Some Observations on the Question of Coherence and Development

In a closely integrated world economy, no country should be expected to be able to put its house in order independently of what is happening elsewhere. This is true for all countries, including the most advanced, but above all for developing countries. The issue of coherence should accordingly be formulated not just in terms of the impact of rich countries’ policies on the poor, but also of the repercussions for multilateral rules and practices for development.