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Responsible Consumption and Production
Future risk and the choices ahead
The world faces an increasingly volatile future. As hazard patterns evolve risk understanding and preventive action are more important than ever.
The path to resilience in a volatile world
Increasing risk when combined with inadequate resilient investment poses a major threat to sustainable development.
Conclusion: Resilience Pays
Disaster risk is increasing as more frequent and intense hazard events unsafe urbanization and ineffective development put more people and assets in harm’s way.
Preface
Disasters are happening more frequently and exacting a greater toll on communities. Loss of life habitat loss of infrastructure and loss of livelihoods are eroding past development gains. In poorer nations – particularly LDCs SIDS and LLDCs – a single disaster event can have devastating consequences for the national economy.
What disasters really cost and why building resilience is worth it
Disaster risk reduction delivers more than just safety. It protects prosperity. Yet while the benefits of investing in resilience are clear such investments are still far from sufficient.
Executive summary
The Global Assessment Report (GAR) 2025: Resilience Pays: Financing and Investing for our Future highlights how smarter investment can re-set the destructive cycle of disasters debt uninsurability and humanitarian need that threatens a climate-changed world.
Acknowledgements
Since its inception in 2015 the ESCAP biennial series on financing for development has published monographs on a range of critical issues on financing for development from the regional perspective of Asia and the Pacific.
Energy Statistics
Restoring Competition in "Winner-Took-All" Digital Platform Markets
Digital platforms provide a variety of services such as marketplaces social networking search engines and payment systems. Their business model relies on data and data monetization for growth. These are multi-sided oligopolistic or monopolistic markets characterized by network effects high economies of scale and scope and increasing returns to scale which together raise barriers for new entry. In digital markets platforms compete for the market and not in the market. These features together with control over user data confer significant market power to incumbent platforms in their respective markets. This has raised concerns about competition and led the competition lawyers and economists reflect on ways to restore the lost competition in digital markets. This paper suggests adapting competition law tools and analysis to the realities of this new business model; reforming merger control regimes; focusing not only on free but also fair competition in digital markets; adopting regulatory measures such data openness and portability interoperability between online platforms. The paper also questions the relevance of consumer welfare standard based on price effects and efficiency to the new business model of online platforms. It suggests adopting a broader framework including choice quality privacy innovation future competition and effective competition structure and competitive process in competition law enforcement.
Financing Regional Digital Infrastructures in the South: Development Banks, Funds and Other Policy Options
The key question this paper addresses is how national governments of a regional grouping can act collectively to finance regional digital infrastructures. The paper suggests that sub-regional development banks could provide long-term finance and play a coordination role where needed. However their financing capacity is limited when contrasted with the scale of needs. A way forward is to inject more capital into these banks and create funds for regional digital infrastructure.
Comparing Global Gender Inequality Indices: Where is Trade?
This paper presents a comparative study of selected global gender inequality indices: The Global Gender Gap Index (GGI); the Gender Inequality Index (GII); and the Social Institutions and Gender Index (SIGI). A Principal Component Analysis approach is used to identify the most important factors or dimensions such as health social conditions and education economic and labour participation and political empowerment that impact on gender and drive gender inequality. These factors are compared with the Sustainable Development Goal targets to assess how well they align. The findings show that while economic participation and empowerment are significant factors of gender equality they are not fully incorporated into gender equality indices. In this context the paper also discusses the absence of international trade a key driver of economic development from the gender equality measures and makes some tentative recommendations for how this lacuna might be addressed.
The Impact of Multinational and Trading Enterprises on Gender Equality - Case Finland
This paper constructs and analyses a set of novel indicators on gender equality in the business sector which focus on multinational enterprises and foreign traders. The descriptive data tables are drawn from the rich linked statistical registers available at Statistics Finland. The analysis reveals large differences in the share of women and men employed in the best paying professions. However while a sizeable gender pay gap in the business sector is identified in high-paying managerial and skill-intensive occupations and in multinational enterprises in particular the gap is smaller in domestically owned businesses. The gender pay gap tends to be larger in high-paying jobs in foreign multinationals and in enterprises that trade internationally. This paper contributes to the field of official statistics by providing a blueprint showing how business statistics and social statistics can be linked to enable an analysis of gender inequalities in the labour market.
Development Status as a Measure of Development
This study analyses to which extent the classification of countries as developing corresponds with their actual development level. Development status classification schemes (DSCSs) differ across international organizations yielding heterogeneous outcomes. In the literature different concepts of a developing country focus on different indicators of development levels. All analysed indicators have a highly significant effect on the countries' probability to be classified as developing and discerning developing countries from others leads to a reduction of heterogeneity with all DSCSs for most indicators. Schemes which nominate countries for classes correspond mainly with concepts focusing on difficult starting points or an early stage in systemic transition. Schemes which classify countries based on specified criteria typically reflect a welfare-based concept. The hypothesis of a weakening correspondence over the last four decades cannot be confirmed for all indicators.
