First World Happiness Report 2020 released. It uses publicly available data published by official data providers (World Bank, WHO, ILO, others) and other organizations including research centers and non-governmental … In a worst-case scenario, if trade conflict worsens and causes a slump in investor confidence, up to 30.7 million people could be pushed into poverty (below $5.50 a day), and global income could fall as much as $1.4 trillion. Caste Discrimination: Gandhi and Ambedkar. Make simple notes . UN World Water Development Report 2020: Water and Climate Change English | Français(pdf) 2. Advanced economies pursue open, predictable policies. New technologies could draw production closer to the consumer and reduce the demand for labor. For the IAS Exam, the key findings of WDR 2020, the meaning of GVCs and India’s performance with GVC participation are important for prelims and mains (GS 2, GS 3) exams. The highest score on the HDI is 1.0. On October 30, 2020, the World Bank released the migration and development brief report. A 1 percent increase in GVC participation is estimated to boost per capita income by more than 1 percent, or much more than the 0.2 percent income gain from standard trade. The latest world bank report is the World Development Report 2020 that focuses on the trading for development in the age of global value chains (GVCs.) Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. Gender Discrimination: Female Foeticide, Land and Property Rights; Empowernment. This report is also known as Bhutanese resolution as the Bhutan government believes that the … GVC leads to the integration of know-how of lead firms suppliers of key components along the stages of production and in multiple offshore locations. UNESCO (United Nations Educational, Scientific and Cultural Organization) Global Education … 1. That will serve the purpose on a longer run. Required fields are marked *. The World Bank . How the countries are ranked? The sustainable development solutions network of United Nations releases World Happiness report on 20 th March of every year as the UN celebrates World Happiness Day on this day.. It concludes that technological change is at this stage more a boon than a curse. Global value chains (GVCs) account for almost 50% of global trade today. Part of: GS Prelims and Mains II and III – Role of international organizations; Security issues In news: According to the latest World Drug Report of the United Nations Office on Drugs and Crime (UNODC) –. Opium seizure – Iran, Afghanistan and Pakistan were the top 3 countries. ... World Development Report . Ease of Doing Business . 9. 8. GVC leads to structural transformation in developing countries by driving people out of less productive activities towards more productive manufacturing and service activities. Boost in trade – New technologies create both opportunities and risks: These technologies favour trade and GVCs. Nov 14, 2020 Odishatv.in is an initiative by Odisha Television to connect netizens to the latest information about Odisha and beyond. According to the report the remittances of India will fall by 9% by the end of 2020. Over the past 30 years, they have helped poor countries grow faster, lifting many out of poverty. Two threats to labour-intensive, trade-led growth: GVC drives employment, better standard of living, and reduced poverty: Efficiency is enhanced by ‘Hyperspecialization’. March 20 was designated as the World Happiness Day by the UN General Assembly in 2012. Latest today's current affairs for 11 Sep 2020 to prepare for UPSC IAS, SSC, Bank, CLAT, Railways, Insurance and other government and competitive exams. World Economic Situation and Prospects 2020 The United Nations Conference on Trade and Development (UNCTAD), United Nations Department of Economic and Social Affairs (UN DESA) and the five United Nations Regional Economic Commissions have jointly released the World Economic Situation and Prospects 2020 (WESP). About the World Happiness Report The World Happiness Report ranks 156 countries by how happy their citizens perceive themselves to be. [Prelims 2020] [Part 3/4] List of Indices and Reports: Environment-related: World Water Development Report, Emission Gap Report, Global Environment Outlook and more Written by : ForumIAS Posted on April 4th, 2020 Last modified on January 7th, 2021 Comments Views : 29,447 Trade protectionism can hamper the evolution of GVC. Durability in the firm-to-firm relationship helps in better diffusion of technology and access to capital and inputs along the chains. The 2020 report for the first time ranks cities around the world by their subjective well-being and digs more deeply into how the social, urban and natural environments combine to affect our happiness. Let us understand what GVC is. Since different countries participate in Global Value Chains in different ways, India too has its own participation in GVC. This is the eighth World Happiness Report. Last year’s rank- 130. The growth in GVC was rapid in the 1990s but since the global crisis of 2008, the GVC expansion has slowed: Due to the decline in the overall economic growth, Due to the slowing pace of the and reversals of trade reforms. Global value chains (GVCs) powered an economic revolution over the past three decades: growth accelerated, incomes rose, and poverty rates plunged. Today, almost 50% of global trade involves GVCs. Use desktop mode to see this page in better way. For the IAS Exam, the key findings of WDR 2020, the meaning of GVCs and India’s performance with GVC participation are important for prelims and mains (GS 2, GS 3) exams. For IAS 2021 preparation, candidates can refer to related links below: Your email address will not be published. Reforms in transportation and communication infrastructure can bring benefits to remote locations of the countries. The Sustainable Development Solutions Network for the United Nations released the World Happiness Report on 20 th March, 2020. The 2020 Report has introduced the planetary pressures-adjusted Human Development Index, which adjusts the standard Human Development Index (HDI) by a country’s per capita carbon dioxide emissions and material footprint. World Happiness Report 2020. The report is not an official monitoring tool. India in top five (fourth position) in terms of seizure of opium in 2018. Development and Social Progress. World Drug Report and UNODC. UPSC Preparation World Investment Report 2020 The United National Conference on Trade and Development (UNCTAD) brings out the World Investment Report annually. Founded in California in 2002, its mission is to "transform local communities by investing in global heritage.". The World Development Report (WDR) 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. These vital resources are expected to fall sharply from 2019 levels of $1.5 trillion, dropping well below the trough reached during the global financial crisis and undoing the already lackluster growth in international investment over the past decade. Meanwhile, serious threats have emerged to the model of trade-led growth. India’s remittances will drop down to 76 billion USD due to covid-19 crisis and the Global economic recession . GVCs can further boost inclusive and sustainable growth, create better jobs and reduce poverty, if developing countries implement deeper reforms and industrial countries pursue open, predictable policies. Trade conflict and the lack of major reforms may inhibit GVCs from remaining a force for prosperity. India is one among the list of nations that have transitioned from limited manufacturing GVCs into advanced manufacturing and services GVCs. HINT: The Caspian Sea is the world’s largest inland body of water, variously classed as the world’s largest lake or a full-fledged sea. The main and distinguishing feature of GVC is the inter-firm flow of know-how. Water and Climate Change. High female employment – The percentage of women employed in firms related to GVCs is more than the ones employed in non-GVC firms. In India, Indonesia, and Nigeria, firms with fewer than 10 workers account for more than 99 percent of the total. