UN Trade and Development (UNCTAD)’s Post

💭Day 1 #AAC2023 'Focus on Timor-Leste: economy, equality, and development. 📉 “A lack of economic diversification is often associated with increased vulnerability to external shocks that can undermine prospects for longer-term economic growth.” (World Trade Organization) 🛢🌏 Guteriano Neves, Research and Analytics Manager for PROSIVU, spoke at the Australasian AID Conference about Timor-Leste's dependence on petroleum revenues while reinforcing the urgency of economic diversification into other non-oil sectors to bring about inclusive growth, job creation, poverty reduction, and fiscal sustainability. Guteriano argued that economic diversification requires institutional reform. For this to be successful in Timor-Leste, we need to consider… 🔹 economic diversification and inclusive economic growth is a complex and long-term undertaking 🔹 providing support to Timor-Leste to improve the quality of institutional strengthening and governance 🔹 public engagement through local civil society 🔹 work together with youth and emerging leaders 🔹 flexibility to adjust in a rapidly changing context. PROSIVU is supported by the Australian Government and implemented by DT Global. #WeAreDTGlobal #InternationalDevelopment #Aid #Conference #TimorLeste

For six decades, UN Trade and Development (UNCTAD) has stood as a beacon of support for developing nations.    Our cutting-edge research and analysis, technical cooperation and consensus-building have shaped fairer, more sustainable economic and trade policies worldwide.    Our mission remains to support developing countries to access the benefits of a global economy and meet the new challenges it presents – to ensure prosperity for all.    On June 12-14, the UN Secretary-General, heads of state, ministers, government officials, experts and leading economists will convene to discuss urgent trade and development challenges in an increasingly diverse and challenging global economy. #UNCTAD60    Join the UN SDG Action Campaign and UN Trade and Development (UNCTAD) in #Geneva and online: https://lnkd.in/eSjCCezf 

More than 60 years on, UN Trade and Development (UNCTAD) continues to stand as a beacon of support for developing nations. Learn about its equitable and inclusive global trading system that drives economic growth, reduces poverty, and fosters social progress here: https://lnkd.in/gjYByKWW #UNToday #UNCTAD #development

Economic conditions will remain challenging in 2024, predicts the latest UN #WorldEconomyReport. UN DESA Head Li Junhua calls for more robust and effective multilateral initiatives to help put developing countries on a path of sustainable and inclusive growth. 🔗desapublications.un.org

As I delve into the World Economic Prospects Report 2024, the reaffirmation of the importance of partnerships, climate financing, and private sector mobilization resonates profoundly with the work we do at Sida. The challenges outlined demand collaborative, innovative, and bold solutions. Together, through strategic partnerships and a commitment to sustainable financing, we can pave the way for a resilient and inclusive global future. In Georgia, fostering an environment that encourages sustainable practices, not the least in international trade, will not only stimulate economic growth but also attract private sector participation for transformative impact.

Policies and programs are designed to promote equal opportunities for all individuals, including marginalized and vulnerable groups. The United Nations Development Program (UNDP) aligns its goals with the SDGs to address regional disparities and promote sustainable growth globally. The goal of “reduced inequalities” seeks to ensure that economic growth benefits are shared more equally with in and between regions. Regional development encompasses a comprehensive approach to fostering economic growth. Based on this I will be investing in “The Impact of Trade Openness on the Economic Growth of the East African Community “ panel data analysis to provide empirical evidence for policy formulation and improvement as well as contribute to the existing body of literature

Preparing for #SIDS4? 🌟Excited to share OECD Development's latest publication: Triangular Co-operation with Small Island Developing States (SIDS) This short paper, grounded in data and real-world examples, demonstrates how triangular partnerships, including SIDS-to-SIDS exchanges, can drive sustainable growth and resilience in these vulnerable regions. Next week, let's join forces to drive a sustainable and resilient future for Small Island Developing States through effective triangular co-operation. 🌏💡 📄 Read the full publication here: https://lnkd.in/du3NRSz7 Thanks to all the colleagues who supported this effort! Rahul Malhotra, Nadine Piefer-Söyler, Eric Bensel, Juan Casado-Asensio, Camilo Gamba, Marisa Berbegal Ibáñez, and Ola Kasneci. #TriangularCooperation

