Second Committee

Middle-income countries were vulnerable to being caught in a “middle-income trap”, whereby they risked losing their competitiveness to low-income countries while still lacking the technological edge to catch up to high-income ones, the representative of the Bahamas said as the Second Committee (Economic and Financial) took up globalization and interdependence.

Unless concerted efforts were taken to close the digital divide, many developing countries could miss economic opportunities, the representative of Nigeria said today as the Second Committee (Economic and Financial) took up information and communications technology.

A lack of access to the sea, as well as remoteness, made doing business with major markets expensive for landlocked developing countries, said the representative of Botswana today as the Second Committee (Economic and Financial) discussed countries in special situations.

It was time to place a value on unpaid work carried out by women, the head of UN-Women stressed today as the Second Committee (Economic and Financial) considered poverty eradication.

Free trade, increased investment, debt relief and efficient governance should lead the global response to development challenges, the representative of Saint Lucia said today as the Second Committee (Economic and Financial) took up macroeconomic policy.

Desertification and drought continued to aggravate crop failure, water shortages and livestock loss, several African countries told the Second Committee today as it concluded its general debate.

The gap between emerging and least developed countries was widening as the latter continued to lag behind in their pursuit of the Millennium Development Goals, Haiti’s representative stressedtoday, as the Second Committee (Economic and Financial) continued its general debate.

Quality teachers did not just improve test scores, they had long-term positive effects on the socioeconomic status of children 20 and 30 years down the line, delegates in the Second Committee (Economic and Financial) heard today as they opened their first general debate of the sixty-eighth session.

Concluding its session today, the Second Committee (Economic and Financial) approved four draft resolutions, including one by which the General Assembly would stress the primary responsibility of Governments for their countries’ development and for coordinating all external assistance, including that provided by multilateral organizations, on the basis of national strategies and priorities.