What are the achievements and failure of UNCTAD?

Answer 1

The United Nations Conference on Trade and Development (UNCTAD) has achieved significant milestones in promoting trade and development, particularly through its research, policy advocacy, and capacity-building initiatives aimed at developing countries. It has successfully facilitated global discussions on trade policies and sustainable development, contributing to the establishment of frameworks such as the Sustainable Development Goals (SDGs). However, UNCTAD has faced challenges, including criticism for its limited influence on global trade negotiations and the difficulty in effectively implementing its recommendations due to lack of funding and political will among member states. These shortcomings highlight the ongoing struggle to balance diverse national interests in the global economic landscape.