A new report released today by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in partnership with the Science and Technology Policy Institute (STEPI) of the Republic of Korea, is calling for governments to adopt innovative financing models to advance the Sustainable Development Goals (SDGs) in the region.
While donor and philanthropic funds add up to billions of dollars, the cost of solving the world’s most critical development challenges runs into the trillions, with an estimated annual funding gap of $2.5 trillion to achieve the SDGs by 2030.
“It is imperative to implement innovations that can divert private capital towards development objectives to help bridge the SDG financing gap,” explains United Nations Under-Secretary-General and Executive Secretary of ESCAP Dr. Shamshad Akhtar. “The Innovative Financing for Development in Asia and the Pacific report aims to spark ideas and knowledge sharing to help stimulate further action to develop the innovative financing solutions urgently required for the advancement of the 2030 Agenda,” she added.
“Public policy plays a key role in enabling innovative financing for development by creating a favourable ecosystem where private capital pays more attention on SDGs,” pointed out Dr. Song, Jong Guk, President of STEPI, a leading Korean policy think-tank in the field of science, technology and innovation. “STEPI is very pleased to contribute to this flagship report to highlight the importance of innovative financing for the SDGs,” he added.
Since 2009, the Seoul metropolitan government has been implementing social economy policies to address growing inequalities, high youth unemployment rates and an aging society. These comprehensive policies have been highly successful and there are now 3500 social enterprises operating in the city, with sales volumes reaching 1.29 billion USD.
The success of the programme is based on four pillars: a cooperative governance model that encourages private and public stakeholder participation throughout the whole policy cycle, the localization of the social economy through the creation of social economy zones, fostering an ecosystem for the social economy, and expanding the public procurement of services and products offered by social enterprises to provide them with business opportunities.
The report analyses this and other innovative financing mechanisms in five core areas, namely: strategic leadership models that promote impact investing; policies that unlock corporate investment for development; private sector financing products for development; innovative public financing models for science, technology and innovation; and systemic approaches to finance and innovation as means for development.
It also features a range of other case studies from around the region and offers valuable guidelines for policymakers looking to introduce similar mechanisms. Examples include the India Impact Investment Council, the Thai Social Investment Taskforce, India’s Corporate Social Responsibility Law and Singapore’s Women’s Livelihood Bond, the problem-solving R and D programme of the Republic of Korea and the Social Outcomes Fund in Malaysia.
Key recommendations for governments include developing an impact investing strategic road map to guide the development of an innovative financing movement. The report also underlines the need for governments to provide incentives for the private sector (for example through public procurement or tax incentives) to move from economic-driven investments to impact investments that generate social, environmental and financial returns.
The report is part of ESCAP’s efforts to support its Member States in promoting social enterprises and impact investment.
China, UNIDO collaborate to support the first China International Import Expo
China will host the first China International Import Expo (CIIE) from November 5 to 10, 2018, in Shanghai, in cooperation with the United Nations Industrial Development Organization (UNIDO) and other international organizations.
Today, a project document was signed by UNIDO Director General LI Yong, and the Minister Counsellor YAO Shenhong of the Permanent Mission of China. UNIDO will assist relevant departments of the Government of China to organize the China International Import Expo, in order to promote international cooperation, facilitate imports to China from all countries and regions around the world, and increase the awareness and participation of the public and private sectors.
This project will contribute to increasing exports from other developing countries, middle-income countries (MICs) and least developed countries (LDCs), and promote their SME development by organizing international trade forums and exhibitions related to agro-industry value chain and high-end intelligent manufacturing.
“The objectives of the Expo are in line with UNIDO’s mandate and support the realization of Sustainable Development Goals 9 and 17,” said Li, “The CIIE will promote international cooperation and facilitate imports to China from the entire world, and will thus contribute to the advancement of inclusive and sustainable industrial development (ISID) and the 2030 Agenda for Sustainable Development.”
Minister Counsellor YAO Shenhong of the Permanent Mission of China stated, “The CIIE is an important move for the Chinese government to give firm support to trade liberalization and actively open the Chinese market to the world. We believe that, with this project, UNIDO’s expertise and experience will significantly contribute to the success of the Expo. We also sincerely welcome all stakeholders across the world to participate in CIIE and to explore the Chinese market.
UNIDO and CIIE will establish a mechanism for long-term cooperation that will include the launching of UNIDO investment-related reports, the sharing of results of the UNIDO Programmes for Country Partnership, and the fostering of the development of SMEs, for example through e-commerce. Environmental sustainability will be one of the core issues.
First Global Gastronomy Tourism Startup Competition Launched
The World Tourism Organization and Basque Culinary Center (BCC), have launched a pioneering initiative for the gastronomic tourism sector, with a global call for startups or companies, mature or emerging, technological and non-technological, with innovative ideas capable of revolutionizing and integrating gastronomy in tourism and inspiring tourists with new ways and reasons to travel.
