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Social stratification --- Economic growth --- Income

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According to the United Nations Development Program (UNDP) and the United Nations Conference on Trade and Development (UNCTAD), the private sector plays a key role in achieving the UN Sustainable Development Goals (SDGs). After all, sustainable and inclusive economic growth is essential to enable more people to participate in global prosperity. Encouraging entrepreneurship and job creation are key to SDG 8, as are effective measures to eradicate forced labor, slavery, and human trafficking. Since more than 90 percent of jobs are created by the private sector, more attention must be paid to entrepreneurs that help create dynamic and responsible enterprises that often generate positive externalities for society and the environment through investments in scalable innovations and a commitment to local embeddedness. As such, they help lift people out of poverty through new and relatively well-paid jobs and enable local economies to become more sustainable through global value chain integration. Transitioning to Decent Work and Economic Growth explores the prospects for SDG 8 in the Global South as well as the Global North. It especially considers the positive role the private sector may play as an enabler of human rights, creator of decent work and engine for inclusive development in different contexts. Further, it examines how the institutional environment can facilitate economic change, which may lead to social empowerment and enhanced economic opportunities. A key question the volume explores, is how—in an entrepreneurial context—innovation and scientific knowledge contribute to the creation of scalable innovation that help to de-couple economic growth from the use of natural resources. Transitioning to Decent Work and Economic Growth is part of MDPI's new Open Access book series Transitioning to Sustainability. With this series, MDPI pursues environmentally and socially relevant research which contributes to efforts toward a sustainable world. Transitioning to Sustainability aims to add to the conversation about regional and global sustainable development according to the 17 SDGs. Set to be published in 2020/2021, the book series is intended to reach beyond disciplinary, even academic boundaries. For use of the SDG logos and design, please see the according Guidelines for the use of the SDG logo, color wheel, and 17 icons.

sustainable economy --- economic growth --- work --- decent work

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This background note analyzes the economic geography of the Horn of Africa using the framework of the 2009 Word Development Report. For the purpose of this report, the Horn of Africa (henceforth HoA) comprises of five countries: Djibouti, Eritrea, Ethiopia, Kenya and Somalia. This note first seeks to provide a descriptive snapshot of recent socio-economic trends in the HoA countries vis-a-vis the regional trends in sub-Sahara Africa (SSA) as a whole. Second, it sheds light on the economic geography of the HoA region with a particular focus on 3D (density, distance, and division). Inparticular, this note highlights that borderlands of the HoA countries suffer from a combination of low density and high distance that hinders theborderlands from tapping their full economic potential. It finally concludes with a set of policy recommendations for removing barriers to sustainable growth in the region.

Economic Geography --- Living Standards --- Macroeconomics and Economic Growth

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In the years leading to the Coronavirus (COVID-19) outbreak, Liberia's economic performance was already weak. Since 2014 a series of severe shocks stopped in its track the growth momentum that had been spurred by the Accra Comprehensive Peace Agreement of 2003. The economy was buffeted by the devastating Ebola outbreak, a collapse in iron ore and rubber prices, and the drawdown of United Nations peacekeeping forces. Monetary and exchange rate policy remained tight in 2020, with the Central Bank of Liberia (CBL) exercising caution in view of uncertainties about the economic impact from Coronavirus (COVID-19). The cash shortages have made headlines and prompted the CBL to provide explanations. Fiscal space can be increased by improving the efficiency of current expenditure. The government needs first and foremost to reduce the very high level of current spending and strengthen domestic revenue mobilization to generate savings for public investments financing. Liberia should remain prudent on external borrowing in its quest to meet the large investment required by the Pro-poor Agenda for Prosperity and Development (PAPD). Finally, Liberia should improve the efficiency of its public investment through better planning, project preparation and management, and better alignment with PAPD priorities.

Business Cycles and Stabilization Policies --- Economic Growth --- Fiscal and Monetary Policy --- Macroeconomic Management --- Macroeconomics and Economic Growth

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Since 2014, the armed conflict in Ukraine's eastern provinces (oblasts) of Donetsk and Luhansk has dealt a heavy blow to people's lives. The conflict has magnified the long-standing problems and created new ones. This study shows that scaling up efforts in the government-controlled areas (GCAs) of Donbas is desirable despite the subdued productivity in the region. This study recommends a decision tree approach to programming recovery in Donbas. Given the looming uncertainties and scenario-sensitivity of optimal policies, the recovery strategy should distinguish contingent policies from no-regret policies. Contingent policies change between the status quo and the reintegration scenarios, and they include interventions to mitigate conflict-related risks, risk-related transfers to address skill-shortages in GCAs, and investments for a contingent infrastructure strategy. By comparison, no-regret policies are desirable regardless of the conflict dynamics. They include the reforms to eliminate regulatory burdens and corruption; policies to open up the housing market; investments to modernize education for jobs and target low-hanging fruits in infrastructure; and efforts to produce better data to address knowledge gaps.

Conflict and Development --- Economic Growth --- Export Competitiveness --- Labor Market --- Macroeconomics and Economic Growth --- Post Conflict Reconstruction --- Social Protections and Labor