Rather than trying to determine who "owns" the data, what matters in this new context, is who has the right to access, control and use the data. UNCTAD and the Family Business Network have joined forces to mobilize and support family firms to embrace sustainability in their business strategies. The #data-driven digital economy is surging. There is some issue in accessing document path, Please contact to Site Admin. The data driven digital economy is evolving amid huge digital divides in terms of digital readiness, according to the United Nations Conference on Trade and Development's (UNCTAD) Digital . A national trainer programme is increasing the local ownership and sustainability of an EU-funded UNCTAD project in the southern African nation. presents the estimated total number of containers handled, per country, expressed in TEUs. This limits the possibilities to participate in and benefit from the evolving data-driven . It has noted that foreign direct investment (FDI) flows in the second quarter of 2022 reached an estimated $357 billion. In addition to her experience as a lecturer and advisor to several international organizations, she has been actively involved in key United Nations initiatives, such as the Millennium Project's Task Force on Poverty and Economic Development and the High-level Panel on Financing for Development. But trade, when done sustainably, can play a leading role in the battle against biodiversity loss. UNCTADs 195 member States adopted the Bridgetown Covenant, which outlines a roadmap for transforming economies through economic diversification; addressing unsustainable debt burdens in developing countries; making economies more sustainable and resilient; improving how development is financed; and reimaging how multilateralism will function in the future. Increasing investment to support a sustainable and inclusive recovery from the pandemic is now a global policy priority. UNCTAD Digital Economy Report 2021. India has made a visible commitment to digitize its economy with a widespread push . UNCTAD projected India's economy to outpace all other major economies in the 2022 even though the growth would be slower, at 6.7%, than 2021 projected figure. UNCTAD and UNEP, as custodians of indicator 12.6.1, continue to identify and analyze new data sources for more comprehensive . posted on. I commend this report to all engaged in building a sustainable and inclusive future. An important aim of this research is to create awareness on the likely effects for enforcing the use of digital signatures to carry out e-commerce transactions on the economies of developing and transition countries. Chapter two gives an . At the same time, the governance of data remains fragmented at best. The report warned that due to the COVID-19 pandemic, LDCs saw the worst growth performance in three decades on key development dimensions regarding poverty, education, nutrition and health. Productive capacities that build on SIDS' human . As a result, printing-related emissions were significantly reduced through lower consumption of supplies, paper and energy. I will lead bold actions towards recovery, and calls for tackling the uneven access to vaccines, the debt crisis, the climate emergency and gender inequality. Economic Development. New approach needed to make digital data flow beneficial for all 29 September 2021. UNCTAD's historic 15th quadrennial conference (UNCTAD15) held under the theme From inequality and vulnerability to prosperity for all and hosted by Barbados in October adopted a strong declaration to promote inclusive and resilient economic recovery in developing countries. PDF | The advancement of digitalization is gradually transforming the existing structure of the global economy. According to the McKinsey Global. Digital economy. The pandemic has exposed the cracks and limits of our development path, including the glaring inequalities we have for too long tolerated. Costa Rica is the oldest continuous democracy in Latin America with moderate but falling economic growth rates even before the Covid-19 pandemic with 3.5 percent average yearly GDP growth 2016 to 2018, 2.2% in 2019 (-4.5% in 2020) and moderate inflation. The Report provides a fresh and holistic view of this particular kind of international economic flow. Those measures also created an enabling environment in which most of UNCTADs files and workflows have been digitized, eliminating the need for most paper documents. India was the biggest 'overperformer' in frontier technologies than the country's per capita Gross Domestic Products (GDP) would suggest, according to a recent country-readiness index of the Technology And Innovation Report 2021. Subscribe to more Diplo and Geneva Internet Platform newsletters! Thus, a new regulatory framework is required that factors in both economic and non-economic dimensions. The United Nations Conference on Trade and Development ('UNCTAD') published, on 29 September 2021, its Digital Economy Report 2021, focusing on cross-border data flows and development. This requires a multistakeholder approach. producers. United Nations Conference on Trade and Development. However, preliminary data show that creative goods exports began to recover in 2021 and surpassed . This Year in Review provides an overview of our main activities and accomplishments in 2021. The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by Internet, World Wide Web, and blockchain