The gastronomic tourism sector is moving towards innovation and the diversification of its offerings. UNWTO, in collaboration with its Affiliated Member, Basque Culinary Center (BCC), has launched the 1st UNWTO Gastronomy Tourism Startup Competition, the first and largest initiative in the world dedicated to identifying new companies that will lead the transformation of the gastronomic tourism sector.
Intangible cultural heritage has become the decisive factor that attracts and captivates tourists. Gastronomy tourism, as a component and vehicle of culture and tradition, is an indispensable resource that adds value and provides solutions for destinations that seek to stand out through unique product offerings.
The Competition will make it possible to identify the best solutions and projects that contribute the most to the sector through pioneering proposals in the implementation of emerging and disruptive technologies, as well as emerging companies or startups. It aims to identify challenges and projects, and to catalyse innovations that can transform the Gastronomy Tourism sector in the near future.
“Innovation and tourism investments are not ends in themselves, but are means to promote better tourism products, improve tourism governance and harness its proven capability to foster sustainability, create jobs and generate opportunities,” said UNWTO Secretary-General, Zurab Pololikashvili.
“Education and innovation are essential for the development of sustainable gastronomic tourism. At Basque Culinary Center, we support entrepreneurship and the development of new business projects to ensure the future of the sector. In this regard, we are proud to once again team up with our partners at UNWTO in order to continue fostering entrepreneurship and innovation linked to gastronomy tourism through this initiative,” said Joxe Mari Aizega, General Manager of Basque Culinary Center.
UNWTO and Basque Culinary Center have entrusted the process of finding startups to BCC Innovation through its Culinary Action! programme, which has accelerated nearly 50 startups by providing innovative, sustainable and high added value solutions to the gastronomy value chain.
Sustainability and technology
Startups are invited to pitch business models that are related to sustainability, respect the value chain, offer an authentic and coherent narrative, and add value to cultural and local heritage.
The winners of this competition will have the opportunity to present their projects at the 5th World Forum on Gastronomy Tourism (2-3 May 2019, San Sebastián, Spain), with the possibility of receiving personalized consulting and mentoring from the BCC experts of project accelerator Culinary Action!
Eurasian Research on Modern China-Eurasia Conference
October 26-27, 2018,National Academy of Sciences, Armenia.
Address: Marshal Bagramyan 24, Yerevan, Armenia.
Organizers:“China-Eurasia” Council for Political and Strategic Research, Foundation, Armenia,Institute of Oriental Studies,National Academy of Sciences, Armeniaand Department of Oriental Studies, ISEC, National Academy of Sciences, Armenia.
Supported by:“Transport Project Implementation Organization” SNCO,Armenia,“Diplomatic Foundation of Armenia” and “Modern Diplomacy”, Greece.
Table of Contents
(English Language Panels)
- Panel 1։ China and Eurasian Economics
- Panel 2։China’s One Belt, One Road and the World
- Panel 3։ China and One Belt One Road Initiative
- Panel 4։ China, Eurasia and Politics
- Panel 5: The History of Interaction between China and Eurasia
- Panel 6։ China and the South Caucasus
- Panel 7:China and Eurasia (International Relations)
October 26, 2018
Welcome Address (11:00-11:30)
Panel 1: (English Language). China and Eurasian Economics(11:45-13:40)
Ma Bin, (Fudan University, China), “Railway Express between China and EU:New Model of International Transportation or Traditional tool of Economic Growth?”.
Connor Judge (SOAS, University of London, Great Britain), “Competing Narratives for Chinese Investment: Serbia and Mongolia”.
Srdjan Uljevic, (American University of Central Asia, Kyrgyz Republic),
“India’s Foreign Policy in the Age of China’s Dominance in Asia”.
Arjun Chapagain, June Wang, Linda Che-lan Li, (City University of Hong, China),
“The Trans-Himalayan Trade of Medicinal and Aromatic Plants: AGeo-Historical Political Lens”.
Anna Zalinyan, (Armenia), “Peculiaritiesbetween China and European Countries on Public Administration Reforms”.
Key note Speech 13:40-14:00
Zachary Paikin (University of Kent, Great Britain, Senior Editor at Global Brief Magazine)
“The Future of Liberal Order: Russia-China Relations and Eurasian Consequences”.
October 26, 2018 (11:50-12:30)
Panel 2: (Russian Language) China’s One Belt, One Road and the World-Панель 2 Китайская инициативаОдин пояс, один путь и мир
AnatolyTsvyk, (RUDN University, Russia),
“The EU and OBOR: Mutual Benefit or Competition?” / ЦвыкАнатолий. (Российский университет дружбы народов, Россия).«Европейский союз и инициатива «Один пояс, один путь»: взаимная выгода или конкуренция?».
Konstantin Tasits,(Russian Institute for Strategic Studies, Russia),
“Sino-Georgian Economic Relations in Modern Era”. Тасиц Константин. (Российский институт стратегических исследований Россия). «Экономические отношения Грузии и Китая на современном этапе».
