unctad digital economy report 2020

Digital economy report. report builds on the track record and presents policy advice on how to deal with close to 3,000 old-generation investment treaties. This would bring global FDI below $1 trillion for the first time since 2005. The world looked completely different in 2020, which for many was a year of hardship and pain. 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. We immediately shifted to virtual meetings and working arrangements, switching to digital platforms to deliver services to our clients. The IMF estimates that Albania's economy contracted by 3.5% in 2020, due to the combined effect of the COVID-19 pandemic and the November 2019 earthquake. First introduced at UNCTAD in 2015, Umoja has seen tremendous continuous development. This year's Report naturally takes stock of the COVID-19 crisis. The consequences could last well beyond the immediate impact on investment flows. Global value chains (GVCs) powered an economic revolution over the past three decades: growth accelerated, incomes rose, and poverty rates plunged. Rationale for Panel 2: FDI in the digitalized world. We convened numerous online meetings with governments and thought leaders, including across the UN system, and redesigned our projects to provide tailored solutions on the ground to blunt the impact of the pandemic. UNCTAD warned that the COVID-19 economic crisis would worsen poverty in the worlds 47 poorest nations or least developed countries (LDCs) and push as many as 32 million people in LDCs into extreme poverty, reversing years of painstaking development progress. The global economy is expected to bounce back this year with growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development (UNCTAD). We hold ourselves to a high standard of ethics and integrity. The global tourism standstill due to COVID-19 has cost the sector dearly, especially in countries heavily reliant on it, like small island nations. The DESI 2020 reports are based on 2019 data. To do so, they need a clear and . World Bank's Doing Business Report: 2020: . Transport, logistics and trade facilitation, UNCTAD - Palais des Nations, 8-14, Av. | Find, read and cite all the research you need . 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. Prime Minister Moustafa Madbouli reviewed on Sunday 28/6/2020 the World Investment Report 2020 of the UN Conference on Trade and Development (UNCTAD). The work of the Debt Management and Financial Analysis System (DMFAS) programme in 2020 was largely driven by its response to countries needs for support in debt management resulting from the COVID-19 crisis. New Digital Economy Estimates . According to the report, global FDI flows are forecast to decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion. Another recent module introduced in 2020 comprises integrated planning, management and reporting, allowing managers to plan and monitor their substantive work and resources based on defined activities, tasks and timetables, utilizing the results-based management methodology. Abstract . 03 Oct, 2022, 08.59 PM IST. The report titled, 'COVID-19 and E-commerce: A Global Review,' finds that global gross domestic product (GDP) decreased 4.3% in 2020. India's 13 per cent rise in FDI saw the total foreign investments for 2020 touching $57 billion. Data have become a key strategic asset for the creation of both private . 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. Youma Dieng Fall, co-founder of PayDunya and member of UNCTADs eTrade for Women community, shares how the business has adapted to the coronavirus crisis, bouncing back stronger from the shock. UNCTAD forecast that global foreign direct investment flows would decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion, due to the COVID-19 pandemic. PIFS will help strengthen e-commerce capacity-building and knowledge-sharing activities in the region and bring the Pacific regions experiences to other partners and stakeholders. The rapid rise of digital economy - the application of internet-based technologies to the production and trade of goods and services - has reshaped how we consume, produce and trade. The framework operates under the premise that accountability is strengthened when heads of UN Secretariat entities have direct authority and can subdelegate it to responsible managers, instead of it being concentrated more centrally. U N I T E D N AT I O N S C O N F E R E N C E O N T R A D E A N D D E V E L O P M E N T A Commitment to Inclusive Trade UNCTAD promotes the equitable participation of developing Log in Upload File. The United Kingdom is still included in the 2020 DESI, and EU averages are calculated for 28 Member States. 43.3 percent of the non-agricultural workforce was in the informal economy. Umoja enables a harmonized and streamlined approach to the UNs management of finance, human resources, procurement, assets, programme planning, and performance results, in an integrated manner across all duty stations. . We acted quickly. I am proud to lead this unique partnership that connects the dots between countries, partners and donors, and leverages the digital economy for inclusive and sustainable development, said Shamika N. Sirimanne, director of UNCTADs division on technology and logistics. A 1% increase in GVC participation is estimated to boost per capita income levels by more than 1% - about twice as much as conventional trade. of the digital economy. 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). PIFS initiated the Pacific E-commerce Initiative in 2017. The largest decline of 6.6 per cent was recorded in the African region, followed by North America (-1.4 per cent) and Latin America and Caribbean (-1.2 per cent). . Available online (viewed 28 Oct. 2019). (2019) recommended the creation of the Working Group on Measuring E-commerce and the Digital Economy. 