trade. The World Trade Report 2024 explores the complex interl Read More
Trade and income convergence
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World Trade Report 2024
Sept 2024
Chapter
The past quarter of a century has witnessed an unprecedented level of income convergence, accompanied by the integration of many developing economies into global markets. Despite this, some economies have been left behind. This chapter discusses how the participation of developing economies in global trade and investment flows can accelerate structural transformation and enhance productivity growth, thereby helping lowand middle-income eco Read More
Note
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World Trade Report 2024
Sept 2024
Chapter
WTO members are frequently referred to as “countries”, although some members are not countries in the usual sense of the word but are officially “customs territories”.
Conclusions
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World Trade Report 2024
Sept 2024
Chapter
Over the past 30 years, the world has witnessed a period of unprecedented income convergence, accompanied by a steep reduction in poverty, but inequality remains high.
Inclusive trade and international cooperation
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World Trade Report 2024
Sept 2024
Chapter
This chapter discusses how the multilateral trading system has helped some economies to take advantage of trade to further their development, but has not succeeded in helping others to harness trade for growth and considers what could be done to ensure that the WTO leaves no economy behind. It also examines the effect of the WTO on how the benefits of trade are shared out within economies, and discusses how the WTO and trade can be mad Read More
Acknowledgements
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World Trade Report 2024
Sept 2024
Chapter
The World Trade Report 2024 was prepared under the general responsibility and guidance of Johanna Hill, WTO Deputy Director-General, and Ralph Ossa, Director of the Economic Research and Statistics Division. Director-General Ngozi Okonjo Iweala, Chief of Staff Bright Okogu and Trineesh Biswas from the Office of the Director-General provided valuable advice and guidance.
Executive summary
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World Trade Report 2024
Sept 2024
Chapter
Never before have the living conditions and prospects of so many people changed so dramatically in the space of a few decades.
Trade and inclusiveness within economies
Source:
World Trade Report 2024
Sept 2024
Chapter
Trade has raised aggregate welfare and reduced poverty without necessarily raising inequality in many economies, but the impact of trade is more complex for individuals. People may benefit from cheaper prices, larger variety and export opportunities, but they may also face increased competition and may, therefore, either gain or lose from trade. This chapter reviews why, although most people gain from trade, some suffer losses. These losses can b Read More
Foreword by the WTO Director-General
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World Trade Report 2024
Sept 2024
Chapter
The mission of the World Trade Organization, as set out in the preamble to its founding Marrakesh Agreement, is to use trade as a means to raise living standards, create jobs and promote sustainable development. As we mark the WTO’s 30th anniversary, it is clear that members have used the open and predictable global economy anchored in WTO rules and norms to accelerate growth and development, with enormous positive impacts for human Read More
Disclaimer
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World Trade Report 2024
Sept 2024
Chapter
The World Trade Report has been prepared under the responsibility of the WTO Secretariat. It does not necessarily reflect the positions or opinions of WTO members and it is without prejudice to their rights and obligations under the WTO agreements.
Acknowledgements
Source:
World Trade Report 2024
Sept 2024
Chapter
The World Trade Report 2024 was prepared under the general responsibility and guidance of Johanna Hill, WTO Deputy Director-General, and Ralph Ossa, Director of the Economic Research and Statistics Division. Director-General Ngozi Okonjo Iweala, Chief of Staff Bright Okogu and Trineesh Biswas from the Office of the Director-General provided valuable advice and guidance.
Foreword by the WTO Director-General
Source:
World Trade Report 2024
Sept 2024
Chapter
The mission of the World Trade Organization, as set out in the preamble to its founding Marrakesh Agreement, is to use trade as a means to raise living standards, create jobs and promote sustainable development. As we mark the WTO’s 30th anniversary, it is clear that members have used the open and predictable global economy anchored in WTO rules and norms to accelerate growth and development, with enormous positive impacts for human Read More
Inclusive trade and international cooperation
Source:
World Trade Report 2024
Sept 2024
Chapter
This chapter discusses how the multilateral trading system has helped some economies to take advantage of trade to further their development, but has not succeeded in helping others to harness trade for growth and considers what could be done to ensure that the WTO leaves no economy behind. It also examines the effect of the WTO on how the benefits of trade are shared out within economies, and discusses how the WTO and trade can be mad Read More
Introduction
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World Trade Report 2024
Sept 2024
Chapter
Global trade is often accused of creating a more unequal world, but in fact the opposite is happening. Billions of people in developing economies are catching up to the more advanced economies, as millions of people in the advanced economies continue to move ahead. This global economic convergence is only possible because the world has become more open and integrated – expanding access to new markets, new technologies and new models for ach Read More
Trade and inclusiveness within economies
Source:
World Trade Report 2024
Sept 2024
Chapter
Trade has raised aggregate welfare and reduced poverty without necessarily raising inequality in many economies, but the impact of trade is more complex for individuals. People may benefit from cheaper prices, larger variety and export opportunities, but they may also face increased competition and may, therefore, either gain or lose from trade. This chapter reviews why, although most people gain from trade, some suffer losses. These losses can b Read More
Trade and income convergence
Source:
World Trade Report 2024
Sept 2024
Chapter
The past quarter of a century has witnessed an unprecedented level of income convergence, accompanied by the integration of many developing economies into global markets. Despite this, some economies have been left behind. This chapter discusses how the participation of developing economies in global trade and investment flows can accelerate structural transformation and enhance productivity growth, thereby helping lowand middle-income eco Read More
Executive summary
Source:
World Trade Report 2024
Sept 2024
Chapter
Never before have the living conditions and prospects of so many people changed so dramatically in the space of a few decades.
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