Excerpt from the 2014 Trade and Development Report: Global Governance and Policy Space for Development, published yesterday by the UN Conference on Trade and Development. From pages 80 to 86:
Successful development experiences have generally been associated with structural transformation. This section examines the constraints faced by developing countries in adopting the trade and investment policies they deem to be the most suitable for structural transformation. In particular, it focuses on the multiplicity of trade agreements (multilateral, bilateral and regional) and how they restrict national policy space.