Trade and Development Report, 2021

The world needs more effective multilateral coordination, without which recovery efforts in advanced countries will damage development prospects in the South and amplify existing inequalities. Elaborate. (250 Words)

Approach:

• In the introduction, provide a brief about the glaring inequalities that exist between developed and developing countries
• Enumerate how resources are utilized by developed countries leaving little for developing countries
• Enumerate the steps that should be taken at Global level by India to tackle this issue.
• Conclusion