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There are significant threats to sustainable food security and nutrition in the long-run, including demographic and environmental pressures and changing business practices in agriculture with the emergence of global values chains. The global nature and public good aspects of the challenges require coordinated responses and urgent improvement of the global governance of food security. This paper argues for the strengthening of the Committee on World Food Security to ensure greater coherence in the global approach to food security and the multilateral trade, financial and environmental regimes.
Global issues
Decline in capital inflows to emerging markets gains pace
Capital inflows to emerging economies continued a gradual but steady decline, amid domestic weaknesses and less favourable exter
Global trade flows drops in value terms amid persistently weak commodity prices and stronger US dollar
Budget cuts and increasing fiscal strains in many commodity-exporting developing countries
? The United States of America avoids a fiscal stand-off ?
Emerging economies brace for net capital outflows for the first time in many years ?
Third quarter growth in China beats expe
Income convergence between developed and developing countries in recent years is mainly the result of rapid economic growth in Asia. The distance between average per capita income in other developing regions and that in developed countries has not changed significantly; between-country inequality continues to be a cause of concern.
The understanding of inequality has evolved from the traditional outcome-oriented view, whereby income is used as a proxy for well-being. The opportunity-oriented perspective acknowledges that circumstances of birth are essential to life outcomes and that equality of opportunity requires a fair starting point for all.
There are many measures of inequality that, when combined, provide nuance and depth to our understanding of how income is distributed. Choosing which measure to use requires understanding the strengths and weaknesses of each, and how they can complement each other to provide a complete picture.
Measuring poverty with a single income or expenditure measure is an imperfect way to understand the deprivations of the poor since, for example, markets for basic needs and public goods may not exist. Complementing monetary with non-monetary information provides a more complete picture of poverty.
The subject of inequality appears throughout the 2030 Agenda for Sustainable Development, both directly and indirectly. When examined across the four different angles of inequality?access, gender, opportunity and outcomes?many goals and targets of the Sustainable Development Goals are clearly linked to inequality.
The DESA Expert Group Meeting on the World Economy was held from 21-23 October 2015 at the UN Headquarters in New York. More than seventy economists from all over the world participated in discussions on the current state of the world economy, regional outlook, world commodity markets and global modelling and econometrics.