Sustainable Development 4. Overall average annual GDP growth in the least developed countries followed a similar trend, decelerating from 7.1 per cent in 2005 -2009 to 4.9 per cent in 2010-2015, below the Sustainable Development Goals target of 7 per cent. Source: Report of the Secretary-General, "Progress towards the Sustainable Development Goals", E/2017/66, Source: Report of the Secretary-General, "Progress towards the Sustainable Development Goals", E/2016/75, Department of Economic and Social Affairs, Employment, decent work for all and social protection, High-level Political Forum on Sustainable Development, UN Conferences and High-Level Events related to sustainable development, Multi-stakeholder Forum on Science, Technology and Innovation for the SDGs, Second Committee of the UN General Assembly ⭧, Goal 8 infographic, source: https://unstats.un.org/sdgs/report/2020/, Special edition: progress towards the Sustainable Development Goals, The Sustainable Development Goals Report 2018. employees. The median gender pay gap exceeded 20 per cent in managerial and 2018, Special edition: progress towards the Sustainable Our research shows (PDF download, 0.8 MB) that this improves academic skills, helps learners’ mental and moral development and motivates them. It also helps students find jobs (PDF download – 0.2 MB) when they leave school. More progress is needed to increase employment opportunities, particularly for young people, reduce informal employment and the gender pay gap and promote safe and secure working environments to create decent work for all. Growth in labour productivity in developing regions far outpaced that of developed regions, especially in Asia. Students learn how sustainable development affects economic, social and environmental issues in both a positive and a negative way. 2000. Sustainability can never be absolute. In 2018, one fifth of the world’s youth were not in education, employment or regions, women lag behind men in this regard. Development Goals, Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. sector ($1.7 billion), the industry sector ($1.0 billion) and in banking and Despite rapid growth in some developing regions, labour productivity remains far higher in the developed regions. Developing regions grew far faster than developed regions, with average annual growth rates in 2014 of 3.1 per cent and 1.4 per cent, respectively. In 2016, real gross domestic product (GDP) per capita grew at 1.3 per cent globally, less Sustainable finance generally refers to the process of taking due account of environmental, social and governance (ESG) considerations when making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects. By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products Across all It also helps students find jobs (PDF download – 0.2 MB) when they leave school. The incidence of child labour was highest in sub-Saharan Africa, where 21 per cent of children were employed as child labourers. In 2019, the global unemployment rate stood at 5 per cent, with the highest rate, 11 per cent, in Northern Africa and Western Asia. For LDCs, the rate fell sharply from 5.7 per cent in 2005–2009 to 2.3 per cent in 2010–2016. In a global study conducted by the International Labour Organization, a factor-weighted gender pay gap of 19 per cent in 2017 was revealed. Developing regions grew far faster than developed regions, with average annual growth rates in 2014 of 3.1 per cent and 1.4 per cent, respectively. <br> Aid for Trade commitments and disbursements, By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization, Total government spending in social protection and employment programmes as a proportion of the national budgets and GDP. Inclusive and sustainable economic growth can drive progress and generate the means to implement the Sustainable Development Goals. Source: Report of the Secretary-General, Special edition: progress towards the Sustainable While the number of children from 5 to 17 years of age who are working has declined from 246 million in 2000 to 168 million in 2012, child labour remains a serious concern. Sections 3 and 4 are concerned with measurements. It means doing development without damaging or affecting the environment. In this post, I will discuss what the sustainable development agenda covers and why it matters. Source: Report of the Secretary-General, The Sustainable Development Goals Report Development Goals. Key policy goals and dimensions of Sustainable Development. More than these pious definitions, it is important to understand the political content of sustainable development. After a brief interruption during the global economic downturn of 2008–2009, labour productivity has continued to grow; in 2019, it increased by 1.4 per cent from the previous year. Youth are three times more likely to be unemployed than adults, with the global youth unemployment rate at 13 per cent in 2017. Introduction ... attention in the empirical literature, and yet is important for the assessment of sustainable growth. The slowdown represents a negative development for the global economy, with adverse effects on living standards and real wages. According to data for 2019 from 102 countries, 98 per cent had a youth employment strategy or a plan to develop one in the near future. Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries The SDGs were set in 2015 by the United Nations General Assembly and are intended to be achieved by the year 2030. than twice as likely as young men to be unemployed or outside the labour force Commercial bank branches grew by 5 per cent during the same period, with the lower growth explained by increased digital access to financial services. Of all child labourers worldwide, 59 per cent were engaged in agricultural activities in 2012. Data on average hourly earnings cast light on income inequality. They pair with other students to research an environmental issue and solution that has the least impact on the environment. One of the frequent questions about the SDGs – why we need one more framework when there are international conventions, national level policies and strategies that address issues targeted in the 2030 Agenda. The term used by the Brundtland Commission defined it as development with sustainability that "meets the needs of the present and also compromising the ability of future generations to meet their own needs." Labour productivity (measured by GDP per worker) spurs economic growth. Labour productivity (annual growth rate of real GDP per worker) globally has slowed from an average annual rate of 2.9 per cent from 2000 to 2008 to 1.9 per cent from 2009 to 2016. In 2017, aid-for-trade commitments increased to $58 billion and more than A total of 146 developing countries received aid for trade assistance in 2014, with lower-middle-income countries receiving 39.4 per cent of the total, the least developed countries receiving 26.3 per cent and upper-middle-income countries receiving 19 per cent. However, financial institutions have an … The only thing I remember from that class, was when our teacher told us, 8 year olds, that in the state of Haryana in India - where I grew up - the water table was falling by almost 2 feet every year. More than half of child labourers (85 million children) participate in hazardous work and 59 per cent of them work in the agricultural sector. Financial exclusion disproportionately affected women and the poor. In 2018, the world’s labour In 2017, the global growth rate of real GDP per capita was 1.9 per cent and is expected to remain at about 2 per cent from 2018 to 2020. Even before the current crisis, the global economy was growing at a slower rate than in previous years notwithstanding improvements in labour productivity and unemployment. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. Girls have made greater progress than boys, with the number of girls engaged in child labour declining by 40 per cent during the period 2000-2012, compared to a decline of 25 per cent for boys. However, the global economy is growing at a slower rate. In 2016, real gross domestic product (GDP) per capita grew at 1.3 per cent globally, less than the 1.7 per cent average growth rate recorded in 2010–2016. Human-kind faces many challenges to ensure that all people have the same development and well-being opportunities.In the year 2000, the United Nations adopted eight objectives to meet the main needs of … Globally, 61 per cent of workers were in informal employment in 2016. The average annual growth rate of real GDP per capita worldwide was 1.6 per cent from 2010 to 2015, compared to 0.9 per cent in 2005-2009. The report of the Commission, which included the global indicator framework, was then taken note of by ECOSOC at its 70th session in June 2016. less than the 3 per cent rate attained in 2010 and slightly higher than the 2015 Source: Report of the Secretary-General, The Sustainable Development Goals Report 2018. category. cent from 45 to 66 globally, and from 2.3 to 5.8 in the least developed countries. The slowdown represents a negative development for the global economy, with adverse effects on living standards and real wages. occupational safety and health and working conditions, remains pervasive: in (iv) What is sustainable development? The rate was considerably higher among young workers than for adults in all regions in 2019, with the difference reaching 18 percentage points in Northern Africa and Western Asia, 15 percentage points in Central and Southern Asia and 12 percentage points in Latin America and the Caribbean. person in constant 2005 US dollars, grew by 2.1 per cent in 2017. 2. pre-crisis levels. The global unemployment rate has finally recovered from the global economic crisis. The 17 Sustainable Development Goals (SDGs), with their 169 targets, form the core of the 2030 Agenda. Lower-middle-income countries received 37.5 per cent of aid for trade, followed by least developed countries (36.8 per cent). Source: Progress towards the Sustainable Development Goals, Report of the Secretary-General, https://undocs.org/en/E/2020/57. Sector, 51 per cent of children were employed as child labourers to in. 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