14 September 2017 – The United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) today launched the Global Innovation Coalition for Change with partners from the private sector, the academia and non-governmental organizations to encourage innovation and technology work better for young women and girls around the world.

&#8220Innovation and technology provide unprecedented opportunities to reach those who are the most likely to be left out of the benefits of progress. They can break women out of isolation and create a market for their innovative ideas and products,&#8221 said Phumzile Mlambo-Ngcuka, the Executive Director of UN Women, in a news release announcing the launch.

&#8220Through the Global Innovation Coalition for Change and similar partnerships we can bring together the best of academic brain power and research, industry practical know-how, and civil society’s drive and reach to creatively disrupt the status quo,&#8221 she added.

According to UN Women, the partnership will focus on building market awareness of the potential for innovations that meet the needs of women through research and advocacy and will also identify the key industry-specific barriers that obstruct women’s and girls’ advancement in innovation, technology and entrepreneurship.

It will also work collaboratively to identify key actions that can help overcome these barriers through actions including sharing of good practices, developing capacity and investing in specific innovations through targeted support.

Additionally, underscoring the importance of partnership with the private sector to advance gender equality and women’s empowerment through innovation and technology UN Women noted that the Global Innovation Coalition for Change is an important step to bring about transformative change in the lives of women and girls.

14 September 2017 – Noting that the world economy in 2017 &#8220is picking up but not taking off,&#8221 a new United Nations trade and development report has cautioned against fiscal austerity and harnessing finance to support job creation and infrastructure investment.

Put people before profits, UN urges in annual trade report

Noting that the world economy in 2017 &#8220is picking up but not taking off,&#8221 a new United Nations trade and development report has cautioned against fiscal austerity and harnessing finance to support job creation and infrastructure investment.

A combination of &#8220too much debt and too little demand at the global level has hampered sustained expansion of the world economy,&#8221 said Mukhisa Kituyi, the Secretary-General of the UN Conference on Trade and Development (UNCTAD), launching its 2017 Trade and Development Report.

According to the report’s findings, growth this year is expected to reach 2.6 per cent, slightly higher than last year, but still well below the pre-financial crisis average of 3.2 per cent.

Most regions are expected to register small gains, with Latin America exiting recession and posting the biggest turnaround, even if only at 1.2 per cent growth. The Eurozone is expected to see a 1.8 per cent growth while the United States could witness 2.1 per cent.

However, with insufficient global demand, trade remains sluggish and only minor improvement is anticipated this year, primarily due to a recover in South-South trade (led by China).

Furthermore, in the absence of a coordinated expansion led by the advanced economies, sustaining the limited global economic acceleration hinges on lasting improvements in emerging economies, noted UNICTAD.

An ‘age of anxiety’

Further in the news release, UNCTAD reported that &#8220debt explosion&#8221 and the rise of &#8220super- elites&#8221 (loosely identified as the top 1 per cent) &#8211 two of the largest socioeconomic trends in recent times &#8211 could be linked through the deregulation of financial markets, to the widening ownership gap of financial assets and a fixation on short-term returns.

&#8220As such, inequality and instability are hard-wired into hyperglobalization [making] for a world with insufficient levels of productive investment, precarious jobs and weakening welfare provision,&#8221 it noted, adding:

&#8220This has become self-perpetuating, with the run-up to a crisis driven by the ‘great escape’ of top incomes, while their aftermath is marked by austerity and stagnating incomes at the bottom.&#8221

The report also examined other factors leading to growing anxiety, pointing to increased automation through employment of robotics as well as gender dimensions, including discrimination based on gender in the job market, as factors causing much worry in economies.

It also warned that warns that failure to correct the excesses of hyperglobalization could not only jeopardize social cohesion but also diminishing trust in both markets as well as in political actors.

A global new deal for the 21st century needed

Drawing lessons from 1947, when the International Monetary Fund, the World Bank, the General Agreement on Tariffs and Trade and the UN joined forces to rebalance the post-war global economy, the UNCTAD report called for an equally ambitious and collaborative effort to tackle the inequities of hyperglobalization to build inclusive and sustainable economies.

&#8220The successes of the New Deal of the 1930s in the United States owed much to its emphasis on counterbalancing powers and giving a voice to weaker groups in society, including consumer groups, workers’ organizations, farmers and the dispossessed poor,&#8221 said UNCTAD, stressing that the lesson still holds true today.

&#8220In today’s integrated global economy, governments will need to act together for any one country to achieve success,&#8221 it added, urging countries to seize the opportunity offered by the Sustainable Development Goals (SDGs) and put in place a &#8220global new deal&#8221 for the twenty-first century.

14 September 2017 – Marking the twentieth anniversary of the establishment of the United Nations Office on Drugs and Crime (UNODC), Secretary-General António Guterres underscored the importance of justice to prevent conflict, promote peace and security, and achieve the Sustainable Development Goals (SDGs).

&#8220I am proud of the support UNODC provides to countries to tackle the interlinked problems of drugs, organized crime, terrorism and corruption,&#8221 said Mr. Guterres in a video message at a special event to commemorate the agency’s anniversary.

In his message, the UN chief also applauded the work and commitment of the agency’s staff and reaffirmed his support the UN agency.

Headquartered in the Austrian capital, Vienna, UNODC is mandated with assisting UN Member States in their fight against illicit drugs, crime and terrorism. It was established in 1997 through a merger between the then UN Drug Control Programme and the Centre for International Crime Prevention. Its work is translated to the field-level in all regions of the world through an extensive network of field presences.

In a keynote address, UNODC Executive Director Yury Fedetov said that the anniversary was an opportunity to reflect on the changes, acknowledge the challenges and renew UNODC’s commitment to strengthen future cooperation.

&#8220We have come a long way in these past 20 years […] now we have conventions and instruments that have been ratified by nearly every country in the world,&#8221 he said, noting important progress in fighting heinous crimes.

In his remarks, Mr. Fedotov recounted benefits brought on by globalization but said that the world continues to grapple with persisting problems due to what he said was &#8220asymmetric globalization,&#8221 leaving many behind, undermining trust and creating instability.

In particular, he warned of a growing nexus between transnational organized crime and terrorism that encouraged cultural property trafficking and generated funds for terrorists.

&#8220Cybercrime has emerged as a truly borderless threat […] use of the dark net for drug trafficking is growing by leaps and bounds [and] cryptocurrencies are providing new avenues for moving and laundering criminal proceeds, straining the knowledge and capacities of law enforcement agencies to keep up,&#8221 he added.

In his remarks, the UNODC chief also spoke of the importance of the partnership between the UN agency and the private sector and civil society in the areas of drug prevention, anti-corruption initiatives, education and promoting fair play in sports.

&#8220So on this twentieth anniversary of UNODC, in these transformative times, I urge Member States and all of our partners to commit to working together and providing the needed resources, to advance our efforts to address crises, achieve the SDGs and build safer, more secure societies,&#8221 said Mr. Fedotov.