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Consider the following statements regarding United Nations Conference on Trade and Development:
- It is a permanent inter-governmental body established by the United Nations General Assembly.
- It publishes Trade and Development Report.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding United Nations Conference ...
The correct answer is option 'C' - Both 1 and 2.
Explanation:
1. It is a permanent inter-governmental body established by the United Nations General Assembly:
The United Nations Conference on Trade and Development (UNCTAD) is indeed a permanent inter-governmental body established by the United Nations General Assembly. It was established in 1964 with the aim of promoting economic development, especially in developing countries, and to ensure that the benefits of international trade are shared more equitably.
UNCTAD is headquartered in Geneva, Switzerland and operates under the guidance of the United Nations General Assembly and the United Nations Economic and Social Council (ECOSOC). It consists of 195 member states and serves as a platform for governments to discuss and coordinate trade and development-related policies and initiatives.
2. It publishes the Trade and Development Report:
The second statement is also correct. UNCTAD publishes an annual flagship report called the Trade and Development Report (TDR). The TDR provides in-depth analysis and policy recommendations on global economic trends, trade, investment, and development issues. It offers insights into the current state of the global economy and provides valuable policy guidance for member countries, particularly developing nations.
The Trade and Development Report covers a wide range of topics, including macroeconomic policies, trade and investment policies, financial markets, technology transfer, sustainable development, and the impact of globalization on developing countries. It is widely recognized as a key source of information and analysis on trade and development issues and is utilized by policymakers, researchers, and economists around the world.
In conclusion, both statements regarding the United Nations Conference on Trade and Development (UNCTAD) are correct. It is a permanent inter-governmental body established by the United Nations General Assembly, and it publishes the Trade and Development Report, which provides valuable analysis and policy recommendations on global economic trends and development issues.
Explanation:
1. It is a permanent inter-governmental body established by the United Nations General Assembly:
The United Nations Conference on Trade and Development (UNCTAD) is indeed a permanent inter-governmental body established by the United Nations General Assembly. It was established in 1964 with the aim of promoting economic development, especially in developing countries, and to ensure that the benefits of international trade are shared more equitably.
UNCTAD is headquartered in Geneva, Switzerland and operates under the guidance of the United Nations General Assembly and the United Nations Economic and Social Council (ECOSOC). It consists of 195 member states and serves as a platform for governments to discuss and coordinate trade and development-related policies and initiatives.
2. It publishes the Trade and Development Report:
The second statement is also correct. UNCTAD publishes an annual flagship report called the Trade and Development Report (TDR). The TDR provides in-depth analysis and policy recommendations on global economic trends, trade, investment, and development issues. It offers insights into the current state of the global economy and provides valuable policy guidance for member countries, particularly developing nations.
The Trade and Development Report covers a wide range of topics, including macroeconomic policies, trade and investment policies, financial markets, technology transfer, sustainable development, and the impact of globalization on developing countries. It is widely recognized as a key source of information and analysis on trade and development issues and is utilized by policymakers, researchers, and economists around the world.
In conclusion, both statements regarding the United Nations Conference on Trade and Development (UNCTAD) are correct. It is a permanent inter-governmental body established by the United Nations General Assembly, and it publishes the Trade and Development Report, which provides valuable analysis and policy recommendations on global economic trends and development issues.
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Community Answer
Consider the following statements regarding United Nations Conference ...
Recently, the United Nations Conference on Trade and Development (UNCTAD) published its World Investment Report 2023.
- It is a permanent inter-governmental body established by the United Nations General Assembly in 1964.
- It is responsible for dealing with development issues, particularly international trade.
- Framing policies in various domains such as trade, technology, finance, aid, and transport are the most important priorities of UNCTAD.
- The Conference ordinarily meets once in four years.
- The second UNCTAD Conference took place in New Delhi, India in 1968.
- Members: 195 countries
- Headquarters: Geneva, Switzerland
- Reports published by the UNCTAD: Trade and Development Report, The Least Developed Countries Report and Commodities and Development Report etc.
Hence both statements are correct.
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Consider the following statements regarding United Nations Conference on Trade and Development: It is apermanent inter-governmental bodyestablished by the United Nations General Assembly. It publishes Trade and Development Report.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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