Multi-year Expert Meeting on Enhancing the Enabling Economic Environment at all Levels in Support of Inclusive and Sustainable Development
16 - 17 April 2013
Palais des Nations
Prospects for building resilience to external shocks and mitigating their impact on trade and development
Better economic performance by developing rather than by developed countries has been a feature of the world economy over the past several years.
A lower incidence of external shocks combined with domestic policy changes that have improved developing countries' resilience to external shocks explain this performance. However, the global enabling economic environment remains fraught with uncertainties and downside risks.
To guard against such uncertainties and risks, countries need to enhance resilience to potential external shocks with a view to mitigating adverse impacts on trade and development.
This UNCTAD expert meeting will address external shocks affecting trade and development within the context of building resilience, and will examine:
- Measures needed to foster policy buffers to build resilience to external shocks.
- The role of the enabling economic environment at all levels in supporting resilience building.
- Best practices and challenges in collecting and using statistics on international trade and development to build resilience to external shocks.
The subject of the meeting is of strategic importance for government officials and other experts to gain an enhanced understanding of external shocks, within the context of building resilience and mitigating their impact on trade and development, to identify possible policies and measures to build resilience to external shocks, and to enhance their understanding of how statistics can help build resilience to external shocks and to mitigate their impact on trade and development.
Input from experts:
Experts nominated by member States are encouraged to submit brief papers (approximately five pages) as contributions to the work of the meeting.
The papers should be submitted to the UNCTAD secretariat in advance of the meeting and will be made available at the meeting in the form and language in which they are received.
Papers, which should draw on the experts’ experience, may address one or more of the following issues:
- What macroeconomic and structural policies could developing and transition economies adopt to build resilience to external demand shocks resulting from weak economic performance in advanced economies, and how could international policy coordination support such efforts?
- How might the functioning and governance of global value chains be affected by potential rapid growth of domestic consumption in developing and transition economies and what perspectives does this provide for enterprises from these economies to assume leadership roles in supply chains?
- How can resilience to external financial shocks be fostered through insurance strategies, such as the accumulation of foreign reserves, the development of domestic debt markets, the broadening of the investor base and the issuance of debt instruments that provide insurance against domestic and external shocks?
- What are the most relevant existing trade statistics and indicators to assess the impact of external shocks and build resilience to mitigate adverse trade and development impacts, and the availability of what additional statistics would be feasible and useful in this respect?
2272KB - Agenda item Session 1: The world economy: recession or transformational growth challenges ?
925KB - Agenda item Session 2: International trade, vulnerability and changing patterns in global demand
1456KB - Agenda item Session 2: International trade, vulnerability and changing patterns in global demand
128KB - Agenda item Session 2: International trade, vulnerability and changing patterns in global demand
161KB - Agenda item Session 3: Coping with economic instability originating in the international financial system
1210KB - Agenda item Session 3: Coping with economic instability originating in the international financial system
1005KB - Agenda item Session 4: Statistical indicators measuring the impact of external trade shocks on domestic economies
839KB - Agenda item Session 4: Statistical indicators measuring the impact of external trade shocks on domestic economies
1212KB - Agenda item Session 4: Statistical indicators measuring the impact of external trade shocks on domestic economies
|Language(s):||English; French; Spanish; Chinese; Russian; Arabic; |
Communications concerning representation:
Intergovernmental Support Service
Palais des Nations
CH-1211 Geneva 10
Fax: 41 22 917 0214
All other enquiries:
Chief, Office of the Director
Division on Globalization and Development Strategies