The Impact of Markets and Policy on Incentives for Rice Production in Rwanda
The prioritization of rice as a strategic food and cash crop in Rwanda has paid dividends with production increasing by one-third during 2010–2015. However production expansion has failed to keep pace with growing consumption demand. In 2015 around 30 percent of national consumption was met by imported long grain rice. The paper aims to single out the constraints which have been preventing the Rwandan rice sector to fully seize market opportunities in recent years. Looking at Nominal Rates of Protection faced by agents in the rice value chain over 2005–15 we find rice producers enjoy significant price incentives mostly as a result of protective trade measures. Other factors however appear to be hindering investments in land the adoption of modern inputs and the production of high quality rice that can more readily substitute imports. This evidence is used along with recent literature and stakeholder interviews to formulate policy recommendations.
Brexit Beyond Tariffs: The Role of Non-tariff Measures and the Impact on Developing Countries
The United Kingdom left the European Union in January 2020. During a transition period that lasts until the end of 2020 the European Union and the United Kingdom aim to determine their future trade relations. In this Research Paper we explore quantitatively the role of non-tariff measures (NTMs) including regulatory measures such as sanitary and technical requirements in shaping the United Kingdom's future trade relations with the European Union and the impact on developing countries. We simulate the possible impacts of Brexit using a panel data gravity model and compare the European Union membership effect with the effects of free trade agreements and customs unions. The Paper finds that there is a significant European Union membership effect well beyond zero tariffs an effect we do not find for the other two agreements. It interprets the effect above and beyond tariffs as the European Union's impact on NTMs. The economic effects for the United Kingdom the European Union and developing countries are about 2.5 times larger in the scenario that takes rising trade costs related to NTMs in addition to potentially rising tariffs into account. A potential increase of tariffs between the United Kingdom and the European Union and rising trade costs related to NTMs could decrease United Kingdom's exports to the European Union by 14 per cent. Even in the case a "standard" free trade agreement is signed such exports could drop by 9 per cent. Exports from developing countries into the United Kingdom and to a much smaller extent into the European Union could increase if the United Kingdom would not increase its tariffs for third countries.
Impact of the COVID-19 Pandemic on Commodities Exports to China
This research paper presents a preliminary assessment of the impact of the coronavirus (COVID-19) pandemic on commodities exports to China with a focus on exports from Commodity Dependent Developing Countries (CDDCs). Results indicate that in comparison to short term tendencies observed in the past three years total commodities exports to China are currently moving downward. As compared to a situation without the COVID-19 crisis total commodities exports to China may fall by 15.5 to 33.1 billion US Dollars during 2020 resulting in reduction of the projected annual growth of up to 46 percent (i.e. 8 percentage points). Although CDDCs commodities exports to China are also expected to decrease the estimated impact is weaker.
Coronagraben: Culture and Social Distancing in Times of COVID-19
Social distancing measures have been introduced in many countries in response to the COVID-19 (coronavirus) pandemic. The rate of compliance to these measures has varied substantially. This research paper studies how cultural differences can explain this variance using data on mobility in Swiss cantons between January and May 2020. We find that mobility declined after the outbreak but significantly less in the German-speaking region. Contrary to the evidence in the literature we find that within the Swiss context higher generalized trust in others is strongly associated with lower reductions in individual mobility. We attribute these results to the German-speaking cantons having a combination of not only high interpersonal trust but also conservative political attitudes which may have altered the trade-off between the chance of contracting the virus and the costs associated with significant alterations of daily activities.
Moratorium on Electronic Transmissions: Fiscal Implications and Way Forward
The outbreak of COVID-19 (coronavirus) and the subsequent prolonged lockdowns have been accompanied by an exponential rise in imports of electronic transmissions mainly of luxury items like movies music video games and printed matter. While the profits and revenues of digital players are rising steadily the ability of the governments to check these conspicuous imports and generate additional tariff revenues is being severely limited because of the moratorium on customs duties on electronic transmissions. This moratorium was agreed in 1998 with no consensus on the scope of the moratorium no clarity on how electronic transmissions are classified or what they covered and no notion of how the digital revolution will unfold. This paper proposes a basis for deciding the scope of the moratorium by using the trichotomy of ‘goods’ ‘intangible goods’ and ‘services.’ Further using different classifications of ET the paper estimates the potential tariff revenue losses and the development impact of the moratorium.
The Trade Impact of Voluntary Sustainability Standards: A Review of Empirical Evidence
The expansion of Voluntary Sustainability Standards (VSS) has introduced tools to address key sustainability challenges and expand trade as well as new complexity in trade policy dialogues. Although VSS are voluntary they have become a market reality and non-compliance can lead to the exclusion of producers from Global Value Chains (GVCs). Although the literature has adequately addressed the theoretical trade impact of VSS there is a worrying lack of empirical analysis in this field. This paper aims to draw the attention of researchers towards the lack of evidence in this area. Given that the gap in the literature can partly be explained by data access we also present some of the publicly available data sources and highlights the significance of increasing transparency in terms of data availability.
Computing Non-tariff Measures Indicators: Analysis with UNCTAD TRAINS Data
Data on Non-Tariff Measures (NTM) contribute to transparency and can be used for statistics suitable for economic analysis. This study provides a description of the data cleaning process applied to the UNCTAD TRAINS NTM Data for Research and describes the standard methodology to compute indicators. Analysts can use the indicators for descriptive statistics or as variables in economic models. The objective of this document is to describe in detail the nuances in the treatment of the data in practical terms and share the procedures to synthesize the data into indicators that provide information that is useful to build knowledge and derive conclusions.