Professional Documents
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Quality Education is such an important goal, and I believe the media and world often
forget it. Education is the foundation of societies, and without educating our citizens,
we cannot make progress or change - here are some reasons why I think this.
Globally, annual GDP growth declined from 4.4% in 2000 to 3.2% in 2017. One in
ten people in the world lived on less than USD 1.90 in 2015, and in too many
places, having a job does not guarantee the ability to escape from poverty. This
slow and uneven progress requires us to rethink and retool our economic and
social policies aimed at eradicating poverty. According to the ILO estimates, the
global unemployment rate is expected to be 5.5% in 2018, marking a turnaround
after three years of rising unemployment rates. However, with a growing number
of people entering the labour market to seek employment, the total number of
unemployed is expected to remain stable in 2018, at above 192 million. In 2017,
around 42 per cent of workers (or 1.4 billion) worldwide are estimated to be in
vulnerable forms of employment, while this share is expected to remain
particularly high in developing and emerging countries, at above 76% and 46%,
respectively.In 2017, extreme working poverty remained widespread, with more
than 300 million workers in emerging and developing countries having a per
capita household income or consumption of less than US$1.90 (PPP) per day. A
continued lack of decent work opportunities, insufficient investments and under-
consumption has led to an erosion of the basic social contract underlying
democratic societies: that all must share in progress. The creation of quality jobs
will remain a major challenge for almost all economies. However, inclusive
growth must also be cognisant of the needs of the most vulnerable – children,
youth, and women.
‘No one left behind’ is at the core of the sustainable development agenda for
2030 and if economic growth is to build a fairer world, it must be inclusive. This is
the idea behind Goal 8, which aims to sustain an economic growth rate of 7% for
the least developed countries by 2030, and achieve full and productive
employment for all men and women everywhere in the next 15 years. In 2015,
nearly 736 million people live below the USD 1.90 poverty line and that poverty
eradication is only possible through stable and well-paid jobs.
India
India can forge its own growth path, which can rely on both manufacturing and
services as a growth escalator and employment generator. The challenge will be
to create well-paying and productive jobs in non-farm sectors that can absorb
more unskilled workers, including women and those in rural areas. As of today,
labour-intensive manufacturing has not driven productivity growth and job
creation. The sectors that have made productivity gains have been skill-intensive.
Almost half the labour force in India still works in the agricultural sector. With low
productivity, it is difficult to promote gainful employment in agriculture. Enhancing
agricultural productivity through public investment and new technologies should
be a priority focus area. Moreover, upgrading to high-value commodities,
reforming agricultural marketing policies and market interventions, and
strengthening linkages to agri-businesses are critical areas ripe for government
intervention. Increasing the labour force participation of women is a powerful tool
not only to empower women, but also to steer economic growth itself. As reported
by the McKinsey Global Institute (2015), if India increases its female labour force
participation rate by 10 percentage points by 2025, its GDP could rise by as
much as 16 percent as compared to the business-as-usual scenario. India’s
desired transition to a green economy will have a significant impact on job skill
requirements within sectors, occupational profiles and business operations.
Labour market and skill policies can play an important role in maximizing the
benefits of economic greening for workers. Furthermore, The circular economy is
gaining increasing attention as a strategy for long-term prosperity and
sustainability. India is engineering workforce, its rapidly developing engineering
services, R&D expertise and its geo-position in South Asia, position it as a
potential global hub for both frugal manufacturing and services. Additionally, the
fourth industrial revolution is both an opportunity and a challenge for India.
Targets
Sustain per capita economic growth in accordance with national circumstances and, in
particular, at least 7% gross domestic product growth per annum in the least developed
countries.
Achieve higher levels of economic productivity through diversification, technological
upgrading and innovation, including through a focus on high-value added and labour-
intensive sectors.
Promote development-oriented policies that support productive activities, decent job
creation, entrepreneurship, creativity and innovation, and encourage the formalization
and growth of micro-, small- and medium-sized enterprises, including through access to
financial services.
