8. Economic Growth and Resilience
No proposals in the e-Inventory call for a goal on economic growth on its own, rather advocating instead for ‘sustainable’ and ‘green’ economic growth, as well as the need to build the resilience of economies.
Focus area 8. Economic growth The emphasis on a particular kind of growth rather than just economic growth being an end in itself is also reflected in the targets included under goals on this issue. This suggests that stakeholders share the views of the OWG that growth is essential for poverty eradication, however only if it is inclusive and environmentally sound – something which should be taken into consideration when choosing the precise language used should this focus area be translated into a goal in the final framework.
Green and Inclusive Growth
Goal | Promote green growth and creation of decent jobs [31] | Interlinkages | Inclusive economic development [32] | Interlinkages |
Targets | Multiply the 2008-2012 private investment growth rates from 2015 to 2035 by two or more. | | Job opportunities are created and reduce incentives to engage in violence and conflict, and the barriers to women’s access to formal employment are actively addressed. | |
Increase percentage of decent jobs from 2015 to 2040. | |
Provide more green jobs to diversify jobs available by 2040. | | Funding is allocated to income-generating projects including some quick wins, particularly for youth and marginalized groups. | |
By 2035, reduce by at least one half, the unemployment and underemployment rate of young university graduates. | |
Strengthen social security civil protection systems. | | Women are prioritized and targeted for involvement in labour intensive public and community works. | |
Increased agricultural productivity and domestic private sector development benefit women farmers and entrepreneurs. | |
Economic Resilience
Goal | Foster the resilience of economies [33] | Interlinkages |
Targets | Improvement of international cooperation. | |
Enhancement of the resilience of economic systems through development of incentives favouring small and medium size enterprises (SMEs). | |
Enhancement of the resilience of farming and food supply systems through support of production and distribution schemes serving consumers and preserving local land ownership. | |
Development and implementation of technologies for water conservation, pollution reduction, and recycling that will meet the increasing demand for water for human use and maintenance of aquatic ecosystems. | |
Pursuit of a new economic paradigm that favours qualitative growth over maximum production and revenue. | |
Development of innovative technologies serving local demands and their application in rural areas. | |
Improvement of general public understanding of the contribution of individuals to environmental degradation and ecosystem shifts and the obligation of each person to cooperate in the efforts to reverse detrimental developments. | |
Improvement of risk dynamic modelling of economic and financial systems for the purpose of managing unforeseen developments. | |