Productive growth

Sustained and inclusive economic growth is an essential requisite for poverty eradication and sustainable development. Productive infrastructure, access to ICTInformation and communications technology (ICT) is a diverse set of technological tools and resources used to transmit, store, create, share or exchange information. These resources include computers, the Internet, live broadcasting technologies, recorded broadcasting technologies and telephony -—
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—-. and new technologies, and a stable macroeconomic environment are some of the most important determinants of long-term growth. These are some of the topics covered in this theme of SDG Pulse, along with the domestic and international mechanisms available to finance these policies.

As shown in the statistics and insights presented in SDG Pulse, there are great opportunities to use infrastructure, new technologies, sound economic policy and stable financing mechanisms as enablers of growth. However, these same areas, when not properly managed, could also become obstacles for development. The SDGSustainable Development Goal indicators allow countries to monitor these areas and identify the most urgent priorities.

Available data on these SDG indicators show a mixed picture. On one hand, there has been significant progress in developing economies in many areas, including access to ICT technologies among the population and a growing weight as transport hubs for global trade. On the other hand, there are also important concerns in many countries regarding access to international sources of financing for development and debt sustainabilityA country’s capacity to finance its policy objectives through debt instruments and service the ensuing debt -—
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—-., concerns that have only grown more acute in light of stresses brought on from the aftermath of the COVID-19COVID-19 is an infectious disease caused by the strain of coronavirus SARS-CoV-2 discovered in December 2019. Coronaviruses are a large family of viruses which may cause illness in animals or humans. In humans, several coronaviruses are known to cause respiratory infections ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS). The most recently discovered coronavirus causes coronavirus disease COVID-19 -—
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—-. pandemicCommonly described by the WHO as ‘the worldwide spread of a new disease’, no strict definition is provided. In 2009, they set out the basic requirements for a pandemic: • New virus emerges in humans
• Minimal or no population immunity
• Causes serious illness; high morbidity/mortality
• Spreads easily from person to person
• Global outbreak of disease.
The US Centre for Disease Control uses a similar approach, but with a reduced set of criteria. It is very difficult to gauge whether the spread of a disease should be termed an outbreak, epidemic or pandemic. In other words, when to declare a pandemic isn’t a black and white decision -—
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—-. and the war in Ukraine. In terms of domestic resource mobilization, illicit financial flows are increasingly considered as a significant threat to sustainable development, requiring concerted national and international efforts to contain it.

 

Pilots will help to find feasible country-specific solutions to applying the common framework for IFFsIllicit financial flow.
UNCTAD & UNODC SDG indicator 16.4.1