Open Access
Journal Article
Sustainable Development Goals and Economic Policy
by
Michael White
Abstract
The paper explores the intersection of Sustainable Development Goals (SDGs) and economic policy, examining the challenges and opportunities that arise from integrating environmental, social, and economic considerations into governmental decision-making processes. The analysis begins by providing an overview of the SDGs and their origins, highlighting the United Nations' commitm
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The paper explores the intersection of Sustainable Development Goals (SDGs) and economic policy, examining the challenges and opportunities that arise from integrating environmental, social, and economic considerations into governmental decision-making processes. The analysis begins by providing an overview of the SDGs and their origins, highlighting the United Nations' commitment to eradicating poverty, protecting the planet, and ensuring prosperity for all. Subsequently, the paper delves into the various economic policies that have been implemented to align with these goals, such as green finance, carbon pricing, and investment in renewable energy. It discusses the potential benefits of these policies, such as job creation, reduced inequality, and improved resource efficiency. However, the paper also acknowledges the challenges faced in achieving these goals, including political and institutional barriers, market failures, and the need for international cooperation. The paper concludes with a call for policymakers to adopt a holistic approach to economic development, emphasizing the importance of long-term sustainability and the need for innovative solutions to address the complex interdependencies between economic growth, social equity, and ecological balance.