By R Nastranis
IDN-InDepth NewsReport
GENEVA (IDN) – The United Nations Conference on Trade and Development (UNCTAD) is living up to its name and mandate given 48 years ago. Its latest Trade and Development Report concludes that austerity measures have not led to economic growth, and recommends supportive government policies to get over the crisis. This pro-people approach corresponds with organization’s goals, explained on its website: to “maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis.”