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Global growth expected to reach 3.2 per cent in 2018 and 2019
Key downside risks to the global economy include rising trade tensions, elevated debt and uncertainty over monetary policy adjustments in the developed countries
Recent strengthening of economic growth carries environmental costs
Committee for Development Policy,?Report on the twentieth session? (12-16 March 2018) (E/2018/33)
The UN Resolution heralding the Sustainable Development Goals pledges to leave no one behind, and moreover "to reach the furthest behind first". This priority echoes the priority to the worst-off that is being discussed in philosophy, economics and related disciplines, but also the pleas of many actors who represent or fight for the most disadvantaged populations. This paper argues that serious theories do support such a priority and that the best policies implementing this priority do not necessarily involve the most intuitive anti-poverty targeted measures.
The paper focuses on two crucial issues that hinder the fiscal sovereignty of developing countries: the reduced level of international tax cooperation, and the lack of appropriate procedures for sovereign debt crisis resolution. The low level of international tax cooperation enables a race to the bottom in tax rates among countries, tax avoidance through profit-shifting activities by companies and tax evasion by individuals and companies, based on the existence of non-cooperative jurisdictions.
Short-term prospects for the world economy have continued to improve, according to the World Economic Situation and Prospects as of mid-2018. World gross product is expected to expand by 3.2 per cent in both 2018 and 2019, marking an upward revision from forecasts released in December 2017.
The 20th session was held from 12-16 March at UN Headquarters in New York
Report of the Committee for Development Policy (E/2018/33, Supplement No. 13)
عربي, 中文, English, Français,Русский, Español CDP excerpts on the report by theme Leaving no one behind
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