Economic Development

Turning to sustainable global business: 5 things to know about the circular economy

Due to the ever-increasing demands of the global economy, the resources of the planet are being used up at an alarming rate and waste and pollution are growing fast. The idea of a more sustainable “circular economy” is gaining traction, but what does this concept mean, and can it help save the planet?

First Person: Raising a glass to ‘Mama Cheers’

A Ugandan woman entrepreneur who was left with just a wheelbarrow and a red dress, when a business partner ran off with all her money has been recognized with an award by the UN trade agency (UNCTAD) after she grew her company into a nationwide enterprise with five million customers.

Amidst COVID surge, Asia-Pacific region needs ‘immediate and stronger support’ 

With the coronavirus still raging in many parts of the world, the UN’s refugee agency, UNHCR, warned on Tuesday of vaccine shortages, especially in the Asia-Pacific region, and urged “immediate and stronger support” for the global COVAX initiative for equitable access to COVID-19 vaccines, “including for refugees and asylum-seekers”. 

First Person: Learning a recipe for freedom in Nigeria

When Nigerian Blessing Ojukwu became pregnant after she was raped, her family disowned her. She was forced to live with her abuser, who continued to attack her. Now, a UN-backed initiative is giving her, and others in similar situations, a chance to become financially independent, and start new lives. 

Use Africa’s rich heritage as ‘catalyst’ for transformation, urges Guterres 

A call to use Africa’s rich cultural and natural heritage as a catalyst for growth and transformation is “the right appeal at the right time”, the UN chief told a three-day forum on the continent’s future held online on Wednesday. 

Share gains from extracting precious raw materials more equitably, guard against pitfalls: UN chief

Extracting minerals, metals and other valuable raw materials from the earth, represents a “crucial juncture” between resources, ecosystems and people, all of which have an essential role to play in advancing sustainability and equity, the UN chief said on Tuesday. 

Renewable tech brings power swarming through the world’s poorest villages

Swarm grids, an innovative technology designed to work with renewable energy sources, are bringing reliable electricity to some of the world’s poorest and remote regions for the first time, providing a major boost to the livelihoods of those who live there.

Global trade soars in first quarter, but services still in doldrums

Global trade bounced back to a record high early this year, although service industries are still a shadow of their pre-pandemic selves, UN economists UNCTAD said on Tuesday.

Vaccine inequity posing ‘significant risk’ to global economic recovery: UN report

Although the outlook for global growth has improved, the ongoing impacts of the COVID-19 pandemic, as well as inadequate progress on vaccination in poorer countries, are putting recovery at risk, according to the latest UN economic forecast, published on Tuesday. 

5 things you should know about the state of the global economy

Is this the year we overcome the global economic crisis caused by the pandemic? Are our jobs in danger? Who has lost the most in the crisis and what can be done to recover? As the UN Department of Social and Economic Affairs (DESA) prepares to launch the mid-year update of the 2021 World Economic Situation and Prospects (WESP) report, here are five things you need to know about the state of the global economy.