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Committee for Development Policy -- Report on the eighth session
Description:The present report contains the main findings and recommendations of the eighth session of the Committee for Development Policy, held at United Nations Headquarters from 20 to 24 March 2006. The Committee addressed three themes: the first concerned creating an environment at the national and international levels conducive to generating full and productive employment and decent work for all, and its impact on sustainable development; the second concerned coping with economic vulnerability and instability; and the third concerned the triennial review of the identification of the least developed countries.

With regard to the first theme, the Committee is of the view that creating an environment for full and productive employment and decent work for all should be a key objective of domestic economic and social policy, since productive employment is central to fighting poverty and providing adequate social security. However, this goal remains unattainable in many developing countries where a large share of workers are trapped in low-skill/low-wage jobs in the agricultural and informal sectors. Thus, higher levels of investment in human capital are needed to improve the employability of workers and increase the benefits from economic growth. Countercyclical policies are needed to protect jobs and incomes and provide adequate social security in times of economic shocks and natural disasters. The Committee stresses that the international community should make the objective of reaching full productive employment and decent work an integral part of trade, financial arrangements and development assistance to developing countries, particularly the least developed countries.

Regarding the second theme, the Committee observes that countries that have been successful in preventing or managing shocks have done so by adopting a longterm strategy shaped by the constructive use of local knowledge. Countries such as Botswana, Cape Verde and Mauritius increased national capacity in a few key areas of governance, human and social development, and fiscal and financial management. The Committee recommends that the international community assist developing countries, particularly the least developed countries, in their efforts to strengthen capacity in several key areas, such as developing infrastructure and business activities. Developed countries should not undermine developing countries’ development by limiting market access, or by delaying reform of their agricultural policies and maintaining agricultural subsidies. The international community needs to provide technical assistance to the least developed countries in responding to vulnerability caused by environmental stress or ecological damage.

As to the third theme, in its triennial review of the list of least developed countries, the Committee considers three dimensions of a country’s state of development: its income level (gross national income per capita), its stock of human assets (the human assets index) and its economic vulnerability (the economic vulnerability index). To be added to the list, a country must satisfy the threshold levels for inclusion based on all three criteria. To become eligible for graduation, a country must reach the thresholds for graduation for at least two of the three criteria, or its gross national income per capita must exceed twice the threshold level. To be recommended for graduation, a country must be found eligible for graduation in two consecutive triennial reviews. The Committee recommends that Papua New Guinea be included in the list and that Samoa be graduated from the list. Furthermore, the Committee finds Equatorial Guinea, Kiribati, Tuvalu and Vanuatu eligible for graduation for the first time.
Agenda Item: Creating an environment at the national and international levels conducive to generating full and productive employment and decent work for all, and its impact on sustainable development (2)
Issue Date: 25 April 2006
Symbol:E/2006/33(SUPP)
ODS Symbol:E/2006/33(...
Files:
  • Committee for Development Policy ?? Report on the eighth session
    (English)

FROM GLOBAL COMMITMENT TO NATIONAL IMPLEMENTATION