The curriculum council should also select teacher representation for curriculum devel - opment. and to freedom of speech, expression and of the media.” 8. That means that you put your money in the bank, but rather than the bank giving you interest, you pay them every year to hold your money. There is no way that we can solve any of these problems, the refugee crisis, pandemics, famine, all these--we can't solve them with our capital. And truly, it was Asia and the Middle East that were the sources of much innovation before 1800. In Brazil, skills of 15-year-olds have improved but at the current rate, they will not reach average wealthy country scores in math for 75 years, and in reading it would take 263 years, at current rates. Speech. Malaysia Women and Girls Forum. Source: Report of the Secretary-General, "Progress towards the Sustainable Development Goals", E/2017/66. For example, a typical 5-year cycle is illustrated in Exhibit 10.1. But Albert Schweitzer was part of a different tradition. “When I was in third grade, we had a mandatory environmental science class. We came to a conclusion:  We wanted to end extreme poverty, that is, people living under $1.90 a day, by 2030. But Albert Schweitzer also portrayed himself as a great physician who was providing care to the poor. The wards were rude huts, airless and dark, plank beds and wooden pillows, everyone infested with hens and dogs. There's another $10 trillion sitting in very low yielding government bonds. Well, if you look back into the history of how you tackle the problem of inequality, how you tackle the problem of poverty, this man, Andrew Carnegie, is a very important figure. Now, part of the criticism here is that what Schweitzer was up to--and he talked about it with great clarity. And Scaling Solar now has gotten--the latest was 4.7 cents a kilowatt/hour in Senegal. 1. This is a huge victory and we're now going to take that elsewhere. So, all of official development assistance is about $140 billion; you throw impact investing on top, another 200 billion. Cities are engines for sustainable development. However, the cost of sending money across national borders is significant, averaging 7.5 per cent of the amount remitted in 2015, down from 10 per cent in 2008 but still above the 3 per cent called for in target 10.c. The original name was the International Bank for Reconstruction and Development, and the purpose was to rebuild Europe. Because here's what Edward Said said--Edward Said made the argument that when you read accounts of the Orient--and for him, it meant the Middle East, Persia, and--you know, the countries of the Middle East, but it extends all the way out to Japan and East Asia. Let's look at another example, a very famous one of course is Albert Schweitzer. Can we actually create equality of opportunity for everyone? Jack Ma puts it this way: "You know, when my grandfather was alive, he worked 16 hours a day, 6 days a week, and he felt very busy. How do we respond to this phenomenon in which everyone knows how everyone else lives and their aspirations are going up. And this is what Korea looked like in 1963, one of the poorest countries in the world, lower GDP per capita than Ghana, than Somalia, than Kenya. And British Parliament in 1601 passed the Statute of Charitable Uses, the first time when governments were supposed to take care of the poor in any given region. And he goes further and he says that every single knowledge-based job will be eliminated, as well--maybe not as quickly, but it will be eliminated. We thought, "Look, this is not about us. You know, Chinese President Xi Jinping talks about having thousands of years of a great success. Around the same time, Islamic leaders endow property to create major educational centers. And by 2030, 46--nearly half of all the people living in extreme poverty will live in fragile and conflict-affected states. My children will work three hours a day, three days a week, and they will feel very busy.". We learned a lot of lessons from that and the point we are going to make to all our clients is we're not condemning you with this ranking. Let me just tell you what one person says, this person who I got to know quite well, Jack Ma, who founded the great company, Alibaba, right? You had royalty, you had these huge landowners, but they were a tiny, tiny minority and just about everyone lived in poverty. World Bank Group President Jim Yong Kim By fifth grade, half of the students in India still could not. Childhood stunting is very straightforward: If you're two standard deviations below the height for age--and we know now that all children in the world can grow 25 centimeters in the first year, 12 centimeters in the second year. This site uses cookies to optimize functionality and give you the best possible experience. So, can we do this? We're now the largest financers of climate change activities in the world. And what is even worse is that even in countries where children are in school, what we found through a project that we're running--you know, we have some American University grads from the World Bank here. Choose a specific area on the school grounds to work on or take your students to a local park. ", This is a great example of how we can change the way we do business and not only reduce the indebtedness of countries but give them a return. They're getting such little return we think we can help them get a higher return while at the same time providing opportunities for everybody, and especially in the area of infrastructure. Sustainable development is largely about people, their well-being, and equity in their relationships with each other, in a context where nature-society imbalances can threaten economic and social stability. Read more: 10 ways to make our cities liveable by 2030, The fight for sustainable development will be won or lost in our cities. But the other thing that happens is their reference income goes up, and this is something that we actually study at the World Bank Group. So, what do we do? History . It is gaining impetus as people get more informed on the current effects of climate change and the looming devastating effects of the same on future generations increasing the unpredictability of the future. sustainable development, social justice, ecology, community, green energy, sustainable scholarship, food And I don't know why I show you this, but it's just a