October 26, 2018
Panel 3։ (English Language) China and One Belt One Road Initiative (14:30-17:00)
Jukka Aukia, (University of Turku, Finland),
“Belt and Road: the Baltic States within the 16+1”.
Uzma Siraj,(Federal Urdu University Islamabad, Pakistan),
“Eastern Europe Between Constraints, Coercion, and Opportunities: BRI and China Challenging Russia and EU in their Backyard”.
Mher Sahakyan, (“China-Eurasia” Council for Political and Strategic Research, Armenia).
“China’s One Belt, One Road Initiative and Armenia”.
Ma Xiaoyun, (Party School of CPC Tongling Municipal Committee, China),
“OBOR and China’s Midland Open Economy Development-A Case Study on Anhui”.
Gabriel de Rezende Piccinini, Alena Vysotskaya Guedes Vieira(University of Minho, Portugal),
“The Eurasian Economic Union and the One Belt, One Road Initiative: how Brazil and the European Union See It”.
Clayton HazvineiVhumbunu, (University of KwaZulu-Natal, Republic of South Africa).
“The Economic Impact of China’s One Belt, One Road Initiative on Eurasia”.
Ani Hakhverdyan (Russian-Armenian University, Armenia), “The Energy Silk Road”.
October 26 (17:20) ****Drinks and Pizza (Reception).
Panel 4։ (English Language) China, Eurasia and Politics(10:00-12:20)
Anahit Parzyan, (“China-Eurasia” Council for Political and Strategic Research, Foundation, Armenia), “Some aspects of Digitalization of China”.
Maximilian Ohle, (Nankai University), Richard J. Cook, (Nankai University), Zhaoying Han, (Nankai University China, the Editor-in-Chief of the Nankai Journal),
“China’s Engagement with Kazakhstan and Russia’s Zugzwang: Why is Astana Incurring Regional Power Hedging?”
Izabella Muradyan, (Chinese Centre Culture and Science, Armenia),
“Geo-Economic Cooperation with China under One Belt, One Road Initiative: Armenian Keys from EAEU”.
Luiza Grigoryan, (European University in Armenia),
“China and the Brics”.
October 27, 2018 (10:00-11:20)
Panel 5: (Russian Language) The History of Interaction between China and Eurasia-Панель 5. Историясношения (Китай-Евразия)
Sergey Kozlovsky, (The Ivan Franko National University of Lviv, Ukraine), “The Theory and genesis of Pax Sinica”/КозловскийСергей. (Львовский национальный университет имени Ивана ФранкоУкраина). «Теория фронтира и генезис PaxSinicia».
KhusnutdinovaLiailia, (Ufa State Petroleum Technological University, Russia), “On Historical Aspect of Chinese nation in Republic of Bashkortostan”. /ХуснутдиноваЛяйля. (Уфимский государственный нефтяной технический университет. Россия).«К проблеме истории Китайского народа в Республике Башкортостан».
Panel 6: (English Language)China and South Caucasus (13:10-14:30)
Vakhtang Charaia,(Ivane Javakhishvili Tbilisi State University, Georgia),
“Trade and Investment between South Caucasus, China and EU”.
Gabriela Radu, (Strategic Analyst,Romania),
“Foreign Direct Investment Trends in the Southern Caucasus”.
Saren Abgaryan. (Shanghai Jiao Tong University, China),
“China-Armenia Bilateral Investment Treaty (BIT) in the Context of Chinese Evolving BIT Practice and Jurisprudence”.
October 27 (11:20-12:30)
Панель 7. (Russian Language)КитайиЕвразия (Внешняяполитика)- China and Eurasia (International Relations)
Andranik Hovhannisyan, (Russian-Armenian University, Armenia), “The Pivot towards Asia: Perspectives of Formation of Asian NATO”. /ОваннисянАндраник(Российско-Армянскийуниверситет, Армения).«ПовороткАзии: перспективыформирования «АзиатскогоНАТО»».
OganesyanArusyak, (RUDN University, Russia), “The Role of Eastern Asia in China’s Foreign Policy”. /ОганесянАрусяк.(Российский университет дружбы народов, Россия).«Роль Восточной Азии в современной китайской внешней политике».
KhubrikovaBadma, (BuryatStateUniversity, Russia), “SoftPowerintheEraofXiJinping”. /ХубриковБадма, Бурятскийгосударственныйуниверситет.
«Мягкая сила» в эпоху Си Цзиньпина».
October 27 (15:00) ****Drinks and Pizza (Reception).
National Academy of Sciencesis in the Center of the city, in the front of National Assembly of Armenia.Address: Marshal Bagramyan 24, Yerevan, Armenia.
Nearest Subway station is “Marshal Bagramyan”.
Working languages in different panels are English or Russian.
All audience members are required to register for the conference. Please contact email@example.com
Conference Facebook Page:
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