A Tribute to Raul Prebisch: First Secretary General of #UNCTAD! 🌟 A pioneering economist who profoundly influenced global economic policies through his concept of the ”center and periphery”, Raul Prebisch held the post of first Secretary-General of UN Trade and Development (UNCTAD) from 1964 to 1969. 📜🌏 ➢ In 1948, Prebisch joined the United Nations Economic Commission for Latin America (ECLA) as Executive Secretary until 1963, formulating the Prebisch-Singer hypothesis, which posits that the terms of trade for primary goods decline relative to manufactured goods over time. ➢ His theory highlighted structural disparities between developed and developing nations, showing how peripheral countries are marginalized in the global economic system. ➢ He challenged classical trade policies, advocating for import substitution industrialization (ISI) to promote domestic industrial development in Latin America. ➢ He emphasized the need for a fairer international economic order, addressing poverty and creating a more inclusive global economy. Prebisch’s insights were instrumental in shaping UNCTAD’s agenda, focusing on the need to address poverty at the margins and create a more inclusive global economy. 🌐 His legacy continues to inspire our work at the CFC, as we strive to empower commoditydependent developing countries to achieve sustainable development and economic growth. His pioneering spirit and unwavering commitment to equity remain a cornerstone of our collective mission. 🤝 🌎 #UNCTAD60 #CFC #ImpactInvesting #SustainableDevelopment

Beyond the pinnacle, what role do normative standards play in differentiating countries, and how can the successes and challenges of nations excelling in specific areas contribute to a more comprehensive vision for global progress? In this comparative study, we unveil the key areas of OECD - OCDE countries to focus on and to take as an example to improve the other lacking areas. More information on the Future Potential Index is accessible on the MOME website, the link is in the comments. #FuturePotentialsObservatory #FuturePotentialIndex #OECD

𝐌𝐮𝐥𝐭𝐢𝐩𝐨𝐥𝐚𝐫𝐢𝐭𝐲 𝐢𝐬 𝐧𝐨𝐭 𝐚 𝐜𝐡𝐨𝐢𝐜𝐞, 𝐦𝐮𝐥𝐭𝐢𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐦 𝐢𝐬. I’m back in UN Geneva for UN Trade and Development (UNCTAD) 60th anniversary - more than just a celebration, it’s a moment to gather and discuss on both the path behind us and the road forward. Rebeca Grynspan, the Executive Secretary General of UNCTAD, highlighted a crucial point in her opening speech:  🗣️ We live - as a matter of fact - in a time of 𝘮𝘶𝘭𝘵𝘪𝘱𝘰𝘭𝘢𝘳𝘪𝘵𝘺, yet this doesn't ncessarily translate into 𝘮𝘶𝘭𝘵𝘪𝘭𝘢𝘵𝘦𝘳𝘢𝘭𝘪𝘴𝘮. Instead, we're witnessing fragmentation and a high risk of sustainable development getting "lost in the cacophony of competing interests." 💫 But here's the key takeaway: while multipolarity isn't a choice, 𝐦𝐮𝐥𝐭𝐢𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐦 𝐈𝐒 𝐚 𝐜𝐡𝐨𝐢𝐜𝐞. It must be our choice. The new paradigm of development should be based on: - inclusion and representation in governance - fairer rules in trade and the environment - much less inequity in international finance UNCTAD 60th as of now has been a call to action to rethink “𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘢𝘴 𝘶𝘴𝘶𝘢𝘭” and a prelude to the upcoming Summit of the Future 💬 How do you think we can strengthen #multilateralism in today's multipolar world? --- If you found this insightful, consider resharing ♻️ and follow me for more updates on #sustainable #development and international cooperation 👉 Nadia Paleari