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Financing for Development

It would be hard to fathom any Sustainable Development Goal (SDG) being achieved without either adequate human and financial resources and partnerships or institutions that are effective, inclusive and accountable. One would expect, therefore, that two of the most cross-cutting SDGs of the 2030 Agenda, SDG16 on Peace, justice and strong institutions and SDG17 on the Means of implementation and partnerships for development would receive ample attention in scholarly work and policy analysis. A quick overview of the literature reveals, however, that although SDG16 and SDG17 are examined quite extensively in and of themselves, linkages between the two seldom receive attention.

This…

Economic Analysis and Policy

Productive and technological capabilities matter. The more conventional strands of the literature have emphasized them as major engines of export, growth and development. But how they matter is less clear, and many open questions remain on how capabilities influence export dynamics at microeconomic level. This paper empirically investigates their role on export dynamics in 40 developing countries between 2002 and 2012. In doing so, the paper exploits a country-sector-year database containing exporter-level statistical information. The empirical analysis shows that, within sectors, countries with higher productive capacities have more exporters, and the exporters are larger and charge…

Social Development

The humanitarian-development divide has long been a contentious debate in both academia and government. Despite the recent surge in the cost, frequency, duration and severity of humanitarian crises, humanitarian and development disciplines and communities of practice have continued to operate in silos. This article aims to bridge the humanitarian-development divide by interlinking the Agenda for Humanity and the 2030 Agenda for Sustainable Development. The newly proposed context-conflict-contingency model of humanitarian-development connections constitutes the conceptual foundation, which is then tested by the findings of the network analysis of the 169 SDG targets of the 2030 Agenda and…

Sustainable Development

Between the many resolutions, speeches, reports and other documents that are produced each year, the United Nations is awash in text. It is an ongoing challenge to create a coherent and useful picture of this corpus. In particular, there is an interest in measuring how the work of the United Nations system aligns with the Sustainable Development Goals (SDGs). There is a need for a scalable, objective, and consistent way to measure how similar any given publication is to each of the 17 SDGs. This paper explains a proof-of-concept process for building such a system using machine learning algorithms. By creating a model of the 17 SDGs it is possible to measure how similar the contents of…

Sustainable Development

We provide a history of past periods of rapid technological change starting from the Industrial Revolution continuing up to today. We find that it takes decades for technological breakthroughs to make a difference to the aggregate economy. The reason for this delay is that to realize the value of these breakthroughs requires complementary investments. Second, for good or for bad, government has played an important role in facilitating these transitions through both investments in physical infrastructure and legal reforms. We also emphasize that because technological breakthroughs are difficult to predict, the responses of governments are necessarily improvisational.

This paper examines the involvement of supreme audit institutions (SAIs) in auditing the preparedness of governments for implementing the Sustainable Development Goals (SDGs) since 2015. These audits have covered institutional arrangements put in place to implement the SDGs, the mobilization of resources, and monitoring and evaluation frameworks. SDG preparedness audits have produced valuable information that is not necessarily available from other national processes linked with SDG follow-up and review. As such, audit recommendations can be a powerful tool to help governments improve SDG implementation. The paper reflects on the impact that SDG audits have made, and on the challenges…

Financing for Development

This paper explores the scope for Innovative Development Finance (IDF) to compensate for declining Official Development Assistance (ODA) and/or to enhance the efficiency of ODA. It shows that IDF has not helped much to increase the volume of aid. With regard to efficiency, the role of IDF-related mechanisms remains controversial. In view of the above, it may be more productive to focus on other resources available to Asia. The paper points to two such resources, namely the surpluses accumulated in the form of reserves, Sovereign Wealth Funds (SWFs), etc. and the migrant remittances. Efficient utilization of these two sources can vastly change the development finance landscape in Asia.…

Economic Analysis and Policy

The paper discusses the progress of Indian economy and its policies since the broad-based structural reforms initiated in 1991 with a special focus on the recent downturn following the global financial crisis. The paper is structured into two parts: first part discusses the major economic and social achievements of India since 1991, it identifies the causes of the recent downturn, and the policy responses to revive the economy. In the second part, the paper outlines the major challenges India is facing and the policies and reforms that need to be implement to achieve sustainable development.

Social Development

Implementation of the Agenda 21 bifurcated into two tracks. While the economic and social development agenda gelled into the Millennium Development Goals (MDGs), the environmental protection agenda moved along a different track, represented by the United Nations Framework Convention on Climate Change (UNFCCC), Convention on Biodiversity (CBD), etc. This bifurcation also led to very different “domain configurations.” While there were some advantages of this bifurcation, it led to a conflict between the human development and the environmental goals. This paper presents a framework for bringing environment and development together in the UN post-2015 agenda.

Economic Analysis and Policy

The new role that middle-income countries (MICs) play in the global landscape obliges international community to review the configuration of the development cooperation system. On the one hand, MICs still face considerable structural deficits that affect their process of development; on the other, international community needs MICs to participate more intensively in the international agenda. Development cooperation can support both purposes, although for that to happen, substantial changes are required in traditional approaches and procedures of current international aid. This paper analyses these subjects with the objective of helping decision-makers come to good decisions

Economic Analysis and Policy

The paper reviews the sluggish growth and inclusive developments of the Brazilian economy in the last decade. The first section analyzes the macroeconomic performance pointing export growth as the engine of growth. The second evaluates social policies and their relationship with the improvements in the labor market. The third examines Brazilian policy reactions to the global crisis that managed to recover consumption but failed to sustain investment and growth. The discussion of challenges for a sustainable development concludes the paper. Investment in education and infrastructure are consensual policy advices but there are plenty of disagreements and controversies with regards to…

Economic Analysis and Policy

This article evaluates and compares the forecasting performance of three international organizations: the United Nations, the International Monetary Fund and the World Bank. The annual forecasts made by the United Nations in the period of 1981-2011 are found to be fairly robust, in terms of bias and efficiency. In comparison, the forecasting performance of the United Nations is found to be marginally better than the other two organizations during the period of 2000-2012. However, the forecasts of all these organizations missed the Great Recession of 2009 by a large margin.