Publications

The financial needs of developing countries have long outstripped the willingness and ability of donors to provide aid. Addressing this challenge, the survey proposes an international tax, combined with other innovative financing mechanisms, to raise more than $400 billion annually for development and global challenges such as fighting climate change.

Launched on 5 July, the survey reveals that in the midst of difficult financial times, many donor countries have cut back on development assistance. In 2011, for the first time in many years, aid flows declined in real terms.

“We are suggesting various ways to tap resources through international mechanisms, such as…

Despite scattered signs of improvement, the world economic situation and prospects continue to present challenges. After a marked slowdown in 2011, global economic growth will likely remain tepid in 2012, with most regions expanding at a pace that is below potential. In the face of subdued growth, the jobs crisis continues, with global unemployment still above its pre-crisis level and unemployment in the euro area rising rapidly. The risks to the global outlook are tilted to the downside. The euro area debt crisis remains the biggest threat to the world economy. An escalation of the crisis would likely be associated with severe turmoil on financial markets and a sharp rise in global risk…

The World Youth Report 2007 examines the challenges and opportunities existing for the roughly 1.2 billion young people between the ages of 15 and 24 in the world. Distinct from the 2003 and 2005 editions, it provides a regional overview summarizing the major youth development trends in the fifteen priority areas of the World Programme of Action for Youth.

The report explores major issues of concern to youth development, including employment, education, health, poverty and violence. At the same time, it highlights youth as a positive force for development and provides recommendations for supporting their essential contributions.

“The social, economic and political costs of a prolonged youth unemployment crisis are high. It is therefore obvious that there is an urgency in addressing the youth employment crisis, but youth employment cannot be tackled without the involvement and participation of youth. It is with this in mind that the current World Youth Report is dedicated to the voices of young people themselves,” said Ms. Daniela Bas, Director of UN DESA’s Division for Social Policy and Development at today’s launch.

The world economy is on the brink of another major downturn. Global economic growth started to decelerate on a broad front in mid-2011 and is estimated to have averaged 2.8 per cent over the last year. This economic slowdown is expected to continue into 2012 and 2013. The United Nations baseline forecast for the growth of world gross product (WGP) is 2.6 per cent for 2012 and 3.2 per cent for 2013, which is below the pre-crisis pace of global growth.

Persistent high unemployment in the United States and low wage growth are holding back aggregate demand and, together with the prospect of prolonged depressed housing prices, this has heightened risks of a new wave of home…