Webinar #4: Globalization, National accounts in a globalizing world

  • When
    16 March 2023
  • Where
  • Link
Add to Calendar2023-03-16 12:00:002023-03-16 14:00:00Webinar #4: Globalization, National accounts in a globalizing world<p>Over the last several decades, the global economy has experienced tremendous globalization.</p> TunisPan-African Parliamentyab.kami@gmail.comAfrica/Nairobipublic

Over the last several decades, the global economy has experienced tremendous globalization. Production and international trade of goods and services have been increasingly linked to global value chains (GVCs), which has significantly changed the nature and structure of international trade, especially with growing intermediate goods trade. Economic globalization has also created new opportunities for businesses to organize their production chains more efficiently. This has increased the complexity of compiling economic statistics as it is more difficult to break down production activities on country-by-country basis. Globalization has led to increasingly complicated supply chains as raw materials and other intermediate goods move strategically throughout the world as they are transformed step by step into final goods sold to final users. Obviously, existing data on gross trade flows continue to answer many important questions about the global economy; however, the growth of GVCs means that additional data are necessary for a more complete and more nuanced understanding of global trade.

Emerging global production arrangements pose challenges to business and macroeconomic statistics, business registers and economic classifications. These challenges include implementation of the principle of economic ownership, especially in relation to intellectual property products, and the recording of cross-border transactions in goods and services in compiling national accounts and balance of payments statistics.




Session 1 Opening

12:00 - 12:10  Welcome remarks

12:10 - 12:20  Take a way summary of the third webinar (Informal Economy) by STATAFRIC

Session 2 Globalization: Challenges for macroeconomic statistics

12:20 - 12:45 Evidence of increasing globalization

Introduction to trade in value-added (TiVA) indicators and global value chains


12:45 - 13:00 Round table on country practices, in particular challenging issues in compiling ROW accounts and consistency with BOP statistics (moderated by Statafric)

Session 3 Compiling national accounts in a globalizing world

13:00 - 13:20 Joint GZTT: Issues and recommendations (UNSD)

13:20 - 13:45 Q & A

13:45 - 14:00 General discussion & concluding remarks.


Please register by following this link: https://zoom.us/webinar/register/9016787216950/WN_hTr-4Fn5RLyvUB_tnMmyRg

Registration is required, and the webinar will be recorded.