Global economic developments 2001 - 2003

This document analyses selected global economic developments during 2001-2003. It is structured in six sections. The first and second sections deal with economic performance in developed and developing economies. The third section presents the different interpretations of the Argentine crisis. The fourth section examines the lessons of the Argentine episode for smaller economies and, more specifically, Caribbean countries. The fifth section centers on the Monterrey Conference, and its follow-up actions. This section also analyses the relationship between the Monterrey Consensus and the development needs of Caribbean economies. The last section focuses on the Doha ministerial conference follow-up and the current state of the trade negotiations between Central America and the United States.