Improve progressively, through 2030, global resource efficiency in consumption and
production and endeavour to decouple economic growth from environmental
degradation, in accordance with the 10-year framework of programmes on sustainable
consumption and production, with developed countries taking the lead.
By 2030, achieve full and productive employment and decent work for all women and
men, including for young people and persons with disabilities, and equal pay for work of
equal value.
By 2020, substantially reduce the proportion of youth not in employment, education or
training.
Take immediate and effective measures to eradicate forced labour, end modern slavery
and human trafficking and secure the prohibition and elimination of the worst forms of
child labour, including recruitment and use of child soldiers, and by 2025 end child
labour in all its forms.
Protect labour rights and promote safe and secure working environments for all workers,
including migrant workers, in particular women migrants, and those in precarious
employment.
By 2030, devise and implement policies to promote sustainable tourism that creates jobs
and promotes local culture and products.
Strengthen the capacity of domestic financial institutions to encourage and expand
access to banking, insurance and financial services for all.
Increase aid for trade support for developing countries, in particular least developed
countries, including through the Enhanced Integrated Framework for Trade-Related Technical
Assistance to Least Developed Countries.
By 2020, develop and operationalise a global strategy for youth employment and
implement the Global Jobs Pact of the International Labour Organization.
A considerable reduction in extreme poverty over the last 25 years. In 1990, nearly
50 percent of the population in developing nations lived on less than $1.25 a day. As
of 2015, that proportion has dropped to 14 percent.
The number of people living in extreme poverty worldwide has reduced by more than
50 percent. In 1990, 1.9 billion people were said to be living in extreme poverty,
compared to 836 million in 2015. Most progress was seen in the new millennium.
The number of living on more than $4 a day – those in the working middle class –
has nearly tripled between 1991 and 2015. In 1991, this group made only 18 percent
of the population, and rose to 50 percent in 2015.
The proportion of undernourished people in the developing world has dropped by
almost 50 percent since 1990; from 23.3 percent in 1990 – ’92 to 12.9 percent in
2014 – ’16.
1. To halve the proportion of people whose daily income is less than $1.25
2. To achieve full and productive employment, as well as decent work for all, including
young people and women
3. To halve the proportion of individuals suffering from hunger in the period between
1990 and 2015.
The poverty rate in the developing world has plummeted from 47 percent to
14 percent in the period between 1990 and 2015 – a 70 percent drop!
The MDG target of reducing by half extreme global poverty was achieved by
2010 – 5 years before the 2015 deadline. Recent estimates show that the
number of people surviving on less than $1.25 a day worldwide reduced from
36 percent to 15 percent between 1990 and 2011. As of 2015, the proportion
has dropped further to 12 percent.
Source: un.org
In contrast, the rate of poverty in sub-Saharan Africa did not change between
1990 and 2002. The rate of poverty decline has accelerated since, though
more than 40 percent of sub-Saharan population continues to live extreme
poverty in 2015. Worse still, extreme poverty in Western Asia was expected
to increase between 2011 and 2015.
Target #2: Achieving full and productive employment-
There has been mixed changes with regard to these changes as follows:
Current estimates suggest that nearly 780 million people living in the developing
regions are undernourished, which means that one in nine people do not have
enough to eat. However, this translated to a 50 percent drop in the proportion of
undernourished people in developing countries – from 23.3 to 12.9 percent between
1990-92 and 2014-16.
Final note
Progress in hunger reduction has been significant despite the challenging global
environment over the last decade. Major challenges have included rising
unemployment, higher food and energy prices, volatile commodity prices, economic
recessions, frequent extreme weather events and natural disasters, and political
instability and civil strife. These obstacles have slowed down progress in reducing
extreme poverty and hunger in some of the most vulnerable nations of the world.
Even though the MDG targets have been met, it will be extremely difficult to
eliminate the remaining extreme poverty and hunger.