economic

Impacts of Economic Globalization

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Ambassador Donoghue gave a brief summary of Ireland’s economic structure and history to begin the November 29 session. The Permanent Mission of Ireland organized the meeting, and Mr. Steve Landefeld provided attendants with an in-depth summary and outline of the associated data. Mr. Ataman Ozyidirim discussed the current trends, uncertainties, and relevant “disruptions” that will determine Ireland’s economic future. He discussed TCB data that supports global economic growth projections and explained advancements in productivity data new this year. He ended and stressed the importance of creating value through qualitative growth by implementing more reliable and effective ways of measuring GDP. Mr. Klaus Tilmes and Ms. Deborah Winkler discussed ways to make global value chains (GVCs) work for development. They lectured on development through GVC Participation, relevant policy questions, assessing GVC participation, and WGB country engagement. Mr. Klaus and Ms. Winkler provided examples of multifaceted approaches relevant in Bangladesh, the ICT sector in Vietnam, and the livestock sector in Mali.

Mr. Michael Connolly’s presentation focused on Irish national accounts and payment balance within them. He focused on MNE dominance, communication challenges, the impact of increasing stocks in capital assets, trends in net exports, the impact of relocation (GDP to GNI transition), contribution of domestic demand and net exports to annual GDP, and the trends in Irish and EU household savings.The final panelist examined how to more efficiently measure global value chains, the impacts of technology, productivity, comparative advantage, and trade on U.S. employment, the growth and benefits of GVCs and trade, and the need for a system of extended international accounts and business statistics. The panelists ended the with case studies of globalization, an emphasis on the need for consistent aggregate estimates, and a discussion of MNCs and trade, MNCs and domestic economy, and MNE rates of return.

Meeting: Seminar on “Measuring the Impact of Economic Globalization” (organized by the Permanent Mission of Ireland)

Date/Location: Tuesday, 29 November 2016; 10:00 to 13:00; UN Headquarters, Conference Room 12

Speakers: H.E. Ambassador Donoghue of the Permanent Mission of Ireland to the United Nations; Mr. Steve Landefeld of the UN Statistics Division; Mr. Ataman Ozyidirim (Director, Business Cycles and Growth Research of the Conference Board); Mr. Klaus Tilmes and Ms. Deborah Winkler of the World Bank; Mr. Michael Connolly (Director of the Central Statistics Office, Ireland); Mr. Timothy J. Sturgeon (Senior researcher MIT Industrial Performance Center)

Written By: Renée S. Landzberg, WIT Representative

Supporting the process of transition from Relief to Development

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Panellists exchanged their ideas towards better integrated planning and risk management, in particular the context of increasing funding streams to manage crisis risk. Mr. Mundele addressed four key points, including the humanitarian context in DRC, economic progress of Congo, history of the management and humanitarian framework in DRC, the mechanisms of economic stimulus and community resilience in post conflict. He emphasised the focus should be put on the prevention program of disaster risk to evaluate the Congo’s Framework for Action and develop the contribution of Africa to the establishment of the post-2015 framework.

Mr. Soumaré pointed out that humanitarian organisations and the Governments should plan and work together. “Government leadership is the key”, he said. Not only does it encourage humanitarian and development organizations to work more effectively, it also multiplies the impact. Mr. Jean noted that this is an important issue in Haiti; one of the most vulnerable countries, exposed to all sorts of catastrophes, including droughts, earthquakes, cyclones, etc. There are currently innovative approaches driven by Governments and the UN, however there is limited support from donors and a lack financing sources to develop innovative approaches to humanitarian work.

Mr. Clerg echoed Mr. Jean’s comments. He specifically focused on risk management in preventing humanitarian crisis. He concluded with three main calls for action. First, prioritizing countries at risk to ensure development aid goes to people and countries that are the most at risk. Next, humanitarian organisations should put high emphasis on managing the risk of crises, instead of just responding to its consequences. Lastly, crisis risk management should be prioritized in order to prevent and mitigate future humanitarian crises.

Meeting Title: Panel discussion on “Supporting the process of transition from relief to development: Funding and risk management”
Speakers: H.E. Ibrahim O. Dabbashi (Libya), Vice-President of the Economic and Social Council; Ms. Kanni Wignaraja, Director, United Nations Development Operations Coordination Office; H.E. Charles Naweji Mundele, Minister of Social Affairs, Humanitarian Action and National Solidarity, Democratic Republic of the Congo; Mr. Moustapha Soumaré, Deputy Special Representative of the Secretary-General, Resident and Humanitarian Coordinator, Democratic Republic of the Congo; Mr. Yves-Robert Jean, Director-General, Ministry of Planning and External Cooperation, Haiti; Mr. Peter de Clerq, Deputy Special Representative of the Secretary-General, Resident and Humanitarian Coordinator, Haiti
Location: ECOSOC Chambers, United Nations HQ, New York 
Date: 23 June 2014
Written By WIT representative: Samantha Kong
Edited by WIT representative: Sophia Griffiths-Mark