GLOBALIZATION AND LIBERALIZATION: 
        Development in the face of two powerful currents 
        June 1996 
        Report of the Secretary-General of UNCTAD to the ninth session of the Conference  
        TABLE OF CONTENTS  
        
          Chapter I 
          - Trade and development in a liberalized and globalizing world
            economy 
            
            
              - 1. Liberalization and the broadening scope for private initiative
 
                2. The globalizing world economy  
             
            
            
              -           1. The role of the State 
 
              
                  - (a) The State, enterprises and development in a globalizing economy 
 
                  - (b) The State and the sustainability of development 
 
                  - (c) The State and the distribution of economic benefits 
 
                  - 2. Seizing the opportunities 
 
                 
               
              
                  - (a) Trading opportunities arising from the Uruguay Round 
                      
                        - (i) Trade policy implications 
 
                        - (ii) Issues of trade efficiency 
 
                       
                     
                   
                  - (b) Opportunities related to international capital flows and the financing of  
                          development 
 
                  - (c) Opportunities provided by international production 
 
                  - (d) Globalization, liberalization and economic and technical cooperation    
                            among countries 
 
                 
               
              - 3. Meeting the challenges 
                  - (a) Loss of policy autonomy 
 
                  - (b) Financial openness and the risk of instability and disruption to    
                                     development 
 
                  - (c) The phenomenon of marginalization 
                      
                        - (i) Supply-side impediments 
 
                        - (ii) Commodity dependence 
 
                        - (iii) Difficulties in attracting FDI 
 
                        - (iv) The decline in official development assistance (ODA) 
 
                        - (v) Continued difficulties with external debt 
 
                       
                     
                   
                 
               
             
            
            
              -     1. Globalization, interdependence and economic management
 
                    2. Evolving institutional, legal and regulatory frameworks  
              
                  - (a) The international trading system: new and emerging issues 
 
                  - (b) Current trends in the evolution of arrangements governing foreign direct  
                        investment 
 
                  - (c) Current trends in the evolution of the regulatory framework for      
                                  international financial flows 
 
                 
               
             
            
           
          Chapter II 
          - Promoting international trade as an instrument for
            development in the post-Uruguay Round world 
            
              - 1. Trade policy 
                  - (a) Effective implementation of the Uruguay Round commitments and      
                             further liberalization 
 
                  - (b) Measures to alleviate transitional costs 
 
                  - (c) Measures to enhance the effectiveness of the generalized system of    
                              preferences (GSP) 
 
                  - (d) Assistance to enhance the capacity of the developing countries and    
                            countries in transition to participate effectively in the WTO
                    system of           rights and obligations 
 
                  - (e) Structural adjustment policies of developed countries 
 
                 
               
              - 2. Trade Efficiency 
                  - (a) Establishing a Trade Efficiency Review Mechanism (TERM) 
 
                  - (b) Providing the Global Information Infrastructure with a development    
                           dimension 
 
                  - (c) The creation of subregional GII nodes 
 
                 
               
              - 3. Measures and actions to address commodity dependence 
                  - (a) Reduction of the instability and risks faced by the commodity-export-    
                         dependent developing countries 
 
                  - (b) Promotion of commodity diversification 
 
                  - (c) The efficient management of natural resources 
 
                 
               
             
            
            
              - 1. Competition policy 
 
              - 2. Trade and investment 
 
              - 3. Trade and environment 
 
              - 4. Regionalism and the new and emerging issues 
 
             
            
           
          Chapter III 
          - Promoting enterprise development and competitiveness in
            developing countries and countries in transition 
            
              - 1. Main features 
 
              - 2. The East Asian experiences 
 
             
            
            
              - 1. The enabling environment 
                  - (a) Fostering business confidence and investment 
 
                  - (b) Strengthening government-business relationships 
 
                 
               
              - 2. Formulating national strategies for enterprise development 
                  - (a) Elements of an enterprise development strategy 
                      
                        - (i) Mobilizing entrepreneurial resources 
 
                        - (ii) Supporting micro-enterprises in the informal sector 
 
                        - (iii) Assisting small and medium-size enterprises 
 
                        - (iv) Access to support services 
 
                        - (v) Access to finance 
 
                        - (vi) Access to information networks 
 
                        - (vii) Building technological capabilities at the enterprise level 
 
                        - (viii) Encouraging inter-firm linkages 
 
                        - (ix) Regional cooperation 
 
                       
                     
                   
                 
               
             
            
            
              - 1. Global supporting activities 
                  - (a) Fielding of enterprise development missions, especially in LDCs 
 
                  - (b) Ensuring that structural adjustment programmes include strong measures    
                     in favour of enterprise development 
 
                  - (c) Activities aimed at enhancing enterprise competitiveness 
                      
                        - (i) Capacity building for producer services 
 
                        - (ii) Capacity building in trade efficiency 
 
                        - (iii) Science, technology and innovation policy reviews 
 
                       
                     
                   
                  - (d) Diffusing "best support practices" for enterprise development 
 
                 
               
              - 2. Issues for intergovernmental action 
 
              - 3. Establishment of a Global Advisory Committee 
 
             
           
          Chapter IV 
          - Future work of UNCTAD in accordance with its mandate;
            Institutional implications - Some personal reflections 
 
         
         
        Note  
        The present report TD/366/Rev.1, prepared for the ninth session of the United Nations
        Conference on Trade and Development was issued in a preliminary version with a symbol
        TD/366.  
         
        
                          |