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. The information in this article is based on that report. Executive Summary English | Français | Español | Русский | العربية | 中文 (pdf) Italiano | Deutsch | Português | हिन्दी | Korean(pdf) 3. 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But the expansion of GVCs has plateaued since 2008 due to a decline in overall economic growth and the slowing pace of reforms. The HDI was first launched in 1990 and has been released annually ever since, except 2012. India has seen an expansion of GVC in services. Context: Making a case for creating more formal jobs, the World Bank in its draft World Development Report 2019 said in India the pay-offs in the formal sector are over twice as much as in the informal sector, which is among the largest in the world. The World Bank publishes the World Development Report (WDR) annually. For example, ICT and business services sectors have rapidly expanded. For example, Human Development Index (HDI) is prepared by UNDP as part of Human Development Report. Steepest declines in poverty are witnessed among those countries that became an integral part of the GVC. The river Volga merges into the (UPSC-CISF-2020) (a) Black Sea (b) Mediterranean Sea (c) Caspian Sea (d) Baltic Sea. The Sustainable Development Report (including the SDG Index & Dashboards) is a complement to the official SDG indicators and voluntary country-led review processes. Daily current affairs, General Awareness and GK are compiled from latest news from all major publications like The Hindu, The Economic Times, PIB, Indian Express and official Government sources. It has been published since 1978. In the age of GVCs, the need for greater international cooperation is particularly urgent. The trade of know-how in different sectors like agriculture, manufacturing, and services lead to growth across industries. The 2020 global Living Planet Index shows an average 68% fall in monitored vertebrate species populations between 1970 and 2016. In this post, as a continuation, we have prepared the list of indices and associated organisations. For example, one final product goes through value-addition in different offshore locations in place of getting fully manufactured in one place. Report and Indices for 2020 UPSC published by different organisations Report and Indices for 2020 UPSC. Notions of God: Attributes; Relation to Man and the World. The last report as of May 2019 was made available in September of 2018. Innovation leads to new traded goods and services– substantiated by the fact that in 2017, 65 percent of trade took place in categories which did not exist in 1992. Washington, DC 20433 USA, Trading for Development in the Age of Global Value Chains. 1818 H Street, N.W. And conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation, industrial countries pursue open, predictable policies, and all countries revive multilateral cooperation. India is one among the nations where outward direct investments of firms have surged from 7 billion US dollars to 200 billion US dollars (Between 2000 and 2015) which makes a ⅓ of global GDP. In the last post, we wrote about the names of reports published by various organisations and their importance in UPSC exams. New technologies, such as automation and 3D printing, are a frequent cause for concern. Global flows of foreign direct investment (FDI) will be under severe pressure this year as a result of the COVID-19 pandemic. Q. Facts and Figures English | Français | Español | Italian | Portugese(pdf) Sugge… All countries need to work cooperatively to address policies that distort trade and to keep markets open. It puts a stress on the natural resources – Any trade if accompanied by production or energy subsidies promotes excess production that further leads to depletion of natural resources. Theme: “Trading for Development in Age of Global … How national policies can boost GVC participation, World Development Report 2020 – UPSC Notes:-Download PDF Here. The ‘Human Life Indicator’ [HLI] has been proposed as a ‘simple effective means’ of measuring development and, more specifically, as a viable alternative to … India’s position: India’s rank- 129. Despite lifting 271 million people out of poverty between 2005-15, India still remains home to 28% (364 million) of the world’s poor. The 15th edition of the World Economic Forum’s Global Risks Report is published as critical risks are manifesting. A 1% increase in GVC participation is estimated to boost per capita income levels by more than 1% - about twice as much as conventional trade. Recently, the United Nations Conference on Trade and Development (UNCTAD) released the World Investment Report 2020. The United Nations predicted the effect of climate change on water availability and food production in the World Water Development Report 2020. Public policies and economic conditions in one country strongly affect trade partners through production linkages. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Main messages English (pdf) 5. Your email address will not be published. An IEEE Spectrum report, the Beijing-based company is set to send the world’s first mining robot named ‘asteroid mining robot’ into space by November 2020 to identify and extract resources. (Indian and Western). The World Development Report (WDR) 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. The latest world bank report is the World Development Report 2020 that focuses on the trading for development in the age of global value chains (GVCs.) Small domestic markets can benefit from trade liberalization at home and negotiations in trade liberalization abroad. Aspirants can read similar important international reports from the links given below: The World Development Report mentions the rise of Global Value Chains (GVC) and its role in boosting growth, creating better jobs and reducing poverty. GVCs can continue to be a force for sustainable and inclusive development if: Developing countries speed up trade and investment reforms, and improve connectivity. World Development Report, 2020 by World Bank. The World Bank. Highlights of the 2020 report Finland has been declared the world’s happiest nation for the third year running. The mining robot will be launched into space by a Chinese Long March series rocket. 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