The Asia-Pacific region continues to face a deeply challenging external environment. The V-shaped recovery from the depths of the 2008-09 global financial crisis in 2010 proved to be short-lived, as the world economy entered a second stage of the crisis in 2011, continued uncertain economic outlook of the US economy and due to the Euro zone debt crisis. Notwithstanding this slowdown, growth in Asia and the Pacific remains substantially better than in any other region – continuing as an anchor of stability and growth pole for the world economy.
The 2012 edition of the Economic and Social Survey of Asia and the Pacific: Pursuing Shared Prosperity in an Era of Turbulence and High Commodity Prices, analyses the short and medium-term challenges for the region and the outlook for the year ahead. A persistent concern for the region highlighted in the Survey is the challenge presented by commodity price volatility, in particular the trend of rising commodity prices. High prices and persistent volatility are likely to become the ‘new normal’ of the global economy. This commodity boom presents risks and opportunities for both commodity exporters and importers in the region.
The flagship publication of the Economic and Social Commission for Asia and the Pacific (ESCAP) – the regional arm of the United Nations – provides policy options for governments to overcome these challenges and maintain the pursuit of inclusive and sustainable development in Asia and the Pacific.
NOTE TO EDITORS:
What: Release of United Nations Economic and Social Survey of Asia and the Pacific 2012 “Pursuing shared prosperity in an era of turbulence and high commodity prices”
When: 10.00 A.M., Thursday, 10 May 2012
Where: “Zovshiltsol”Conference Hall, Ministry of Foreign Affairs and Trade,
- Opening remark by Ms. Sezin Sinanoglu, United Nations Resident Coordinator, UNDP Resident Representative, Mongolia
- Video message by Dr. Noeleen Heyzer, Under-Secretary-General of the United Nations and Executive Secretary, United Nations Economic and Social Commission for Asia and the Pacific
- Presentation by Dr. Mia Mikic, Economic Affairs Officer, Macroeconomic Policy and Development Division United Nations Economic and Social Commission for Asia and the Pacific
- Presentation by Dr. Chuluundorj Khashchuluun , Chairman, National Development and Innovation Committee, Government of Mongolia.M
- United Nations Development Programme
- Ministry of Foreign Affairs and Trade
- National Development and Innovation Committee
For further information or to set up individual interviews, please contact:
Ulaanbaatar Contact: Ms. Jargalsaikhan P.
Communication Analyst, UNDP Mongolia
T: 327585 (195), M: 9913 5393
Bangkok Contact: Ms. Francyne Harrigan
Chief, Strategic Communications and Advocacy Section, ESCAP
T: (66) 2 288 1052 / M: (66) 81 835 8677 /
From its HQ in Bangkok, ESCAP provides a forum for its member States that promotes regional cooperation and collective action, assisting countries in building and sustaining shared economic growth and social equity.
ESCAP provides different forms of assistance to member States:
- ESCAP promotes rigorous analysis and peer learning through our core work areas: macroeconomic policy and development, trade and investment, social development, transport, statistics, environment and development, information communications technology and disaster risk reduction;
- ESCAP translates these findings into policy dialogues and recommendations, and;
- ESCAP provides good development practices, knowledge sharing and technical assistance to member States in the implementation of these recommendations.