Return to Global productivity

Global goals

  • Years ago, the UN announced its ‘Millennium Development Goals’ (MDGs) to be achieved by 2015
  • Overall, there was, and has been since, considerable if not total success in meeting them

                          MDGs – by 2015

1. Eradicate extreme poverty and hunger

2. Achieve universal primary education

3. Promote gender equality and empower women

4. Reduce child mortality

5. Improve maternal health

6. Combat HIV/ AIDS, malaria and other diseases

7. Ensure environmental sustainability

8. Develop a global partnership for development

 Global goals now needed are:

  • The G20 should focus on growing the world GDP pie so that all populations can not only survive but enjoy life – GDP growth is not a zero sum activity – if one nation betters itself, it is not at the expense of another
  • G20 economic aims should thus be:
    • To seek to grow their own GDPs by an average of say 2% per annum over the next 10 to 15 years
    • To greatly increase the GDP of each poorer GRoW nation – say by at least 5%, if not more, per annum over the same period

 

  • In other words, to increase global GDP from some $85 trn in 2020 to over $200 trn by 2050

 

  • That way the GDP and prosperity of the GRoW nations would steadily close on the G20, but the G20 would not have to stand still waiting for them to catch up

 

  • To achieve such goals, the G20 should focus on helping the GRoW nations to help themselves and increasing trade with them all
  • In short, there has to be a collective focus on global productivity improvement – more output and better outcomes for everyone from limited global resources
  • Clearly, such goals are most laudable
  • But the UN can’t meet such goals on its own – it has to rely on the richer G20 nations for funds and resources
  • And asking G20 nations, individually and collectively, to provide substantial funds for poorer nations is difficult in practice, especially nowadays post 2008

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