Concerted global efforts are required to spread the rapidly expanding digital economy's gains to the many people who currently reap little benefit from it, says this new United Nations report. World Bank's Doing Business Report: 2020: . UNCTAD. ECONOMIC TRENDS. Data have become a key strategic asset for the creation of both private . The event shone a light on the critical role played by digital technologies in the response to the pandemic - from powering e-commerce to accelerating the development of a vaccine. it informs policy makers of regulatory practices and policy options to help maximise The findings of the assessments informed the development of a Pacific regional e-commerce strategy and roadmap, outlining the Pacific consensus on the priority regional measures to boost e-commerce readiness in the region and help businesses make the most of global online markets. The COVID-19 pandemic presented both challenges and opportunities for the world, including our region. 2021 : cross-border data flows and development: for whom the data flow, Cross-border data flows and development : for whom the data flow : digital economy report. We have made multiple commitments to keep our staff and conference participants safe, including by adhering to UN Secretary-General Antnio Guterres initiatives to prevent and respond to sexual exploitation and abuse, and the UNs Model Code of Conduct to prevent harassment at UN system events. How urban entrepreneurs can help build sustainable cities, UNCTAD assessment set to boost digital economy in Peru, Creative economy offers countries path to development, says new UNCTAD report, Pacific Islands Forum joins UNCTAD-led eTrade for all initiative, UNCTAD - Palais des Nations, 8-14, Av. As the world takes the first steps on the road to recovery from the pandemic, UNCTAD will amplify its efforts in supporting developing countries to build a better future, together. Global FDI decreased by up to 40% in 2020. The COVID-19 pandemic has accelerated the process of digital transformation and added urgency for Governments to respond. World Bank/Tom Perry | University students in Tonga enjoy high-speed internet. In its new report released on Wednesday, the agency said that the rebound was highly uneven along regional, sectoral and income lines, however. 2020 Fashion. The global economy contracted by 3.9 per cent in 2020 (UNCTAD, 2021) and 255 million full-time jobs were lost (ILO (2021).1 Developing countries have not only been hit harder economically by this crisis but will also take more time to recover because of their limited financial resources (UNCTAD, 2020).2 The World Bank (2021) estimates that . We continued to empower young people to contribute to solving the challenges brought by the COVID-19 pandemic and to help build a better future for all. At the same time, e-commerce's share in global retail increased from 14% to 17% from 2019 to 2020. the potential of the digital economy as a driver for innovation and inclusive growth. Key indicators by economy, 2020. Finally, it provides a special focus on how the COVID-19 Digital economy report. This Year in Review provides an overview of our main activities and accomplishments in 2021. Today, almost 50% of global trade involves GVCs. Readership of news on our website increased by a whopping 234%, as readers sought more information, data and analysis on trade and development issues amid the COVID-19 crisis. When 104 nations convened online in October for the Eighth United Nations Conference on Competition and Consumer Protection, UNCTAD recommended key actions that governments should take to strengthen consumer protection and competition. We are pleased to be the latest addition to the eTrade for all initiative and to join forces with partners to improve digital trade readiness in the Pacific, said Mere Falemaka, ambassador of the Pacific Island Forum to the World Trade Organization and the United Nations in Geneva. As part of UN management reform, the biannual regular budget process was simplified and adjusted to an annual cycle. In 2020, pandemic-dictated lockdowns and travel restrictions greatly reduced opportunities for in-person interaction and business as usual for us, as they were for many individuals and organizations. Watch highlights from the presentation of the Digital Economy Outlook by OECD Deputy Secretary-General Ulrik Vestergaard Knudsen and Director for Science, Technology and Innovation Andrew Wyckoff: La crise du COVID-19 renforce la ncessit de combler les fractures numriques, .10 No.7, July 23, 2020 DOI: 10.4236/ajibm.2020.107082. -The government has designed the Philippines e-Commerce Roadmap 2016-2020 (PECR 2016-2020)-Objective: 100'000 Micro, Small & Medium Enterprises participating in e-commerce-Priorities: Fighting cybercrime and full implementation of the e-Government scheme-Main challenges: digital authentication which hampers government's efforts to fully . It has been estimated that global Internet traffic in 2022 will exceed all the Internet traffic up to 2016. E-commerce is one of the four priorities of thePacific Aid-for-Trade Strategy2020-2025, given its potential to narrow distances and trade costs, and to promote the diversification of Pacific economies. The COVID-19 pandemic has accelerated the process of digital transformation and added urgency for Governments to respond. Albania is an upper middle-income country with a gross domestic product (GDP) per capita of USD 5,286 (2020 IMF estimate) and a population of approximately 2.9 million people. It has also transformed global investments, created new markets and even provided new avenues for tackling persistent development problems.While ubiquitous for developed countries, digital economy development . Open Journal of Philosophy Vol.6 No.3 . UNCTAD outlined how COVID-19 had both sent shockwaves through global maritime transport and laid the foundations for a transformed industry and associated supply chains. 