The year 2016 represents a historic milestone in global development policy making as it marks the beginning of the 2030 Agenda for Sustainable Development which, with its 17 Sustainable Development Goals and many targets, provides a comprehensive and universal framework for development policy over the coming 15 years. This is also an opportune time to rethink the region’s development strategy, its over reliance on exports destined for developed economies and more recently the extent of the sharp increase in private sector debt leverage. With the centre of economic gravity continuing to move eastwards, it is time for the Asia-Pacific region to adopt a development model that relies more on domestic and regional demand that, among other things, nurtures inclusiveness, equality and social stability. Eight years after the global financial and economic crisis that started in 2008, the impact of low economic growth in developed economies continues to linger in the Asia-Pacific region. Despite the extraordinary monetary and fiscal measures that have been taken to overcome the effects of those crises, global aggregate demand remains weak and the outlook uncertain. The region’s continued exclusive reliance on export-led development is thus futile. At the same time, economic expansion in China, the engine of regional as well as global economic growth, is moderating; progress in reducing poverty is slowing and inequalities are rising, while demographic pressures, an expanding middle class and rapid urbanization are posing complex economic, social, environmental and governance challenges.
#SDGs2016 #UNSDGs #SustainableDevelopment #2030AGENDA
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Publisher:
UNESCAP
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(2016
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Type / Script:
Progress Report
in English
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Keywords:
SUSTAINABLE DEVELOPMENT, EQUALITY, ECONOMIC GROWTH, POVERTY MITIGATION, PRODUCTIVITY, INCLUSIVE GROWTH, EMPLOYMENT, ECONOMIC COOPERATION, ECONOMIC INTEGRATION, ECONOMIC DEVELOPMENT, SOCIAL DEVELOPMENT, LABOUR PRODUCTIVITY, SUSTAINABLE AGRICULTURE, EMPLOYMENT, CLIMATE CHANGE, EDUCATIONAL QUALITY, SOCIAL PROTECTION, FINANCE, PHYSICAL INFRASTRUCTURE, INDUSTRIALIZATION, POLICY MAKING, INDUSTRIES, GROSS DOMESTIC PRODUCT, LABOUR, EDUCATION, URBANIZATION, EXPORTS, FOOD SECURITY, INFLATION
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Thematic Group:
UN
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International Peace and Security
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Thesaurus:
14.05.03
- Social Development
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Reference Link:
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