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CO2 emissions expected to reach an historical high in 2018
The low cost of coal relative to alternative energy sources is slowing progress towards energy transition in many regions
Phasing out coal use requires a reliable and stable alternative energy supply, plus support to the economic and employment transition in regions dependent on coal production
Global growth may have reached a peak
Firms in the United States and Japan are facing capacity constraints
Manufacturing activity slows in developed and developing economies
Santiago, 5-7 September Global Economic Outlook, September
Russian Federation commits to halving poverty by 2024
China turns to pro-growth measures to mitigate the impact of the trade disputes
Fiscal pressures creating significant policy challenges in Latin America
High commodity dependence and structural barriers hindering long-term growth prospects of many developing countries; intensifying trade tensions between the major economies poses a significant risk to the global growth outlook; recent financial market turbulence exposes vulnerabilities in several developing economies
Improved economic performance in the global economy increasingly overshadowed by heightened risks and humanitarian concerns; armed conflicts a major impediment to progress on sustainable development; need for a redoubling of policy efforts to support conflict prevention and resolution
One of the most important elements of the 2030 Agenda and the SDGs is the strong commitment to inclusive development, and leaving no one behind has emerged as a central theme of the agenda. How did this consensus come about? And what does this term mean and how is it being interpreted? This matters because the influence of SDGs on policy and action of governments and stakeholders in development operates through discourse. So the language used in formulating the UN Agenda is a terrain of active contestation. This paper aims to explain the politics that led to this term as a core theme. It argues that LNOB was promoted to frame the SDG inequality agenda as inclusive development, focusing on…
Voluntary national reviews (VNRs), are an important innovation as a United Nations process for follow up to the adoption of development agendas. The paper analyses how countries addressed three key cross-cutting issues of the 2030 Agenda for Sustainable Development in the VNRs submitted in 2017: leaving no one behind; addressing trade-offs through policy integration; and pursuing global partnership as means of implementation. While the VNRs contain already many interesting examples as basis for mutual learning and sharing of, the paper also identifies a need for more attention to these issues and more explicit discussions on strategies for their implementation.
We examine globalization's effects on those left behind in both industrial and emerging markets. While access to global markets has lifted billions out of poverty in emerging markets, the benefits have not been equally shared. Increased competition through globalization as well as skill-biased technical change has hurt less educated workers in rich and poor countries. While much of the rising inequality is often attributed to globalization alone, a brief review of the literature suggests that labor-saving technology has likely played an even more important role. The backlash has focused on the negative consequences of globalization in developed countries, and now threatens the global…
Rising levels of public debt fueling fiscal sustainability concerns in many developing countries
Several countries highly vulnerable to a sharp increase in government interest burden in the event of a financial shock
High debt service obligations limit the availability of resources to pursue development objectives