Developing countries are already suffering relative economic losses three times greater than high-income countries due to climate-related disasters.
Estimates indicate that annual climate adaptation costs in developing countries could reach $300 billion in 2030 and, if mitigation targets are breached, as much as $500 billion by 2050.
UNCTAD’s TrainForTrade port management programme has created a network to help port communities reboot their economies from the COVID-19 crisis.
During the four-day conference, world leaders, ministers of trade, leading economists and heads of UN agencies and global financial institutions called for a new development model, with socioeconomic transformation and sustainability at its centre.
Large power imbalances stalk the growing digital economy as major platforms reinforce their positions in the global data value chain.
A new approach is needed for countries to better harness data as a global public good.
Without better state capacity – ability to accomplish policy goals – the world’s poorest countries will remain on the margins of the global economy.
The UNCTAD TrainForTrade programme offers port professionals opportunities for training, networking and knowledge sharing.
The world needs more effective multilateral coordination, without which recovery efforts in advanced countries will damage development prospects in the South and amplify existing inequalities, says UNCTAD’s Trade and Development Report 2021.
In 2021, the global economy will bounce back with growth of 5.3%, the fastest in nearly 50 years. The rebound is, however, highly uneven along regional, sectoral and income lines, according to UNCTAD’s Trade and Development Report 2021.
