Among its key recommendations, the Commission said global rules and policies on trade and finance must allow more space for policy autonomy in developing countries, adding, “This is essential for developing policies and institutional arrangements best suited to their level of development and specific circumstances. Existing rules that unduly restrict their policy options for accelerating agricultural growth or industrialisation, and for maintaining financial and economic stability, need to be reviewed.”
“The policies of international organisations and donor countries must also shift more decisively away from external conditionality to national ownership of policies,” the report says. “Affirmative action is required in favour of countries that do not have the same capacities of those who developed earlier.”
Among its key recommendations, the Commission said global rules and policies on trade and finance must allow more space for policy autonomy in developing countries, adding, “This is essential for developing policies and institutional arrangements best suited to their level of development and specific circumstances. Existing rules that unduly restrict their policy options for accelerating agricultural growth or industrialisation, and for maintaining financial and economic stability, need to be reviewed.”
“The policies of international organisations and donor countries must also shift more decisively away from external conditionality to national ownership of policies,” the report says. “Affirmative action is required in favour of countries that do not have the same capacities of those who developed earlier.”
