UNCTAD Thematic Solutions Forum at the Global South-South Development Expo 2022

South-South economic integration for a sustainable recovery

The objective of the Thematic Solutions Forum is to provide an opportunity for governments, international organizations and academia to reflect and debate the role of South-South economic integration in the post-Covid recovery of developing countries.

Issues to address:

  • Stimulating a sustainable recovery from the Covid-19 shock.

    The Covid-19 pandemic has hit the global economy hard and developing countries have been disproportionately affected given their vulnerabilities and limited fiscal space to deploy stimulus packages. Despite some positive signs of recovery from last year, inflationary pressures could lead to higher interest rates in advanced economies, which could further lead to global liquidity constraints, especially for developing countries. Meanwhile, other structural issues such as unequal access to vaccines, narrow economic structure and deteriorating terms of trade remain.

    The consequences of the crisis in such a difficult context must be carefully considered, and recovery strategies and scenarios, including the contribution of South-South economic integration, must be explored both internationally and regionally.

    As UNCTAD suggested in a publication on “South-South Cooperation in the Time of COVID-19: Strengthening Solidarity among Developing Countries”, South-South cooperation could significantly contribute to the response. to the post-covid crisis and recovery of developing countries through various policy areas. including scaling up South-South financing, building SSC for trade and industrial recovery, strengthening regional integration and regional value chains, and building strategic partnerships.

  • Building resilience through successful climate adaptation.

    Stimulating economic recovery from the pandemic shock will also require an effective medium- to long-term climate adaptation strategy. Human-induced climate change has become a major concern for all economies around the world. According to IPCC analysis, the global mean surface temperature (GMST) for the decade 2011-2020 is 1.09°C higher than the period 1850-1900.

    Global warming and associated extreme events have caused widespread adverse effects on land and ocean ecosystems, which in turn have reduced food and water security, affected people’s physical health, affected human settlements and infrastructure, and hampered efforts to achieve the United Nations 2030 Agenda for Sustainable Development.

    Climate change has also resulted in enormous economic damage and lower economic growth that disproportionately affects developing countries. Therefore, they will need to adapt to the adverse effects of climate change to foster economic and climate resilience through integrated policy strategies. However, developing countries are also constrained by inadequate institutional capacity, insufficient access to climate finance and green technologies to develop a successful climate adaptation strategy.

    In this regard, South-South cooperation could play a unique role as it can not only provide complementary resources to ODA, but also facilitate South-South technology transfer and peer learning of policy strategies.

Program

  • Welcome remarks, Rashmi BangaSenior Economic Affairs Specialist, UNCTAD
  • Opening speeches and key messages, Supachai Panichpakdi, former Secretary General, UNCTAD

High Level Round Table

President: Supachai Panitchpakdi

  • Jurin LaksanawisitDeputy Prime Minister and Minister of Commerce, Thailand (TBC)
  • Ryan StraughnMember of Parliament, Minister in the Ministry of Finance, Barbados
  • Chad Blackman, Ambassador and Permanent Representative to the United Nations Office and other international organizations at Geneva, Barbados; Chairman, G77 and China (Geneva Chapter)
  • Safdar A. Sohail, Dean, National Institute of Public Policy, Lahore, Pakistan
  • Jomo Kwame SundaramSenior Advisor, Khazanah Research Institute Kuala Lumpur, Malaysia

Discussions in the room: 10 minutes

Launch of the UNCTAD video on South-South cooperation

Interactive video message with chair

  • Rebecca GrynspanSecretary General, UNCTAD

Closing remarks: Supachai Panitchpakdi

Join the meeting

About GSSD Expo 2022

The Global South-South Development Expo is an annual event organized by the United Nations Office for South-South Cooperation (UNOSSC) to showcase successful evidence-based development solutions and initiatives, in collaboration with United Nations agencies and all other partners.

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Sep 05, 2022

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