High-speed rail (HSR) passenger activity totalled 625 billion passenger kilometres in 2015 with China, Europe and Japan together accounting for 95% of the global total. HSR is also the fastest growing passenger rail transport service worldwide – while global high-speed rail activity has grown steadily since 2005, growth accelerated to nearly 70% over 2013 to 2015, mainly as a result of a surge in China.
Weak productivity growth is a major problem afflicting most societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence firms that would typically exit or be forced to restructure in a competitive market.
African economists attending the 12th African Economic Conference in Addis Ababa, Ethiopia, have called for more radical monetary policy reforms and an overhaul of the tax policy regime in most countries in order to guarantee the welfare needs of the local population.
Small Island Developing States (SIDS) in the Caribbean, Pacific, Africa and Indian Ocean are among the world’s most vulnerable countries to natural disasters, and climate change is expected to greatly increase their exposure to hurricanes, storm surges, extreme winds, and flooding. A report launched today by the World Bank says the transport sector can play a central role in reducing the vulnerability of SIDS.
Member States of the United Nations Educational, Scientific and Cultural Organization (UNESCO) on Friday appointed Audrey Azoulay, a former culture minister of France, to the top post of the agency.
Despite overwhelming challenges women face at the workplace, “they are not helpless,” they will follow their dreams, work to the hardest and achieve their business goals, was a core message on day two of a United Nations forum on sustainable development.