4. . UNCTAD's work on measuring e-commerce and the digital economy aims to build the capacity of countries to produce official statistics on e-commerce and the digital economy, and that can be used to guide policy making. The FDI is projected to decrease by a further 5% to 10% in 2021. The web-based database is a product of joint efforts with the International Trade Centre and the World Trade Organization. Map 1. According to the report, Egypt remained the largest Foreign Direct Investment (FDI) recipient in Africa in 2019, with its inflows increasing by 11 percent despite decline of FDI inflows to North . This partnership leverages a global network of businesses and resources to maximize the impact of the digital economy. Data have become a key strategic asset for the creation of both private and social value. World Development Report 2022: Finance for an Equitable Recovery examines the central role of finance in the economic recovery from COVID-19. | Find, read and cite all the research you need . Latest Context of UNCTAD. Geneva. . According to the McKinsey Global. COVID-19 pushed more economic activities online, raising concerns globally about competition and consumer protection in the digital economy. United Nations Conference on Trade and Development (UNCTAD) published its "UNCTAD Digital Economy Report 2021, recently.In its report, UNCTAD noted the Philippines as one among six countries that allows free flow of data across borders. to decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion, according to UNCTAD's World Investment Report 2020 . Liner shipping connectivity, 2021. In November 2020, the Dutch government announced additional funding of $1.5 million for UNCTAD's eTrade Readiness Assessments, more than doubling its financial support to the organization's work on e-commerce and the digital economy for the 2021 to 2022 period. a As indicated by the LSBCI 2021. b As indicated by the LSCI. Developing countries may see their public external debt increase to $2.4-3.6 trillion in 2020 and 2021. The Digital Economy Report, formerly known as the Information Economy Report, monitors trends and policies related to access, use and impact of digital technologies from a development perspective. Gross domestic product; Current account; Foreign direct investment; Prices; KEY . PIFS initiated the Pacific E-commerce Initiative in 2017. roadmap (2017-2019). It also includes a new chapter, added at the request of the UN General Assembly . Includes bibliographical references (p. 194-213). Economic trends. Open Access. International Production Beyond the Pandemic, UNCTAD - Palais des Nations, 8-14, Av. E.20.II.D.23 . First introduced at UNCTAD in 2015, Umoja has seen tremendous continuous development. A sampling of news and insights from our team featured in journals and publications across the globe. As Figure 3 shows, in 2020, nearly half of the CO 2 emissions from fuel combustion, industrial processes and product use came from Eastern and South-Eastern Asia (15.5 Gt). Second meeting: Q2 2021 (tbc) o Progress in measuring e-commerce and the . Cooperation will be crucial; sustainable development depends on a global policy climate that remains conducive to cross-border investment. The United Kingdom is still included in the 2020 DESI, and EU averages are calculated for 28 Member States. The year ended on a hopeful note, with COVID-19 vaccines promising to bring back a sense of normalcy. Free flow of data is required to boost the digital economy. The United Nations Conference on Trade and Development (UNCTADUnited Nations Conference on Trade and Development (UNCTAD We continued using the UNs end-to-end enterprise resource planning (ERP) system, Umoja, for strategic decision-making and effective management of programmes and projects. India was the biggest 'overperformer' in frontier technologies than the country's per capita Gross Domestic Products (GDP) would suggest, according to a recent country-readiness index of the Technology And Innovation Report 2021. Investment and New Industrial Policy, UN Sales no. Recent additions include a module comprising strategic planning, budgeting and performance management, which allows that for the first time, mandated programmes and related results are linked with their associated human and financial resources. UNCTAD. COVID-19 swept across the world like a hurricane, claiming lives and jobs, spawning a massive health crisis and dismantling economies. This approach enables us to understand in a quantifiable and comparable way how the digital economy is evolv - ing across countries and against the most relevant Rationale for Panel 2: FDI in the digitalized world. The report notes that it takes an average of 2.4 years and 16.5 percent of the estate to resolve bankruptcy in Argentina. E.17.II.D.3 WIR 2016 . The report titled, 'International Trade and Development,' finds that economic and social disruptions caused by COVID-19 have resulted in about USD 6 trillion in losses in global trade, approximately 50% larger than the decline in trade that occurred during the 2008 recession.

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