Sustainable development: a new kind of globalization

Author:
Jeffrey D. Sachs

AROUND THE WORLD, people are calling for a new kind of globalization. The current version, once called the Washington Consensus, has delivered economic growth but at enormous cost: rising inequalities of income, massive environmental destruction, and growing lawlessness. The search is on for a new approach, sometimes called sustainable development, to ensure that economic growth is also socially just and environmentally sustainable.

Nine months ago, Pope Francis spoke to world leaders at the United Nations calling for such a holistic and moral vision, and the world leaders responded by adopting a new framework of cooperation for the years 2016-2030, called Sustainable Development Goals, or SDGs. The SDGs were negotiated over several years based on a simple yet powerful idea: Every one of the 193 UN member countries can benefit by a globalization that combines economic, social, and environmental objectives.

The aim is not global governance but global decency. The responsibility for change still rests with national governments and local communities. Economic development still counts, but alongside social fairness and environmental sustainability. Yet all nations can benefit from a common global framework and the efforts of every other country to achieve it.

The article's full-text is available here.

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