Which of the following statements best describes a key finding from the recent andlsquo;Trade and Development Report Updateandrsquo;?a)The report suggests that global trade has significantly declined due to trade wars and protectionist policies.b)The report highlights that developing countries are experiencing rapid growth in their exports, contributing to global economic stability.c)The report indicates that digitalization and technological advancements have had a minimal impact on global trade patterns.d)The report emphasizes that sustainable development goals (SDGs) are hindering international trade agreements.Correct answer is option 'A'. Can you explain this answer?

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Which of the following statements best describes a key finding from the recent ‘Trade and Development Report Update’?

a)
The report suggests that global trade has significantly declined due to trade wars and protectionist policies.
b)
The report highlights that developing countries are experiencing rapid growth in their exports, contributing to global economic stability.
c)
The report indicates that digitalization and technological advancements have had a minimal impact on global trade patterns.
d)
The report emphasizes that sustainable development goals (SDGs) are hindering international trade agreements.

Correct answer is option 'A'. Can you explain this answer?

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Which of the following statements best describes a key finding from th...

Trade and Development Report Update (April 2024)

Published by the United Nations Conference on Trade and Development (UNCTAD)
Key Findings:
- Global merchandise trade decline: In 2023, global merchandise trade decreased by approximately 1% in real terms due to trade tensions among major economies, subdued global demand, and disruptions in key shipping routes.
- Impact of developed economies’ monetary policy on developing countries: Rapid and simultaneous tightening of monetary policy by major developed economies has led to higher debt servicing costs and challenges in securing new financing options for developing countries. Additionally, increased interest rates in developed countries have depreciated currencies in developing nations, and double-digit interest rates set by central banks in many developing countries have negatively affected domestic demand, employment, and household incomes.
- Global debt crisis: Developing countries’ governments are struggling with increasing debt payment obligations. This year marked the first instance of a net negative resource transfer from developing to developed countries since 2008. By 2023, nine low-income countries had fallen into debt distress, with an additional 25 on the brink.

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Which of the following statements best describes a key finding from the recent ‘Trade and Development Report Update’?a)The report suggests that global trade has significantly declined due to trade wars and protectionist policies.b)The report highlights that developing countries are experiencing rapid growth in their exports, contributing to global economic stability.c)The report indicates that digitalization and technological advancements have had a minimal impact on global trade patterns.d)The report emphasizes that sustainable development goals (SDGs) are hindering international trade agreements.Correct answer is option 'A'. Can you explain this answer?

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Which of the following statements best describes a key finding from the recent ‘Trade and Development Report Update’?a)The report suggests that global trade has significantly declined due to trade wars and protectionist policies.b)The report highlights that developing countries are experiencing rapid growth in their exports, contributing to global economic stability.c)The report indicates that digitalization and technological advancements have had a minimal impact on global trade patterns.d)The report emphasizes that sustainable development goals (SDGs) are hindering international trade agreements.Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements best describes a key finding from the recent ‘Trade and Development Report Update’?a)The report suggests that global trade has significantly declined due to trade wars and protectionist policies.b)The report highlights that developing countries are experiencing rapid growth in their exports, contributing to global economic stability.c)The report indicates that digitalization and technological advancements have had a minimal impact on global trade patterns.d)The report emphasizes that sustainable development goals (SDGs) are hindering international trade agreements.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements best describes a key finding from the recent ‘Trade and Development Report Update’?a)The report suggests that global trade has significantly declined due to trade wars and protectionist policies.b)The report highlights that developing countries are experiencing rapid growth in their exports, contributing to global economic stability.c)The report indicates that digitalization and technological advancements have had a minimal impact on global trade patterns.d)The report emphasizes that sustainable development goals (SDGs) are hindering international trade agreements.Correct answer is option 'A'. Can you explain this answer?.

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