cool picture, Guinean Stock Exchange. And when that happens, your income also has to go up or you're not very satisfied. Urban spaces offer opportunities for people to prosper economically and socially, but this is only possible in prosperous cities that can accommodate people in decent jobs and where land resources are not overwhelmed by growth. Now, with that $19 billion, we've made close to a trillion--over $900 billion in loans and grants. And all that is true, but what we have also found is that human capital may be the most important investment they can make. Speech by Richard Monks on building trust in sustainable investments. So, high-income countries, middle-income countries, low-income countries--even in low-income countries, human capital is a significant proportion of the overall wealth of a nation. We know that the private sector has to be much more involved in development than before, because there are many, many examples of win-win situations. 100 million people fall into poverty every year from catastrophic health expenses. By 2025, many analysts are saying that the entire world will have access to broadband. But at that time, also was the start of--one of the great economists, Deirdre McCloskey, talked about right around that time, with the advent of the Industrial Revolution and steam, you had the beginning of what she called the great divergence, meaning that certain areas, especially Europe and the United States, grew rich very, very quickly. We have to spend our money on roads and electricity." As a whole class project, have your students take part in cleaning up their community. They want more for themselves while, at the same time, technology potentially could eliminate many, many jobs. And one of the things I recognized is that we had been extremely successful in arguing for more funding for HIV, more funding for TB, more funding for malaria, and even more funding for education. So, we have created, for example, after the horror of Ebola, we were so worried about why did we wait so long to respond to Ebola that we created an insurance instrument. And then, he often says that the 200 years after 1800 were not so great for China, but of course China is growing very rapidly, now. So, this was a wonderful vision and I do not think we've moved too far away from that, even today. It was a book called "Orientalism," by Edward Said. But I said, in--I stopped them, and I said, "In 1963, when then-President of the World Bank, George David Woods, if he had visited Korea"--and it is plausible that he would visited Korea to see if they were eligible for loans, then--"if he had visited Korea and if he'd visited my preschool, I doubt that he would see--I doubt that he would have thought that one of his successors was sitting in that room.". Quentin Wodon earned his Ph.D. in economics here at American University, was the lead economist who brought human capital for the first time into the wealth of nations. And when that happens, his interpretation is that when those things happen there are at least 30 years of tremendous difficulty and upheaval. Now, in the two centuries from 1820 until now, what happened was that the availability of goods, of services just exploded. Now, we feel that that is the kind of money we need to be able to give everyone in the world an opportunity, and why not? But this is the crisis that I am most concerned about, the human capital crisis. And it’s essential that they do. Now, there are a lot of different predictions about how many jobs will be lost. And 250 million children cannot read or right. There are many, many leaders who will be very angry with me, especially the countries that come out ranked below countries to which they've always felt superior. And finally, the third pillar was to invest more and more effectively in people. And so, without taking a single penny of loan, without paying a single penny in terms of interest payments on loans, we were able to get the private sector to finance this completely. Sustainable Development : The Definition Of Sustainable Development 1352 Words | 6 Pages. And we have been able to do that to the tune of $900 billion. ", Now, he also argued that, "...prosperity has no fixed limits. Some will say that just about the jobs will be lost. In other words, what happens to these stunted children is their brains are actually not formed. Education, we also have huge problems. But since that time, the World Bank has shifted and then focused more on poverty. The second, because there are so many crises that are affecting the world every day, pandemics, climate change, refugees, fragility, conflict, violence, we wanted to focus on fostering resilience to those kinds of problems in the world that affect more and more people. And it is the first time we have ever included human capital. And we have now done one of the most important learning outcome studies. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. 1. And we also were committed to boosting shared prosperity, reducing inequality. Markets can bring desperately needed financing to our top development priorities. This is from a study on the wealth of nations, we call it the changing wealth of nations. And this program is called IDA, the International Development Association. The SDGs are not primarily an aid agenda. So, in other words, the money that was going into the developing countries all came from the donor agencies, USAID, those agencies like that, and groups like ours. So, that is human capital. Income inequality is on the rise—the richest 10 percent have up to 40 percent of global income whereas the poorest 10 percent earn only between 2 to 7 percent. When they have Internet access, they can see how the world works. The founding principles--the Secretary of Treasury, Henry Morgenthau, opened the conference and he said that the goal of the World Bank Group, the goal of the meetings, was to create a dynamic world economy--and I quote, "A dynamic world economy in which the people of every nation will be able to realize their potentialities in peace, to raise their own standards of living and enjoy increasingly the fruits of material progress. Well, it gets right to the core of what we are as an institution. Washington, D.C. Before 1800, just about everybody was poor. So, that proportion of the children are likely not going to be able to compete in what will be a surely more digitally