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. These vital resources are expected to fall sharply from 2019 levels of $1.5 trillion, dropping well below the trough reached during the global financial crisis and undoing the already lackluster growth in international investment over the past decade. Post on 16-Jun-2020. (UNCTAD) produced in 2019 the report Overview of Economic and Trade Aspects of Fisheries and Seafood Sectors in Costa Rica: . The five-year framework, which aligns to the Pacific Regional E-commerce Strategy and Roadmap and the 2050 Strategy for the Pacific Blue Continent, acknowledges that e-commerce is rapidly changing the traditional market system of the country into a digital one. In January 2020, UNCTAD and Okayama University in Japan joined forces to foster and nurture young scientific talent in developing countries. The roadmap issues that affect the digital economy. The DESI was re-calculated for previous years to reflect the changes in the choice of indicators and corrections made to the underlying data. It highlights key facts and main developments, and . Attendees expressed solidarity and reaffirmed the importance of supporting research and development and innovation activities as well as skills development. All staff members at the director level and above, and those with specific financial and procurement responsibilities, are required to complete a confidential online annual disclosure of the assets, liabilities, outside activities, and affiliations for themselves, their spouses and dependent children. It has since generated widely acknowledged and vital spin-offs, such as the eTrade readiness assessments and the eTrade for Women initiative. But right now a lot of technologists, managers, and entrepreneurs are putting too much emphasis on automation.". It also includes a new chapter, added at the request of the UN General Assembly, on investment in the Sustainable Development Goals. . In its annual Trade and Development Report 2022 released on Monday, it said that world economy is expected to grow 2.6% in 2022 which is 0.9 percentage points below the rate projected in last year's report. . Our due diligence process also requires that the prospective partner has not been found to have any convictions, charges, investigations or allegations relating to sexual abuse and/or harassment. The government sees honey as a product that could help diversify the countrys oil-dependent economy and is working with UNCTAD and the European Union to improve production and boost exports. Since then, the United Nations Environment Programme annually collects and analyses environmental impact information for each UN system entity and publishes this data, most recently in the Greening the Blue Report 2020: The UN systems environmental footprint and efforts to reduce it. We noted that developing countries were hit the hardest by the steep plunge and investment flows were expected to slowly recover starting 2022. Between 2017 and 2021, PIFS partnered with UNCTAD to conduct five eTrade readiness . Second meeting: Q2 2021 (tbc) o Progress in measuring e-commerce and the . While these are still early days of the digital economy, it is already clear that it will have globally transformative impacts on the way we live, work and develop our economies. Free flow of data is required to boost the digital economy. It highlights how OECD countries and partner economies are taking advantage of information and communication . We warned that if austerity wins out again, then a lost decade would be unavoidable, spelling an end to the 2030 Agenda for Sustainable Development. It also examined the significant development dimensions of the glaring digital divide, with only half of the world's 7.7 billion people online. E.17.II.D.3 WIR 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 digital revolution has left profound impact on the overall global economy. Global FDI decreased by up to 40% in 2020. Key indicators by economy, 2020. E.20.II.D.23 . UNCTAD issued timely and regular policy advice on trade, investment, debt management and other issues to guide global efforts to cushion against COVID-19s onslaught on economies. It highlights how OECD countries and partner economies are taking advantage of information and . Three-quarters of humanity resides in 137 developing countries, and, according to the UNCTAD Digital Economy Report 2019 [3], these countries account for 90% of global digital growth. Investment and New Industrial Policy, UN Sales no. In 2021 the E-commerce and Digital Economy Programme continued to deliver on the mandate to assist developing countries to enhance their readiness to engage and integrate into the digital economy. Digital economy assessment should aim to mobilize the necessary country-level leadership and digital leadership institutions. The report focuses on trends in Foreign Direct Investment (FDI) worldwide and emerging measures to improve its contribution to development. Most Popular; Study; Business; Design; Technology; Travel; . Data and research on internet including broadband, telecom, security, privacy, ICTs, openness, Internet economy, e-commerce, consumer policy and e-government., The OECD Digital Economy Outlook 2020 examines trends and analyses emerging opportunities and challenges in the digital economy. The United Nations has sounded off a warning that the world is "on the edge of a recession" and developing . A key challenge is how to govern and harness the surge in digital data for the global good. Also, UNCTAD emerged second out of 23 agencies in the 2020 ranking of the Association of Accredited Media to UN Geneva for its sterling media outreach work, climbing from the fifth position it held in 2019. Global trade in goods decreased 9%, and global trade in services decreased 15%. Includes bibliographical references (p. 194-213). Organisation for Economic, MOPAN Multilateral Organisation Performance Assessment Network, Digital Transformation in the Age of COVID-19: Building