SUSTAINABLE DEVELOPMENT

July 25, 2011 at 2:14 pm | Posted in Development, Earth, Economics, Financial, Globalization, Third World, World-system | Leave a comment

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SUSTAINABLE DEVELOPMENT, TRADE TO TOP AGENDA

AS BAN VISITS FINLAND AND SWITZERLAND

UNNews UNNews@un.org

Mon, 11 Jul 2011

New York, Jul 11 2011

SUSTAINABLE DEVELOPMENT,TRADE TO TOP AGENDA AS BAN VISITS FINLAND AND SWITZERLAND

Sustainable development and global trade will be the focus of Secretary-General Ban Ki-moon’s visits to Finland and Switzerland later this week, his spokesperson announced today.

On Friday, Mr. Ban will meet with President Tarja Halonen of Finland, spokesperson Martin Nesirky told reporters in New York.

They will participate in a panel discussion about sustainable development in SuomiAreena, during which they will discuss the role of the UN in advancing the goals of sustainable development.

The discussions come as preparations continue for the Fourth UN Conference on Sustainable Development, or Rio+20, which will be held in the Brazilian city in June 2012.

After visiting Finland, the Secretary-General will travel to Geneva, where he will meet with President Micheline Calmy-Rey of Switzerland and attend the Third Global Aid for Trade Review of the World Trade Organization (WTO).

Aid for Trade aims to help developing countries, particularly least developed countries, develop the trade-related skills and infrastructure that is needed to implement and benefit from WTO agreements and to expand their trade.

The two-day review, which begins on 18 July, will provide an overview of what is – and is not – happening in the delivery of Aid for Trade, including current flows, existing gaps, and where improvements need to be made.

Jul 11 2011

UN News Centre at http://www.un.org/news

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SUSTAINABLE DEVELOPMENT, TRADE TO TOP AGENDA

AS BAN VISITS FINLAND AND SWITZERLAND

UNNews UNNews@un.org

Mon, 11 Jul 2011

EMERGING ECONOMIES FUEL RECOVERY AS GROWTH

REMAINS WEAK IN RICH COUNTRIES – UN

UNNews UNNews@un.org

Wed, 25 May 2011

New York, May 25 2011

EMERGING ECONOMIES FUEL RECOVERY AS GROWTH REMAINS WEAK IN RICH COUNTRIES – UN

Large economies in developing countries – mainly China, Brazil and India – continue to lead the global recovery, amid weaker performances in relatively richer nations, where concerns over huge public debt have led to austerity measures that have dampened growth prospects, according to a new United Nationshttp://www.un.org/en/development/desa/policy/wesp/index.shtml report.

The mid-year issue of the World Economic Situation and Prospects (WESP), released today, points out that the outlook for growth is moderating in even the biggest economies in Asia and Latin America because of several increasingly pressing concerns.

Those concerns include rising inflation, emerging domestic asset price bubbles, and upward pressure on exchange rates, fuelled in part by large capital inflows.

The world gross product (WGP) is expected to grow by 3.3 per cent this year and 3.6 per cent in 2012, only a slight upward adjustment from the forecasts released in the WESP 2011 at the beginning of the year.

Unemployment in developed economies fell in some countries, but the number of people out of work for six months or longer continues to rise, according to the report, prepared by the UN Department of Economic and Social Affairs (DESA), UN Conference for Trade and Development (UNCTAD), and the five UN regional social and economic commissions.

Unemployment also fell as a result of many jobless persons stopping their search for work, the report notes.

Among the economies in transition, employment improved in the Commonwealth of Independent States (CIS), but remained weak in South-Eastern Europe. Employment levels generally have returned to above pre-crisis levels in developing countries, especially in East Asia, according to the report.

At current levels of economic growth, it would four to five years before employment rates revert to pre-crisis levels in developed countries, according to the report.

The devastating earthquake and tsunami and subsequent nuclear crisis in Japan in March shook world financial markets and disrupted important global supply chains, while the recent political unrest in the Middle East and North Africa has led to a surge in oil prices. Global prices of food and other primary commodities have also soared.

The report warns that global recovery is still fragile and could suffer setbacks if public debt problems and continued financial sector fragility in developed economies are not adequately addressed and global commodity prices continue to surge, triggering further belt-tightening.

In the outlook for the rest of 2011 and for 2012, WESP predicts that more countries are expected to further unwind both monetary and fiscal support measures.

The report suggests a number of global policy interventions to address the risks.

They include developed countries avoiding the temptation to prematurely tighten fiscal policies. Those policies should instead be redesigned to strengthen impact on employment and promote structural change for more sustainable economic growth over the medium- and longer-term.

For both developed and developing countries, a prudent policy would be to target public investments with a view to alleviating infrastructure bottlenecks that hamper growth prospects and tackling environmental challenges, including by accelerating the transformation of the energy sector to drastically reduce greenhouse gas emissions and investing in sustainable food agriculture.

The report urges ensuring that sufficient resources are made available to developing countries, especially those with limited resources and which face huge development needs. The resources will be needed, in particular, to accelerate progress towards the achievement of the Millennium Development Goals (MDGs) and for investment in sustainable growth. It also calls for ways to achieve effective policy coordination among major economies.

May 25 2011

UN News Centre at http://www.un.org/news

EMERGING ECONOMIES FUEL RECOVERY AS GROWTH

REMAINS WEAK IN RICH COUNTRIES – UN

http://www.un.org/en/development/desa/policy/wesp/index.shtml

UNNews UNNews@un.org

Wed, 25 May 2011

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