This handbook “Corporate Agenda of Sustainable Development: Toward Responsible Business 2.0”, which was developed by the ESCAP Sustainable Business Network (ESBN) Task Force on Banking and Finance, aims to promote socially responsible business practices and corporate sustainability among banks and financial institutions, and others, responsible for facilitating the enhancement of productivity in the regional business community.
Business as usual is not an option if the ambitions of the 2030 Agenda for Sustainable Development are to be met. The scale and depth of the goals require a radically different and disruptive approach—the essence of innovation—along with significant scientific breakthroughs and technological advancements. Science, technology and innovation (STI) have the potential to increase the efficiency, effectiveness and impact of our efforts to meet the ambitions of the 2030 Agenda and create benefits for society, the economy and the environment.
Despite experiencing a decade of rapid economic and export growth, Asian land-locked developing countries (LLDCs) are still in a difficult position with regard to integration with the rest of the region and the global economy. This paper examines the changes in trade structure and performance of Asian LLDCs. It shows that after a decade-long global commodity boom, most of the Asian LLDCs have become resource-dependent.
The pace of economic expansion in Asia and the Pacific has slowed considerably in recent years; with the outlook clouded by uncertainty, growth is expected to plateau at about 5% for both 2016 and 2017. Sluggish exports played a significant role in this slowdown, but so did moderate domestic demand. Worse, a confluence of downside risks could lead to further moderation in the pace of growth.
The Asia-Pacific Countries with Special Needs Development Report 2016 explores ways to adapt the 2030 Agenda for Sustainable Development to the unique circumstances, capacities and levels of development of the Asia-Pacific least developed countries, landlocked developing countries and small island developing States, collectively referred to as countries with special needs (CSN).
ESCAP supports governments in Asia-Pacific in implementing measures to efficiently involve the private sector in infrastructure development. Developing case studies is part of this effort and promotes exchange of experience among the countries of the region.
Case 1: Traffic Demand Risk / The case of Bangkok’s Skytrain (BTS)
The following case study examines the issue of traffic demand risk and sheds light on how the problem of inaccurate ridership forecasts can impact a PPP project by using the example of the Bangkok SkyTrain.
The advent of the digital age in international trade has opened new possibilities for countries at all stages of development. Digital trade can support the achievement of the United Nations Sustainable Development Goals (SDGs) and increase economic prosperity worldwide. However, many developing economies, and particularly least developed countries, often lack the digital infrastructure and legal and policy frameworks to enable their citizens to seize these opportunities.
This report highlighted some emerging technologies such as the use of Big Data for DRM purposes. It is one that is still being explored but has so far demonstrated immense potential. However, along with it come significant challenges that have to be overcome in order to truly benefit from real-time use of MNBD. Utilizing new sources of data such as MNBD and even social media for assisting in predicting emerging trends and shocks as well as for building greater resilience is still an emergent field.
This working paper introduces the concept of bilateral asymmetries in international merchandise trade statistics (IMTS), i.e. the discrepancies that can be seen in reported bilateral trade flows between trading partners. Such discrepancies mean that the value of exports reported by one country does not equal to the value of imports reported by its partner, also called mirror data. These discrepancies impact bilateral trade balances and other economic variables reliant upon trade balance.