resilience and bridging divides, COVID-19 crisis accentuating the need to bridge digital divides, La transformation numrique l'heure du COVID 19 : Renforcer la rsilience et rduire les fractures, Going Digital: Shaping Policies, Improving Lives, Measuring the Digital Transformation: A Roadmap for the Future, Acronyms, abbreviations and units of measure, Going digital: An integrated approach topolicy making in the digital age, Enhancing data access, sharing and re-use, Consumer policy in the digital transformation, Artificial intelligence, blockchain and quantum computing. Today, almost 50% of global trade involves GVCs. Lombana Bermudez, Andres. Founded in 1971, it comprises 18 members: Australia, Cook Islands, Federated States of Micronesia, Fiji, French Polynesia, Kiribati, Nauru, New Caledonia, New Zealand, Niue, Palau, Papua New Guinea, Republic of Marshall Islands, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. UNCTAD has benefitted from implementing the UNs revised delegation of authority framework, which entered into effect on 1 January 2019, bringing decision-making closer to the point of service delivery by decentralizing authority directly to entities. 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. It has noted that foreign direct investment (FDI) flows in the second quarter of 2022 reached an estimated $357 billion. PIFS initiated the Pacific E-commerce Initiative in 2017. Gross domestic product; Current account; Foreign direct investment; Prices; KEY . 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. I commend its information and analysis to a wide global audience. The latest report by UNCTAD on its assistance to the Palestinian people shows that the economy of the Occupied Palestinian Territory grew by 7.1% in 2021, following an 11.3% contraction in 2020 in . When COVID-19 was declared a pandemic in February 2020, containment measures made digitalization essential for economic and social resilience. 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. -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 . Cooperation will be crucial; sustainable development depends on a global policy climate that remains conducive to cross-border investment. Global FDI flows flat in 2019; moderate increase expected in 2020 (UNCTAD . The theme chapter of the Report shows that the digital economy is having a major impact on global patterns of investment. The COVID-19 pandemic has accelerated the process of digital transformation and added urgency for Governments to respond. ECONOMIC TRENDS. We revealed that global foreign direct investment flows slid by 13% in 2018, from $1.5 trillion the previous year to $1.3 trillion the third consecutive annual decline. 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. Entities assuring UNCTADs independent oversight include the Office of Internal Oversight Services (OIOS), which constitutes the internal oversight body of the UN, and the Board of Auditors (BoA), through which member states supreme audit institutions provide external audit to the UN on a rotating basis. 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. Despite the monumental disruptions caused by COVID-19, UNCTAD proved to be pandemic-proof by adapting to resource constraints, exercising flexibility, pulling out all the stops to deliver on our mandate using innovative approaches and providing maximum support to all stakeholders, with positive results. According to UNCTAD, the global share of ICT goods in merchandise imports surged from around 13 per cent in 2019 to nearly 16 per cent in 2020 the greatest annual increase since the records . After hardship comes relief, as the Swahili saying goes. UNCTAD's World Investment Report 2020 . 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. Flows to developing countries will be hit especially hard, as export-oriented and commodity-linked investments are among the most seriously affected. In 2020, informal employment decreased to 44.1 percent (compared to 46.3 percent in in 2019 . They shared their experiences of using STI in their COVID-19 responses by using data science and digital tools for tracking and tracing the virus and the local production of sanitizers and medical equipment such as ventilators. The United Nations Conference on Trade and Development (UNCTADUnited Nations Conference on Trade and Development (UNCTAD roadmap (2017-2019). "Both automation and augmentation can create benefits and both can be profitable. Digital solutions and policies to help the world recover better from the coronavirus crisis were in sharp focus during UNCTAD's eWeek event held in April and May. Data on bilateral connectivity are not available for all economies. 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. DEVELOPMENT STATISTICS AND INFORMATION BRANCH UNCTAD Palais des Nations 1211 Geneva 10, Switzerland statistics@unctad.org. Investment in developing . the potential of the digital economy as a driver for innovation and inclusive growth. Research shows that a 10% increase in mobile broadband penetration in Africa would result in an increase of 2.5% of GDP per capita. A key challenge is how to govern and harness the surge in digital data for the global good. 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 . Published every other year, the Report is prepared in close collaboration with external experts and organizations, including e-commerce associations, the ITC, ITU, UNCITRAL, UN regional commissions, UPU, World . Created in 2016, the eTrade for all initiative serves as a global helpdesk for information and contacts on technical assistance in policy areas key to the development of e-commerce and the digital economy in developing countries. and the Internet to meet their public policy objectives. 