By 2025, many analysts are saying that the entire world will have access to broadband. How will they live? This is from a study on the wealth of nations, we call it the changing wealth of nations. But we don't take that money and just give it away. Two centuries ago, four out of five U.S. adults worked to grow food for their families. It was very difficult to move anything, so there wasn't very much trade. And so, what do we do? He was also a missionary. And for the first time--and Quentin. When I first walked into the World Bank, I saw this sign: "Our dream is a world free of poverty." World Bank Group President Jim Yong Kim What environmental issues are facing our planet and what are the solutions? Now, we have had to change because the world has changed, and the world has changed pretty dramatically. He talked about his mission to correct the wrongs that others had instigated in the name of Christianity. So, if you gave them $100, at the end of the year, you'd have $98 or $99 instead of $100. Right, very hard to get a loan that you pay back over 40 years at zero percent interest, and we do that to help countries grow. Now, technology is going to do us a great service by getting everyone connected, but the other thing that technology is doing at the same time is it is going to eliminate some jobs. And we now know, for any given country, how much learning happened in the years that you were in school. ", 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. The wards were rude huts, airless and dark, plank beds and wooden pillows, everyone infested with hens and dogs. Okay, we have more time afterwards. 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. Sustainable Development Goals. Reflecting the commitment of the past, and the challenges the region faces today, helps define Australia’s focus on the future. 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 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. We are doubling the work we are doing in fragile and conflict-affected states, but we are also realizing that we do about $60- to $65 billion worth of business every year. Well, it gets right to the core of what we are as an institution. And so, there was a huge amount of literature of how rich countries and organizations like the World Bank, how they should think about their mission with respect to poor people. This is the kind of investment that now a lot of people want to make. And unless we use the tools of finance to do it, we will not succeed. If you, though, look at human capital and wealth per capita, first of all, you see that the high-income countries have so much more wealth per capita than the middle-income or low-income countries. The income to which they compare their own goes up. The general interpretation of sustainability is that development policies must be controlled allowing natural resources to be sustained at their initial level. So, Singapore has a great school system. A little tiny report, but then it turns out that there was a British journalist named James Cameron who visited Schweitzer in 1953, and here's what he wrote about the hospital that he found: "The hospital was a shock. You're reading about the authors, because the authors are using their accounts of those countries for other purposes than humble description. Helen Clark: Speech on Sustainable Development Goal Implementation – the UN Development System and UNDP’s Roles Jan 18, 2016. Goal 10: Reduced inequalities. But it created a situation where many heads of state and ministers of finance have become a bit complacent and are waiting for the grants to come, and they're kind of saying, "Well, if you give us the money to do that, we will. And then, finally, in about 2007 or so, the World Bank took some money that it wasn't using elsewhere, put it into a national project on trying to reduce stunting and, in seven years, they reduced the stunting level in half. also, "requires meeting the basic needs of all peoples, Topic: The politics of Sustainable Development And I asked, why is this a dream? 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. So, all of official development assistance is about $140 billion; you throw impact investing on top, another 200 billion. Man's reason and spirit have often solved the seemingly unsolvable, and we believe they can do it again.". Let me show you one: The Queen Alia International Airport, if you've ever been there, it's a wonderful airport. So, what happens is that if you actually create a bank and give them capital, they use that capital and then they can go to--we, anyway, can go to capital markets and raise financing. We argue with data, we argue with politics and ideologies--we argue with many different kinds of tools. He was part of the colonialist movement. We have to spend our money on hard infrastructure. So, what happens if you're stunted to begin with and your educational system is not providing you what you need to compete in the economy of the future? How do we respond to these kinds of upheavals? Mr. Secretary General, fellow delegates, ladies and gentlemen. 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. I can talk more about it later if you're interested in the details of it. Sustainable development Is “Development that meets the needs of current generations without compromising the ability of future generations to meet their needs and aspirations” (WCED 1987, 43) This is an important issue at the moment because of the past generations development without using sustainable methods and the emerging markets in developing nations that will need to be strictly regulated to ensure that this development is sustainable. How do we respond to this phenomenon in which everyone knows how everyone else lives and their aspirations are going up. We want the money to have an impact on the world.". And I think about--you know, this is me back in 1963 living in Korea. And it is the first time we have ever included human capital. Sustainable Development? 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. 10 Sep 2019. He says that every single muscle power job will be eliminated by technology. 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 They can pay it back over 40 years. He's the richest man in China. Sustainable Development Goals. Early childhood development and universal pre-primary education. Now, that is what we have done over time. 2. The representatives should be chosen using one of five methods: voluntary, rota - tion, evolvement, peer selection, or administrative selection. for districtwide curriculum development. We found that--I worked in Peru for years, and in Peru for years and years and years we tried to reduce childhood stunting but it never happened. The first, traditionally, we've always focused on economic growth but, in this case, we're focusing on inclusive, meaning everyone benefits; sustainable, meaning that it doesn't destroy the planet--inclusive, sustainable economic growth. And this is what the World Bank said: "Korea is so poor, they're so backward, we're not going to give them a loan because they would never be able to pay it back." You know, famines happen all the time, we're always late in responding. And the human capital is the dark part, right? 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. And so, I read a book in graduate school that was one of the most influential for me. 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. If you continue to navigate this website beyond this page, cookies will be placed on your browser. We have to put the evolution of sort of human advancement--which is what we work on at the World Bank, development--we have to put it in the perspective of what happened. 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. What environmental issues are facing our planet and what are the solutions? Sustainable Development Goals. 10 Sep 2019 The world is so interconnected that you're going to have to think about their prospects, as well as your own. 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