technologies. This report underlines the heterogeneity of the SIDS - their culture, their language, their heritage, but also the common economic and environmental vulnerabilities that they face. UNCTAD launched a bold photo exhibition calling on the worlds photographers to share their images of trades positive impact and how it can help promote sustainable development and tackle global inequalities and vulnerability. Creative goods exports were down by 12.5% in 2020, while exports of all goods fell by only 7.2%. The UNCTAD report said India experienced an expansion of 8.2% in 2021, the strongest among G20 countries. Identify and develop better data policy metrics. The report predicted that the current surge in container freight rates, if sustained, could increase global import price levels by 11% and consumer price levels by 1.5% by 2023. Data and research on internet including broadband, telecom, security, privacy, ICTs, openness, Internet economy, e-commerce, consumer policy and e-government., The OECD Digital Economy Outlook 2020 examines trends and analyses emerging opportunities and challenges in the digital economy. India was the biggest 'overperformer' in frontier technologies than the country's per capita Gross Domestic Products (GDP) would suggest, according to a recent country-readiness index of the Technology And Innovation Report 2021. posted on. UNCTAD expects India's GDP to have contracted 6.9% in 2020 and grow 5% in 2021, attributing the stronger recovery projected for 2021 to the deeper-than-expected downturn in 2020. Free flow of data is required to boost the digital economy. The ASEAN Investment Report (AIR) 2022 titled "Pandemic Recovery and Investment Facilitation" was released at the 25th Meeting of ASEAN Economic Ministers - ASEAN Investment Area Council (AEM - AIA25) on September 14. She has also worked for the Canadian Ministry of Finance and the World Bank. It examines recent trends and global . Sustainable industrialisation and efforts to diversify economic activities and increase the share of high-tech manufactures. The Report, formerly known as the Information Economy Report, monitors trends and policies related to access, use and impact of digital technologies from a development perspective. As supply chain disruptions eased, rising . The World Bank's 2020 Doing Business Report ranked Argentina 111 out of 190 countries for the effectiveness of its insolvency law, remaining unchanged compared to 2019 ranking. In-Person. . There are moments in history that divide time in before and after. According to the UNCTAD data, during 2016-2019, the flow of FDI has averaged USD 1.2 billion and stock FDI reached USD 8.8 billion at the end of 2019. . century versys vs1 fight simulator 100lb. although time is running out, the world needs effective strategies for a transition to a green economy including measures to alleviate the social and economic costs. It is expected to decline to 4.7% in the year 2023-24. It was also the first time that the UNs key global conference on trade and development took place in a small island developing state, in a virtual format with events in Barbados, Geneva and 16 developing countries. There is only one way to face the ongoing challenges: together. At the entity level, UNCTAD has found several ways to become more sustainable. To match the scale of the moment, member States gave us a strong mandate: The Bridgetown Covenant. The new report said that the recovery is slowed down due to the cost of rebuilding the post-COVID pandemic along with the impact of food . We have made multiple commitments to keep our staff and conference participants safe, including by adhering to UN Secretary-General Antnio Guterres initiatives to prevent and respond to sexual exploitation and abuse, and the UNs Model Code of Conduct to prevent harassment at UN system events. We continued implementing the UN Financial Disclosure Programme, designed to identify, resolve and mitigate conflict of interest risks arising from staff members' personal financial assets, liabilities, investments and outside activities. This example presented in the UNCTAD Manual, adapted from OECD report for the G20 (2020) Emphasises: the nature of . Its a new tool to help countries measure their capacity to achieve social and economic transformation, and their ability to meet the Sustainable Development Goals. Prior to that, Ms. Sirimanne was with the UN Economic Commission for Africa (ECA), where she led the economic policy team and the Economic Report on Africa, the flagship publication of ECA. This crisis comes on top of the imminent threat of climate change and environmental degradation, and a digital revolution which has left many behind. It also examines implications of the country's impending transition to a middle-income country and the impacts of the pandemic on the economy. To beneficially integrate Africa, the least developed countries and other structurally weak, vulnerable and small economies into the global economy through the development of national policies and international support measures to build productive capacities for economic development and poverty reduction. 