Inequality will worsen unless the so-called “digital divide” – the gap between under-connected and highly digitalized countries – is not addressed, warns a new report released on Wednesday by the UN trade body, UNCTAD.
This Wednesday’s top stories are: one-in-five conflict-affected people suffer from a mental illness; the Security Council holds a special session on conflict prevention; 5-year-old Congolese boy is first to die from Ebola in Uganda; Sudanese protestors' rights baffled; the decline of foreign investment; and tackling child labour.
“A global economic downturn and a lack of political leadership are a combination that could end very badly for the world’s economy”, a leading UN financial expert has warned. In an interview with Daniel Johnson of UN News, Richard Kozul-Wright, a globalization expert and Director with the Trade and Development agency UNCTAD, gives his assessment of the “entrenched” economic factors dragging down growth.
With growth of 14 per cent per year in China alone, so-called creative industries could be a “gamechanger” for emerging economies, a new report by UNCTAD suggests. In an interview with UN News, the agency’s Pamela Coke-Hamilton, explains that these countries need to put sufficient digital safeguards in place to reap the full benefits.
According to a new report by UNCTAD, Foreign direct investment (FDI) has fallen more than 40 per cent in the first half of 2018, compared with the same period last year, with developing economies escaping the worst of the downturn. Overall, the global financial picture is “gloomy”, James Zhan, UNCTAD Director of Investment and Enterprise, told Daniel Johnson in Geneva.