A new report of the United Nations Conference on Trade and Development (UNCTAD) calls for a Global New Deal to build more inclusive, sustainable and caring economies. The three R’s original deal New Deal in the 1930s are as relevant today – combining economic Recovery with Regulatory reforms and Redistribution policies, according to UNCTAD’s Trade and Development Report 2017 (TDR 2017) launched today in Addis Ababa. “For many people and countries, the ladder of development is increasingly becoming difficult to climb as a result of those barriers. Hyper-globalization has fueled a significant rise in restrictive business practices and the rents such practices generate have led to rising inequality in a winner takes most world, according to TDR 2017. We are inter-alia, harnessing our demography as a source of competitiveness by investing in our youth since Africa has the youngest population in the world,” Commissioner Muchanga said.

Source: News Business Ethiopia September 15, 2017 10:30 UTC