Publicación de UN Trade and Development (UNCTAD)

The world is facing an unprecedented development crisis: the debt crisis. Global public debt has more than doubled from $51 trillion in 2010 and may surpass $100 trillion by 2024. This poses a direct threat to achieving the Sustainable Development Goals. Developing countries owe nearly one-third of this debt, and their debt is growing twice as fast as that of developed nations. In some African countries, it exceeds 60% of GDP, and some developing countries pay interest rates up to 12 times higher than those in industrialized nations. People, not markets, are paying the price. https://ow.ly/Ojxy50Ts1f4 #OurCommonFuture

Creative services exports surged to $1.4 trillion in 2022, marking a 29% increase since 2017. Meanwhile, creative goods exports reached $713 billion, a 19% increase. Over the past decade, creative services' share of all service exports rose from 12% to 19%, while creative goods' share of all goods exports has remained steady around 3% since 2002. Developing countries primarily export creative goods, while developed countries dominate creative services exports. However, developing countries have significantly increased their share from 10% in 2010 to 20% in 2022. Explore the Creative Economy Outlook 2024: https://ow.ly/Ryhr50SM0m3

What are the best strategies and policies implemented at the national, regional, and international levels to effectively achieve structural transformation through domestic value addition in commodity-producing developing countries? Experts will discuss the strategic shift needed for these countries to transition from exporting raw materials to processing and manufacturing higher value-added products domestically, within the context of a just energy transition. Learn more: https://ow.ly/9jz250Ty94M

Turning water into fuel: The challenges of making green hydrogen cheaply.   The #WeeklyTradecast talks about a potential energy source that could play a vital role in the fight against climate change with economist and atmospheric physicist Robert Hamwey, who formerly worked at UN Trade and Development (UNCTAD).   Hydrogen is clean, green and abundant. But there are challenges – not least that it's expensive to make and often uses natural gas in the production process.   It is also very flammable. To liquefy it for shipping, it must be chilled to just shy of absolute zero. Energy companies already make most of the world’s hydrogen fuel, leaving critics to complain about vested interests.   Is hydrogen really an answer to our energy needs or just an expensive diversion? Listen in to Robert Hamwey to find out. https://ow.ly/NlUb50TBtHm

Kenya will hold consultations with key development partners on October 3 to discuss how to implement its new "Holistic Productive Capacities Development Programme," developed by UN Trade and Development (UNCTAD). This initiative aims to transform Kenya’s economic future. Prime Cabinet Secretary Musalia Mudavadi, alongside other cabinet secretaries and senior officials, will meet with donors, United Nations representatives, private sector leaders, and other stakeholders to explore new ways to promote long-term, sustainable economic growth. “This programme marks a transformative moment for Kenya's economic future,” said Paul Akiwumi, UNCTAD's director for Africa, least developed countries and special programmes. “It’s about building strong economic foundations and empowering people, businesses and institutions to innovate, compete and thrive.” The urgency for a new development approach is clear, as past models based on commodities have often failed to deliver sustainable, inclusive growth in many countries, including Kenya. Learn more: https://ow.ly/xUSm50TBkgv