27 Nov 2013 ASEF Experts' Meeting & Public Forum: Creative Economy in Asia & Europe. UNCTAD - Palais des Nations, 8-14, Av. The report warned that power imbalances and inequalities among countries and platforms could stall the growing digital economy as major digital giants reinforce their dominance in the global data value chain. On LinkedIn, our followers increased by 28.5%. . The roadmap issues that affect the digital economy. Other five countries allowing free-flow of data across border include- Canada, Australia, Mexico, Singapore and the United States. Shamika N. Sirimanne is the Director of the Division on Technology and Logistics of UNCTAD. UNCTAD is a non-resident agency that is co-located at the Palais des Nations and all our operations are managed by UNOG. She was also Minister of Housing, Minister Coordinator of Economic and Social Affairs, and Deputy Minister of Finance. The package of recommendations put forward by UNCTAD for promoting investment in sustainable recovery provides an important tool for policymakers and the international development community. She leads UNCTAD's trade logistics programme, including the work on trade facilitation, maritime transport, port management, and e-commerce and the digital economy. UNCTAD said, the Indian economy, which contracted 7% in 2020, grew 1.9% in the first quarter 2021, led by the momentum of the second half of 2020 and supported by government spending on goods and . unctad creative economy. As per UNCTAD, no global framework would mean added burden in protecting the privacy for private sector as well as government use of data. As an integral part of its analysis, the paper examines textual proposals raised under the current Joint Statement Initiative (JSI) negotiations, especially those submissions on data flows, data localization, and source code. To ensure the effective, qualitative and beneficial participation of all countries in international trade and to strengthen development gains from the commodity economy and address the trade and development challenges of commodity dependence. 2021 Most Influential People of African Descent Top 100 in Politics and Governance For the first time, UNCTAD had two women in its senior-most leadership positions: Ms. Grynspan and Deputy Secretary-General Isabelle Durant. India takeaways: India's economic growth rate to hit a four-year high of 7.2% for 2021 against a contraction of 7% in 2020. The fall was heavily skewed towards developed economies, where foreign direct investment fell by 58%, in part due to corporate restructuring and intrafirm financial flows. In 2010 she was appointed Under-Secretary-General of the United Nations and Associate Administrator of the United Nations Development Program (UNDP) and prior to that was UNDP Regional Director for Latin America and the Caribbean. The Digital Economy Report 2021, with the title of "Cross-border data flows and development: For whom the data flow", focuses on the international dimension of digital data, which are the main ingredient for artificial intelligence. DEVELOPMENT STATISTICS AND INFORMATION BRANCH UNCTAD Palais des Nations 1211 Geneva 10, Switzerland statistics@unctad.org 03 Oct 2019 UNCTAD Digital Economy Report 2019. posted on. MSMEs are the backbone of the global economy, accounting for two thirds of employment globally and between 80% and 90% of employment in low-income countries. The World Investment Forum is organized by UNCTAD's Division on Investment and Enterprise. https://unctad . Prior to UNCTAD, she served as the Director of the ICT and Disaster Risk Reduction Division of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), where she spearheaded major regional cooperation programmes such as the Asia-Pacific Information Superhighway initiative, and Regional Drought Monitoring Mechanism. We hold ourselves to a high standard of ethics and integrity. Under the agenda item, the Board will consider the UNCTAD Digital Economy Report 2021: Cross-Border Data Flows and Development - For Whom the Data Flow. September Weekly Current Affairs (Persons) Bitbank: Who has become the 56th Prime Minister of the United Kingdom? UNCTAD has said that food, fuel and finance crises around the world, the Ukraine war, rising inflation and interest rates and fears of a coming recession were among reasons for the drying up of funds. To strengthen inclusive growth and development through science, technology and innovation, including information and communications technology for development; efficient, resilient and sustainable trade logistics services; and training and capacity-building programmes. All staff members at the director level and above, and those with specific financial and procurement responsibilities, are required to complete a confidential online annual disclosure of the assets, liabilities, outside activities, and affiliations for themselves, their spouses and dependent children. The 2014 slump in the Pacific SIDS (-5 per cent) was mainly due to a 25 per cent drop in Timor-Leste's GDP. It has been estimated that global Internet traffic in 2022 will exceed all the Internet traffic up to 2016. We provided timely research and policy options to counter the crisis, increase development finance, promote a transformative approach to climate adaptation, close the digital divide and build productive capacity. The World Investment Report supports policymakers by monitoring global and regional investment trends and national and international policy developments. Thus, in 2021, UNCTAD worked relentlessly to support its member States to unleash the power of trade, investment, finance and technology to foster an inclusive and sustainable recovery and future.
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