Development

China’s successful technological development path stands in contrast to the corporate financialization model in the United States

In our INET working paper, "China’s Development Path,” we employ the “social conditions of innovative enterprise” framework to analyze the key determinants of China’s development path from the economic reforms of 1978 to the present. First, we focus on how government investments in human capabilities and physical infrastructure provided foundational support for the emergence of Chinese enterprises capable of technological learning.

Why to Be Wary of Another Volcker-Type Monetary Tightening

For a long time, stagflation was thought to be a thing of the past. But now there is a real risk of it coming back, warns the Bank for International Settlements (BIS 2022), the ‘central bank’ for the world’s central banks. High inflation is expected to be around for a prolonged period of time—as a result of the recurring reinstatements of lockdowns in China, the surge in global energy and commodity prices following Russia’s war in Ukraine, global warming, and the breakdown of global supply chains due to geopolitical tensions.

Fears of ‘stagflation’ have come back to haunt macroeconomic policy makers all over the globe

As 2022 comes to a close, panelists discuss the immediate prospects for the global economy, the dangers of a lost decade for developing countries and what needs to be done to put the SDGs back on track.

Moderator: Richard Kozul-Wright, Director of the Globalization and Development Strategies Division

UNCTAD Panelists: