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Economic Analysis and Policy

New frontier technologies — everything from renewable energy technologies to biodegradable plastics, artificial intelligence and electric vehicles — hold immense potential to improve people’s lives and significantly accelerate efforts to achieve the Sustainable Development Goals and address climate change. But without appropriate policies, they can also drive greater inequality and increase social dislocations.

The World Economic and Social Survey 2018 produced by UN DESA found that renewable energy technologies and efficient energy storage systems are already enhancing environmental sustainability, allowing countries to “leapfrog” over existing technological solutions. New…

Economic Analysis and Policy

Growth in the world economy is surpassing expectations and global GDP is now expected to expand by more than three per cent this year and in 2019, reflecting strong growth in developed countries and broadly favourable investment conditions. But rising trade tensions, heightened uncertainty over monetary policy, increasing debt levels and greater geopolitical tensions can potentially thwart progress, according to the United Nations World Economic Situation and Prospects (WESP) as of mid-2018.

According to the report, world economic growth is now forecast to reach 3.2 per cent both in 2018 and 2019, an upward revision by 0.2 and 0.1 percentage point, respectively. This revised…

Social Development

Universal social protection is a potent development policy tool that can alleviate poverty, inequality and social exclusion. Few countries have been able to reduce poverty and improve living conditions on a broad scale without comprehensive social protection systems in place.

The international community’s consensus on the importance of social protection has been reinforced with the adoption of the 2030 Agenda for Sustainable Development. Target 1.3 of the Sustainable Development Goals stresses the role of social protection in ending poverty in all its forms, as it seeks the implementation of “nationally appropriate social protection measures and systems for all, including floors…