In order to assist the United Nations Department of Economic and Social Affairs (UN DESA) in the context of the United Nations development system reform and as a key component of efforts to enhance the United Nations’ support for Member States in implementing the 2030 Agenda for Sustainable Development, the United Nations High-level Advisory Board (HLAB) on Economic and Social Affairs was established in June 2018.Through its twice-yearly meetings, the Board also advised the United Nations on a wide range of economic and social issues, such as the near-term prospects and risks of the global economy, frontier technologies, inequality, migration, and issues associated with countries in special situations, as well as the effects of these issues on multilateralism and the implementation of the 2030 Agenda for Sustainable Development.
Transportation is an important part of the production and social infrastructure of the economy. Transport correspondences structure the material premise of the state ‘s incorporation into the worldwide financial framework. The best way to respond to the priorities of social and economic development is to provide countries, regions, and industries with economic links through transportation infrastructure and services. Economy-wide, economies are in recession, which means that public services will likely be worse off as a result of shrinking fiscal space and falling public revenues. Economy-dependent on tourism or commodity exports, as well as food supply chain disruptions, create additional strains. At the same time, price drops in fossil fuels and temporary drops in emissions of greenhouse gases could help speed up the just transition to a low-carbon world.
For the foreseeable future, there will be uncertainty regarding the course of the pandemic and its socioeconomic repercussions, which will have an impact on consumer and investor behaviour. Distancing oneself from society and restricting one’s mobility might make some kinds of businesses unprofitable while encouraging others to expand. Policymakers may need to respond quickly to new regulatory challenges brought about by these, in turn.
The St. Xavier’s Bangalore refers to “out investments” as open-ended investments with uncertain returns that are important for allowing a nation to continue structural transformation even when at a standstill. Governments are crucial in encouraging and making these investments.