Contributor(s): Dr Heiner Flassbeck | Launch Lecture of the UNCTAD Trade and Development Report 2010. As nations struggle with what they fear will be a "jobless recovery" from the global recession, the report studies how employment can be raised in developing countries and how the participation of the majority of the population in economic growth can be warranted. The report recommends a fundamental change in the assignment of economic policies to allow for growth, inclusion, high employment and monetary stability at the same time. Dr Heiner Flassbeck is Honorary Professor of Hamburg University and Director, Division on Globalization and Development Strategies, UNCTAD secretariat. He is the leader of the team preparing the Trade and Development Report. Previously, he was the Vice-Minister of Finance in Germany and Chief Economist of the German Institute of Economic Research in Berlin. Robert Wade is Professor of Political Economy and Development in the Department of International Development at LSE.