Showing posts with label "Professor Paul Collier". Show all posts
Showing posts with label "Professor Paul Collier". Show all posts

Monday, 30 March 2009

BAN TO PUSH FOR FURTHER INVESTMENT IN HAITI TO WIDEN ‘BREAK-OUT OPPORTUNITY’

Secretary-General Ban Ki-moon today said that he will be asking donors to go beyond traditional assistance and invest in Haiti, at a time he called a crucial turning point for the impoverished Caribbean nation.

"This is Haiti's moment, a break-out opportunity for one of the poorest nations to lift itself toward a future of real economic prospects and genuine hope," Mr. Ban wrote in an opinion piece published in the New York Times on-line edition.

The Secretary-General, who earlier this month visited Haiti with former United States President Bill Clinton, said that Haiti stands a better chance than almost any emerging economy, not only to weather the current economic storms but to prosper, because of new US trade legislation.

HOPE II, as the act is known, offers Haiti duty-free, quota-free access to US markets for the next nine years. "No other nation enjoys a similar advantage," Mr. Ban said. "This is a foundation to build on."

He sees it, he says, as a chance to consolidate the progress the country has made in winning a measure of political stability, with the help of the UN peacekeeping mission, and move to genuine economic development, creating the jobs needed to alleviate the country's massive unemployment, particularly among youth.

Mr. Ban said he will be advocating investment in Haiti, for these purposes, at an international donor conference to take place next month in Washington

Paul Collier, an Oxford University economist and Mr. Ban's special adviser on Haiti, has helped the Government devise a strategy to create those jobs, emphasizing the country's traditional strengths in garments and agricultural production.

The plan calls for the enactment of new regulations lowering port fees (now among the highest in the Caribbean) and creating the sort of industrial clusters that have come to dominate global trade.

It also calls for dramatically expanding the country's export zones, so that a new generation of textile firms can generate economies of scale, drive down production costs and spark "potentially explosive growth constrained only by the size of the labour pool," as Mr. Ban put it.

Describing some of the experiences on his recent trip, Mr. Ban recalls visiting a factory in the capital where workers earned $7 a day making T-shirts for export, vaulting them into the Haitian middle class. "Under HOPE II, the owner figures he can double or triple production within a year," he said.

The UN peacekeeping mission in the country (MINUSTAH) has been working with Haitians for nearly five years towards creating a secure and stable environment within which key reforms and economic development could take place, he stressed.

In related news, today MINUSTAH announced some details of its electoral assistance plan for Haiti's legislative elections scheduled for 19 April.

With voter registration, printing of ballots and training of electoral workers now completed and some 9,500 polling stations in place, the Mission is now distributing some 100 tons of equipment it received last week.

It said some 4,000 electoral security workers will be on hand to keep the peace on election day in addition to 6,500 UN peacekeepers.

To further assure the success of the elections, MINUSTAH said, it would deploy more than 1800 civilian staff, 11 aircraft, 950 vehicles and some 300 horses and mules.
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Monday, 23 February 2009

INDUSTRIAL DEVELOPMENT OFFERS HOPE FOR WORLD’S POOREST ‘BOTTOM BILLION,’ SAYS UN

INDUSTRIAL DEVELOPMENT OFFERS HOPE FOR WORLD'S POOREST 'BOTTOM BILLION,' SAYS UN
New York, Feb 23 2009 10:00AM
Sustainable industrial development offers a ray of hope for lifting the world's "bottom billion" – those that live on less than $1 a day – out of poverty, according to a new report released today by the United Nations.

The <"http://www.unido.org/index.php?id=6519&tx_ttnews[tt_news]=326&tx_ttnews[backPid]=6&cHash=72bc073545">Industrial Development Report 2009, launched in London by the UN Industrial Development Organization (<"http://www.unido.org/index.php?id=28"UNIDO) and the lead author, Professor Paul Collier, University of Oxford, is about the opportunities and constraints faced by two groups of countries.

The first are the countries of the "bottom billion" trying to break into global markets for manufactured goods, and the second are the middle-income countries that are striving to move up to more sophisticated manufacturing.

The report identifies a comprehensive set of policies to help both groups break out of poverty and achieve accelerated economic growth and sustainable development through "value-creating" industrialization.

"Our report represents a major conceptual breakthrough on how to tackle global poverty through sustainable industrial development," UNIDO Director-General Kandeh Yumkella <"http://www.unido.org/fileadmin/user_media/News/2009/PR07.pdf">said.

"Bottom Billion nations will be able to arrive at their own, tailor-made solutions to successfully tackle poverty building on the research findings and informative case studies highlighted in this report."

Among the main features of the report include helping reduce global poverty by assisting the poorest countries choose the right products to manufacture for the global market, supporting their efforts to penetrate markets by improving export supply capacities and meeting international quality and safety standards, and identifying polices to accelerate industrial growth.

The report also proposes a new UN category of "least developed manufacturing countries" that could be used by the World Trade Organization with respect to trade preferences for the manufactured exports of low-income countries.

Ten case studies of "dynamic industrial locations" in developing countries are presented in the report to demonstrate that the right policies have made a significant difference in the economic development of these countries.

They show, for instance, that countries that specialized in making an individual component of a whole product, rather than the entire product, grew more rapidly. One example of this is the Chinese city of Qiaotou that built its industry on the production of buttons and now accounts for 65 per cent of the world's production of buttons.

UNIDO added that the report shows once again that poorer countries should not rely on the export of primary commodities to bankroll their development, noting that commodity prices are subject to the volatility of global markets and that such a focus can sometimes discourage the growth of manufacturing.
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For more details go to UN News Centre at http://www.un.org/news