UN DESA | DPAD | Development Policy Analysis Division
3 February 2014
Japan: decomposing the recent deterioration in trade balance
After continuously maintaining a surplus in the balance of merchandise trade for 30 years, Japan has been experiencing a deficit in trade since 2011. The magnitude of the deficit has accelerated rapidly, increasing from 2.6 trillion yen in 2011 (0.5 per cent of gross domestic product (GDP)) to 11.5 trillion yen in 2013 (2.4 per cent of GDP).
24 February 2014
Millennium Development Goals Scenarios to 2015 and Beyond: An Integrated Micro-Macro Modelling Approach
In February 2014, experts of the Philippine Institute for Development Studies (PIDS), with technical support from UN-DESA, released a discussion paper titled "Millennium Development Goals Scenarios To 2015 And Beyond: An Integrated Micro-Macro Modelling Approach".
It shows that the costs of reducing poverty rates in half by 2015, an MDG goal, are prohibitive, and that reaching the goal by 2025 will require significant investment in poverty reduction for another 10 years. Financing this investment requires careful consideration by authorities to avoid excessive growth of foreign debt.
The paper is a result of the capacity development project "Strengthening Macroeconomic and Social Policy Coherence through Integrated Macro-Micro Modelling", led by UN-DESA and in coordination with the National Economic Development Authority (NEDA) and UNDP-Philippines.
13 February 2014
The global consumption and income database: material living standards within and across countries over 50 years
On 12 February 2014, Sanjay Reddy, Associate Professor of Economics at the New School for Social Research, made an inaugural presentation of a new database on material living standards within and across countries for the past 50 years, developed through joint research with Arjun Jayadev of Boston University and Rahul Lahoti, an independent scholar on inequality, poverty and gender.
The database covers income and consumption and allows the calculation of poverty incidence, income and consumption inequality and the measurement of levels of well-being based on consumption and income profiles. The steps taken to compile the data, standardize the distributions, estimate the means of the dataset and addressing missing data were explained. The dataset presently covers 148 countries and has numerous potential applications, including for example the study of the evolution of absolute and relative living standards, or tracing whether growth has been inclusive over time. The Development Policy Seminar was attended by analysts from across DESA, academics from New School and New York University and staff of some Member States representations (Finland and Argentina).
12 February 2014
- Emerging economies face renewed financial turbulence
- U.S. economy registered robust GDP growth in the fourth quarter of 2013
- Last quarter of 2013 revealed a heterogeneous economic performance in developing world
21 January 2014
The Great Escape: Health, Wealth and the Origins of Inequality
Professor Angus Deaton, Professor of Economics and International Affairs at Princeton University, will be the guest speaker at the Development Policy Seminar to be held on January 22, Wednesday, from 3:00 to 4:30 pm at S-2727.
Prof. Deaton will be discussing his recently published The Great Escape: Health, Wealth and the Origins of Inequality which tells the remarkable story of how, starting 250 years ago, some parts of the world began to experience sustained progress, opening up gaps and setting the stage for today's hugely unequal world. Deaton will take an in-depth look at the historical and ongoing patterns behind the health and wealth of nations, and will address what needs to be done to help those left behind.
20 January 2014
World Economic Situation and Prospects 2014
The World Economic Situation and Prospects 2014 will be released today with a regional launch scheduled in Geneva. Launches are scheduled in Pretoria and Moscow on January 21; Addis Ababa on January 23; and Beirut on January 24. A regional launch in Bangkok and New Delhi will take place at the end of January.
7 January 2014
Sustainable Development Challenges: Towards Sustainable Cities and Long-term Policy Coherence
The Development Strategy and Policy Analysis Unit of DPAD will host a side event on Sustainable Development Challenges during the 7th Session of the Open Working Group on Sustainable Development Goals on Thursday, 9 January, 1:15 pm at Conference Room A. DPAD staff Alex Julca and Marco Sanchez-Cantillo will be presenting on sustainable cities and sustainable development simulations, respectively.
18 December 2013
Launch of WESP 2014: The Global Economic Outlook
The Global Economic Outlook, chapter 1 of the World Economic Situation and Prospects 2014, was launched today in a press briefing by the Assistant-Secretary-General for Economic Development, Shamshad Akhtar, and Acting Director of the Development Policy and Analysis Division of UN/DESA, Pingfan Hong.