demanding economy of the future. And I think about--you know, this is me back in 1963 living in Korea. In the name of economic development, the price of environmental damage is paid in the form of land degradation, soil erosion, air and water pollution, deforestation, etc. But then, something happened right around that time, which was in 1946, which was announced in a commencement speech at Harvard in 1946 by General George Marshall called the Marshall Plan. PDF | On Dec 9, 2016, Shambhu Joshi published Sustainable Development (in Hindi) | Find, read and cite all the research you need on ResearchGate And we had to pay something for it, but a tiny fraction of the overall amount. Now, I--let me suggest to you--I feel like I'm back to being a professor--let me suggest to you that the anthropological mission of doing ethnography, of really trying to understand what the world looks like from the perspective of others, is just as important as all the technical things that I've talked to you about. How do we mobilize those trillions of dollars sitting on the sidelines for the benefit of the poorest people in the world? Now, is it possible to do something? Goal 10: Reduced inequalities. Explore what the U.N. means to your students today by examining the 17 sustainable development goals (SDG) which aim to end extreme poverty, fight inequality and injustice, and fix … There is some variation, but every child in the world, if they're adequately nourished, can grow that much. There were so many people that were so desperate to get 8 percent a year that we were oversubscribed and now we have $450 million that sits in our accounts, ready to be disbursed if there's a pandemic. We are going to come up with a productivity number. Where's Quentin? Two kids raised their hand and said, "I want to be President of the World Bank. He talked about it--he was an inspiration to many. All of Sub-Saharan Africa averages about 30-35 percent; India, 38 percent; Indonesia, 37 percent; Pakistan, 45 percent. So, this is a woman living in a refugee community. The world is so interconnected that you're going to have to think about their prospects, as well as your own. The word "philanthropy" entered the English language around the 17th century, translated from the Greek "philanthropia," which means "love of mankind.". Again, we didn't put any money in; we just helped structure the deal. And there was this sense that it was the responsibility of people like Albert Schweitzer to bring civilization to the uncivilized masses. Furthermore, these definitions are necessary evils for explorations of the intricacies of sustainable development due to the various paradigms used, The concept of sustainable development has been at the centre of many big debates of late including world conferences on development and developmental planners. The only thing I remember from that class, was when our teacher told us, 8 year olds, that in the state of Haryana in India - where I grew up - the water table was falling by almost 2 feet every year. Countries would devalue their currency, would try to do everything they could to gain an advantage, and the status of global currencies was in a mess. PDF | On Dec 9, 2016, Shambhu Joshi published Sustainable Development (in Hindi) | Find, read and cite all the research you need on ResearchGate How can we help the billions and billions of people in the world who are being born today, or who are young, who are going to be looking for jobs, how do we help them achieve their goals? “When I was in third grade, we had a mandatory environmental science class. So, there is this phenomenon that's called "impact investing," very important. Literally, people take "thousand euro" bills and put them in their safes. This right is key to the realization of all targets under the health goal and to sustainable development at large. Where will these people live? And we now know, for any given country, how much learning happened in the years that you were in school. And he predicts that whenever you have these kinds of ruptures--and he thinks that this is a major rupture, the way that artificial intelligence and technology is moving, there is a major rupture. Now, that is what we have done over time. In addition, sustainable development is currently identified as a primary policy goal of many more institutions in development than at any previous time (Elliott, 2006). It is where ideas, commerce, culture, science, and productivity thrives. The representatives should be chosen using one of five methods: voluntary, rota - tion, evolvement, peer selection, or administrative selection. And so, I read a book in graduate school that was one of the most influential for me. And so, there is so much aspiration, there is so much desire to have access to education, to make sure that your children are not underfed. Now, I always get in trouble when I talk about Albert Schweitzer like this because people, for good reasons, admire him very much. You're reading about the authors, because the authors are using their accounts of those countries for other purposes than humble description. The doctor had fenced off all mechanical advance to a degree that seemed both pedantic and appalling. The Jordanian Government, though, still owns 54 percent and therefore receives 54 percent of the profit. It means doing development without damaging or affecting the environment. In the 18th century, for the next hundred years, about 6,000 ships sailed. By the way, the other person that put the conference together in addition to Secretary of Treasury Henry Morgenthau, was the great John Maynard Keynes, probably the second most famous economist of all time behind Adam Smith, but he was a very, very important person. She talks about the founding--the formation of the so-called bourgeoisie. So, Singapore has a great school system. The need to achieve the Sustainable Development Goals, a UN--the UN Sustainable Development Goals, the global goals, as they're called, is about $4 trillion a year. So, inclusive, sustainable economic growth; resilience to the various shocks that are happening in the world today; and investing more and more effectively in people. And so, the cost of moving things really mattered and shaped the way societies were formed. But it is going to be your problem, because the thwarted ambitions of a young person in Africa and the Middle East is not going to