The development process can advance more rapidly than ever before in the new global economy. While opening their economies to trade and investment is a necessary condition for developing countries to achieve sustained high growth and reduce poverty, it is by no means a sufficient condition....

Expectations are running high for significant outcomes on the temporary movement of natural persons to supply services - known as mode 4 - in the current WTO services negotiations. Powerful drivers for liberalisation exist, such as increased trade and investment, strengthened global business...

Trade liberalisation is necessary but not sufficient to provide the conditions under which migration flows are significantly reduced. Co-ordinated measures must therefore be undertaken to promote technological catch-up, the development of physical infrastructure and investment in human capital....

The multilateral trading system has delivered successive rounds of trade liberalisation and established mechanisms to protect the interests of trading nations. The result has been growth for those nations that have recognised the importance of openness and established a domestic policy framework...

OECD countries still dominate the world economy, but their share of world trade dropped from 73% in 1992 to 64% in 2005, and some of the world’s most important economies are not members of the OECD. Foremost among these are the so-called BRIICS: Brazil, Russia, India, Indonesia, China and...