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The Sustainable Development Goals (SDGs) are goals created by the United Nations in 2015 in order to provide a detailed framework for public, private, and civil society actors globally to bring about significant and transformative change towards a world that works for 100% of humanity and the planet as a whole.
In this article, we will show you what is the eight of these goals (the SDG sustainable economic growth) and its importance!
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What is Goal 8 of the SDGs?
The eight goal of the SDGs is aimed at promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for everyone.
A sustainable economic growth implies a rate of growth that can be maintained without creating other significant economic problems, especially those that will impose on future generations. There is clearly a trade-off between rapid economic growth today, and growth in the future.
What is the importance of the sustainable economic growth SDG?
Sustainable growth has to prioritize limiting CO2 emissions, prevent global warming, and protecting non-renewable resources. Growth based on the consumption of non-renewable resources means that the growth is not possible to be maintained when the non-renewable resources run out.
Facing the current global situation with regards to growth and climate change, as well as reversing the trend of resource exploitation has, then, become a primary objective at the international level. This is why promoting decent, inclusive and sustainable work became SDG 8 of the 17 UN Sustainable Development Goals, approved in September 2015 as part of 2030 Agenda.
What types of policies are in line with sustainable economic growth Goal?
The types of policies that are in line with the SDG Sustainable Economic Growth are:
- Policies aimed at achieving 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;
- Policies aimed at promoting 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;
- Policies aimed at achieving higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors;
- Policies aimed at supporting productive activities and the creation of decent jobs, entrepreneurship and innovation.
All the SDGs in one glimpse
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