Return to Global productivity

Global goals

  • Years ago, the UN announced its MDGs – Millennium Development Goals

  • They were  to be achieved by 2015

  • There has been considerable, but not total, success in meeting them ever since


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:

  • G20 nations should focus on growing the world GDP pie so that all populations can not only survive but enjoy life

  • Overall GDP growth is not necessarily a zero-sum activity – if one nation betters itself, it need not be at the expense of another

  • G20 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 – noting that currently it’s less

    • To greatly increase the GDP of each poorer GRoW nation – say by 5% if not more per annum over the same period

  • Overall, this would increase global GDP from around $100 trn now 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 – and do this via education and investment, not cash hand-outs

  • In short, there has to be a collective focus on global productivity improvement – more output and better outcomes for everyone from limited global resources

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