UNUnited Nations Economic Commission for Europe

Economic Analysis

Major achievements in 2005

The two issues of the Economic Survey of Europe produced in 2005 provided a review of current macroeconomic developments and an assessment of the short-run outlook in the UNECE region with special emphasis on eastern Europe and the CIS. The better performance of the United States relative to western Europe in terms of output and productivity growth since the 1990s is now an accepted fact. The first issue of the Survey included a study which analysed this issue from a longer-term perspective, and suggested that a more comprehensive comparison between the United States and western Europe, that includes social and environmental indicators, income distribution, social welfare and health care, might present a different picture than if per capita gross domestic product alone is considered.

Rich endowments in oil and gas present tremendous opportunities but also significant challenges to sustainable economic development for a significant number of member States in the UNECE region. With the aim of identifying some of the main tasks and responsibilities of UNECE governments, the UNECE Spring Seminar 2005 dealt with the topic “Financing for development in the UNECE region: promoting growth in low-income transition economies”. Participants at the Seminar pointed out that the gains from globalization have been shared unequally and that some countries have been left behind because they have been unable to mobilize sufficient domestic financial resources or to attract sufficient foreign capital to invest in economic development. They called for multilateral and international cooperation to guarantee stable access to international financial markets for developing and transition economies.

In accordance with the ongoing restructuring of some UN-wide analytical activities, the UNECE has new responsibilities in the preparation of the annual publication World Economic and Social Prospects (WESP) and World Economic and Social Survey (WESS) published by the Department of Economic and Social Affairs (DESA) in New York. UNECE has provided substantive inputs on the short-term economic outlook in the UNECE region for the next issue of WESP. It has also prepared background papers on the medium term growth potentials in the region for the WESS.

UNECE contributed to the review of commitments of the OSCE by preparing a report on “Integration, Trade and Transport” in the UNECE region, highlighting OSCE commitments in the areas of integration (i.e., trade and capital flows) as well as transport. In the context of integration, assessment of the degree of access to the Internet as well as other forms of modern communication was also made. UNECE has also been involved with the OSCE in jointly developing the conceptual framework for the early warning mechanism.

Pascal Lamy, current Director-General of the World Trade Organization, delivered the 2005 Gunnar Myrdal lecture on “Global Governance: Lessons from Europe”. In this presentation, Mr. Lamy attempted to determine the right kind of governance for a world that is now global and the amount of governance that is needed. Starting from the principle of subsidiarity, where governance should be as local as possible, he reasoned that global governance should be limited to those cases where a more regional approach would be ineffective. Using this basic principle, he examined the need for global governance by drawing on the experience of European integration.

Population analysis focused on the Generations and Gender Programme (GGP), and on the follow-up activities to the UNECE Ministerial Conference on Ageing (MiCA, Berlin, 2002) and to the European Population Forum (Geneva, 2004).

In the framework of the follow-up to MiCA, the UNECE organized the workshop «Care Provision in Ageing Societies: What are the Policy Challenges and How to Address them?» in April in Malta, in cooperation with the European Centre for Social Welfare Policy and Research and the Institute for Older Persons and Social Services, Madrid, Spain. The workshop outlined a two-pronged approach to the review of the implementation of MiCA decisions by governments, which includes monitoring the policies specific to population ageing and the extent to which ageing is mainstreamed into general development policies.

In the framework of the revision of the Recommendations for the 2010 Round of Population and Housing Censuses in the UNECE Region, the UNECE will prepare and publish a study on national practices during the 2000-round of population and housing censuses.