2021. The World Bank's 2020 Doing Business Report ranked Argentina 111 out of 190 countries for the effectiveness of its insolvency law, remaining unchanged compared to 2019 ranking. UNCTAD has said that food, fuel and finance crises around the world, the Ukraine war, rising inflation and interest rates and fears of a coming recession were among reasons for the drying up of funds. The platform allowed residents of Douala, Yaound, Garoua and surrounding regions to conveniently register businesses and create jobs even amid the economic crisis caused by the COVID-19 pandemic. As such, this years World Investment Report is required reading for policymakers and an important tool for the international development community. India among top crypto adopters. This year . WORD INVESTMENT REPORT (WIR) WIR 2020: International Production Beyond the Pandemic, Sales No. In 2020, global services exports fell by 20 per cent compared with 2019, . We continued implementing the UN Financial Disclosure Programme, designed to identify, resolve and mitigate conflict of interest risks arising from staff members' personal financial assets, liabilities, investments and outside activities. to quantify the size and growth rates of digital economy in Hungary as well as the CEE region and provide realistic scenarios for the economic impact of digitization through 2025. Investment Incentives 2020-06_YouthAndTheDigitalEconomy.pdf (8.762Mb) Author. Our new project will provide training to policymakers in 38 SIDS on: - Legal aspects of e-commerce; - Digital identity and digital authentication; and - Data collection and statistics for the digital economy. The FDI is projected to decrease by a further 5% to 10% in 2021. Under the new framework, we now have direct authority and accountability over decisions impacting our human, financial and physical resources. The OECD Digital Economy Outlook 2020 examines trends and analyses emerging opportunities Geneva. The World Investment Report, now in its thirtieth year, supports policymakers by monitoring global and regional FDI trends and documenting national and international investment policy developments. 4. In October 2020, UNCTAD signed a new agreement with the Pacific Islands Forum to enhance trade benefits in Pacific nations. ment and the Digital Economy PREFACE In 2016, global ows of foreign direct in-vestment fell by about 2 per cent, to $1.75 trillion. 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. We shared best practices with member States as they struggled to keep economies afloat while taking measures to contain the impact of the pandemic. Planned joint initiatives will improve the ability of countries in the Pacific to better tackle challenges such as climate change and pandemics such as COVID-19. We achieved 100% implementation for the recommendations made for us during the BoA audit conducted in 2019 and 2020. Maritime transport indicators. In its new report released on Wednesday, the agency said that the rebound was highly uneven along regional, sectoral and income lines, however. We place a premium on having a robust and independent oversight of our activities. The initiatives various cooperation and spin-off activities have been funded by Australia, Estonia, Finland, Germany, the Republic of Korea, the Netherlands, Sweden, Switzerland and the United Kingdom. The new format and shorter cycle also allow our managers to estimate resources more accurately and make more informed planning assumptions, which improves their accountability for results. We also achieved 97% implementation for OIOS recommendations planned for 2020. This partnership leverages a global network of businesses and resources to maximize the impact of the digital economy. COVID-19 swept across the world like a hurricane, claiming lives and jobs, spawning a massive health crisis and dismantling economies. 2020 Entertainment and Digital Media. 2020: 169%: 2019: 127.5%: UNCTAD data . UNCTAD launched the SDG Trade Monitor in October to offer a one-stop shop for updated and disaggregated official data on global trade's contribution to the SDGs. The project seeks to calculate the digital economy's contribution to U.S. GDP, improve measures of high-tech goods and services, and offer a more complete picture of international trade. We are doing our part against climate change: In 2007, we embarked on a journey to integrate environmental sustainability in our facilities and operations. Samoa launched its National E-commerce Strategy and Roadmap in Upolu on 30 September 2022. Open Access. By Jessica R. Nicholson . We are collocated with the United Nations Office at Geneva, which, in 2020, fully met four out of five of the Greening the Blue environmental performance indicators. 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 . The web-based database is a product of joint efforts with the International Trade Centre and the World Trade Organization. The year ended on a hopeful note, with COVID-19 vaccines promising to bring back a sense of normalcy. In 2020, almost all geographical regions, except Asia and Oceania, saw their terms of trade fall. a number of developments point to the strong rise in e-commerce in 2020," said the report . Through this programme, UNCTAD assisted the Solomon Islands in developing its first national e-commerce strategy. It also includes a new chapter, added at the request of the UN General Assembly . Notes: Top 10 overall connected economies are shown in the default selection. 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. .10 No.7, July 23, 2020 DOI: 10.4236/ajibm.2020.107082. World Bank/Tom Perry | University students in Tonga enjoy high-speed internet. This third edition of the OECD Digital Economy Outlook provides a holistic overview We require all our partners to affirm their zero tolerance for sexual harassment, exploitation and abuse, and firmly commit to the prevention thereof. This report introduces new and revised estimates for the digital economy as calculated by the Bureau of Economic Analysis (BEA) for the period 2005-2018. 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