Publications

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Slowdown in productivity growth posing a medium term challenge for developing countries
Weaker-than-expected first quarter growth in the United States of America
Plunge in cocoa prices delaying economic recovery in West Africa
The United Nations Committee for Development Policy (CDP) comprises 24 independent specialists from a variety of disciplines. It advises the UN Economic and Social Council on emerging economic, social and environmental issues relevant to sustainable development and international co-operation. The paper argues that since its launch in 1965 the CDP has at times struggled to make an impact, but that it has been most effective when it has been at its most creative and when it has broken with convention.
The CDP helped put into practice the target that developed countries should devote 0.7% of their gross national income to official development assistance. The Committee created the least…
This paper analyzes opportunities for growth in Nepal by applying the policy tool of New Structural Economics ? Growth Identification and Facilitation Framework (GIFF). Drawing on firm level surveys, stakeholder interviews, and existing datasets it aims to contribute to policy discussions in Nepal and to demonstrate the use of the GIFF for other least developed countries. The report argues that Nepal should seek to capture industrial transfer from China to establish a foothold in global value chains, create employment and catalyze structural transformation. The report identifies product-level advantages arising from preferential market access and sector-specific binding constraints, and…
Trade, investment and technology decisions at firm level interact with each other and affects aggregate productivity growth. This also illustrates the self-propagating forces of the current situation of the world economy.
Report of the Committee for Development Policy (E/2017/33, Supplement No. 13)
This paper examines the process of building productive capacity in Ethiopia over the past two decades and the roles played by the state, government, the private sector, foreign firms and development partners. Productive capacity is defined broadly as the natural resource potential, accumulation of human capital and the institutions that facilitate inclusive and sustainable economic growth. This process also encompasses the nurturing modern entrepreneurial skills in the private sector and fostering innovation. The paper starts with an overview of Ethiopia's economic growth and the change in the domestic economic structure. The manufacturing sector is seen as the success of Ethiopia's Growth…
The 19th session was held from 20-24 March at UN Headquarters in New York
The United States Federal Reserve raises its key policy rate by 25 basis points, amid continued strengthening of labour market conditions
Rapid rise in inflation poses policy challenges for several developing economies in Africa, South Asia and Western Asia
East Asian economies are experiencing a rebound in exports, but the trade outlook faces significant downside risks