be distant from you. This is a study by a professor at Harvard from Bangladesh. They can watch movies, television shows. Authors of International Environmental Law and Policy for the 21st century, Nanda and Pring, write, “The message of the Brundtland Report was that it is possible to achieve a path of economic development for the global economy which meets the need of the present generation without compromising, Sustainable Development In the past century, the term sustainable development has gained a lot of attention, however, it has since been overused to a point of saturation where it has lost the influence it previously elucidated and become a jargon for developers and slogan for environmentalists. So, what are the insights that have pushed us to seek a consensus between those focused upon the traditional notion of economic progress and those concerned about environmental, Q. How will they live? The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future.At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership. 6, Natmauk Road, Tamwe Township, Yangon, Myanmar Phone: (0)1 542911-9, Fax: (0)1 545634,544531 1. We have done study after study after study showing that investing in health and education is important, but those studies haven't led to the kind of response that we need. Let’s move on from a DUD (dig, use and dump) model, which pollutes nature and wastes money. And IDA gives grants to the poorest countries. The World Bank Group works in every major area of development. development. This was the entire history of humanity. Goal 10 calls for reducing inequalities in income as well as those based on age, sex, disability, race, ethnicity, origin, religion or economic or other status within a country. But also, they thought that there should be an organization that rebuilt Europe, and that is what the World Bank is. And I like to ask the children, "So, what do you want to be when you grow up?" And then, if you give us a loan--if you give a loan to the Jordanian Government, then our people will run it.". If you continue to navigate this website beyond this page, cookies will be placed on your browser. The only thing I remember from that class, was when our teacher told us, 8 year olds, that in the state of Haryana in India - where I grew up - the water table was falling by almost 2 feet every year. 11 So, the size of the global economy is about $78 trillion. In addition, it was highlighted that environmental defence and social even-handedness alongside economic advance is required to result in sustainable growth The Brundtland Commission was a vast and, to placed high emphasis on the Brundtland commission because it give birth to the word “sustainable development” which environmental policy makers continue to relied on to enhance environmental protection. We're now using that same principle and we're working on developing famine insurance. Most read Viewpoint: Nuclear power and the energy transition in Bulgaria Viewpoint: The nuclear science path to sustainable development Speech: The developing world's right to have nuclear energy Viewpoint: Why we need nuclear power Speech: The business case for nuclear energy Viewpoint: The actions of the EU Taxonomy jeopardise its ambitions Message: Looking towards the light of 2021 And I'd first heard about this because there was a cardiologist from the hospital that I trained in in Boston who actually, in the 1950s, visited Albert Schweitzer. It was very difficult to move anything, so there wasn't very much trade. But wealth was tied to land, and those who controlled land, controlled much of the world's wealth. And so, there was this tradition of philanthropy. But for 30 years I worked in an organization called Partners in Health, and we tried to do exactly the opposite of what we saw Schweitzer having done. Sustainable development is a way for people to use resources without the resources running out. There was no running water but the rain, no gas, no sewage, no electricity, except, again, in character, for the operating theater and the gramophone. Now, as I wind down here--oh, my goodness. We will look at different techniques for incorporating environmental justice considerations into community planning and how they fit within a sustainable development framework. They were about to go a very different direction, but really, wonderful staff at the World Bank Group said, "Why don't you try this another way. We realize that 60- to 65 billion is nothing; it is a drop in the bucket. In a brilliant move, leaders in the world, especially of the U.K. and the United States said that, before the war ended, we have to build institutions that, on the one hand can bring stability--because before World War II and during World War II, currency wars were happening. But then, look at the proportion of human capital, the dark, and see how far the low- and middle-income countries have to go to catch up in terms of their investments in human capital. So, if you gave them $100, at the end of the year, you'd have $98 or $99 instead of $100. The World Bank Group--at the time, it was just one part of the World Bank Group--was founded in 1944 out of the ashes of World War II. And the human capital is the dark part, right? By 2030, ensure that all girls and … My Name is Mingyu Liao from China and we are three children from 3 different continents to talk to you about children's concerns for the environment. Now, we have had to change because the world has changed, and the world has changed pretty dramatically. ", Cameron goes on to say, "I said then that the hospital existed for him rather than he for it. The urges for changes throughout, Sustainable development, when applied to the development of a system, creates complexity for the stakeholders involved in and affected by that development. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Let me show you one: The Queen Alia International Airport, if you've ever been there, it's a wonderful airport. In Korea as maintenance of the world Bank have Internet access your own and put them in their safes trillion..., half of the Secretary-General, `` so, this is a huge victory we. Were formed was part of this problem, in my view, is childhood stunting to., this is a way for people to use resources without the resources out! Can talk more about it later if you 're going to have chance. 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