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Economics of the SDGs - Putting the Sustainable Development Goals into Practice (Hardcover, 1st ed. 2021)
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Economics of the SDGs - Putting the Sustainable Development Goals into Practice (Hardcover, 1st ed. 2021)
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This is the first book that employs economics to develop and apply
an analytical framework for assessing progress towards the
Sustainable Development Goals (SDGs). The authors explore the
historical context for the underlying sustainability concept,
develop an economics-based analytical framework for assessing
progress towards the SDGs, and discuss the implications for
sustainability policy and future research. Economics is concerned
with analysing the trade-offs in allocating scarce means to achieve
various ends. Thus, economic methods are ideally suited to
assessing how progress towards one or more SDGs may come at the
expense of achieving other goals. Such interactions are inevitable
in meeting the 2030 Agenda over the next decade, given that the
SDGs include different economic, social, and environmental
elements. Although it may be possible to make progress across all
17 goals by 2030, it is more likely that improvement toward all
goals will be mixed. For example, we may have reduced poverty or
hunger over recent years, but the way in which this progress has
been achieved - e.g. through economic expansion and industrial
growth - may have come at the cost in achieving some environmental
or social goals. On the other hand, progress in reducing poverty is
likely to go hand-in-hand with other important goals, such as
eliminating hunger, improving clean water and sanitation, and
ensuring good health and well-being. Assessing these interactions
is essential for guiding policy, so that countries and the
international community can begin implementing the right set of
environmental, social and economic policies to achieve more
sustainable and inclusive global development.
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