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The Unctad report urged African governments to lower current account deficits, diversify exports, combat corruption and ensure greater efficiency in spending and revenue collection.
Deloitte's auditors offer feedback on the Unctad principles – in particular, they encourage the principles to become more explicit and suggest ways in which they can become more operational.
These are pretty straightforward principles that advocate for relatively minor levels of regulation that we're currently missing," LeCompte, a member of the Unctad working group, said.
The UNCTAD Secretariat, whose members form part of the UN Secretariat, performs policy analysis, monitors and implements the decisions of UNCTAD's intergovernmental bodies, and provides for technical cooperation and exchanges of information.
The UNCTAD report, on the other hand, is based on much older statistics and a survey that asked a smattering of anonymous company executives from multinationals around the world where they might like to invest in the future.
The Unctad report, for instance, noted the rise of "business process outsourcing," in which companies in countries with high labor costs contract information technology and other service jobs to foreign workers abroad.
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Additional sources of information were the National Trade Estimate of the United States Trade Representative, the World Trade Organization's Trade Policy Review, trade policy analyses conducted by the USDA's Economic Research Service, the UNCTADs TRAINS database and academic articles.
The Trade and Development Board, UNCTAD's executive body, is responsible for the operations of the organization when the Conference is not in session.
This topic has been the subject of attention even supranational organizations such as the United Nations Conference on Trade and Development (UNCTAD), the European Union or the United Nations Educational, Scientific and Cultural Organization (UNESCO).
In the 1990s UNCTAD's efforts were directed toward the challenges globalization poses to developing countries, and special attention was focused on measures to help the poorest and least developed countries become integrated into the world economy.
Following the East Asian financial crisis of the late 1990s, UNCTAD and other UN agencies took part in discussions aimed at creating a new international financial architecture designed to control short-term capital flows.
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