SDGs

Sustainable Development Goals

Posted on Posted in 3) Info - rich societies

In 2015, the UN defined the Sustainable Development program. Goal 1 is to eradicate poverty, and the first way to achieve defined objectives is to invest in underdeveloped countries.

The needs of developing countries are estimated at $ 3.3 trillion to $ 4.5 trillion per year.

Such subsidies would immediately increase incomes of poor countries (which have a GNI of less than $ 3,628 per person) to 26% to 29% of average national income per person in the world. At present, national income per person in poor countries accounts for an average of 16% (from 3% in Burundi to 32% in Micronesia) of average national income per person in the world.

Nothing special. If we were distributing to all poor countries in proportion to their needs, $ 3.3 trillion, then in India the poverty rate would be about the same as it is in Swaziland, and after $ 4.5 trillion – as in Palestine now.

Such subsidies ($ 3.3 trillion to $ 4.5 trillion), under current socio-economic systems, would immediately reduce the number of malnourished people by 88 million to 108 million, respectively (now in the poor countries there are 440 million undernourished people).

Even in rich countries there is a small percentage of poor and malnourished people. The complete elimination of poverty requires a new social welfare system, such as “Universal basic income“.

Costs to meet the needs of developing countries

All rich countries “G70” (which have a national income per person greater than the average in the world) would have to spend 6.1% to 8.3% of their total national income each year.

However, the goals of Sustainable Development are planned for 15 years.

To achieve a $ 3.3 trillion investment effect in 15 years, it is enough to maintain current levels of ODA and current economic growth in poor countries.

To achieve a $ 4.5 trillion investment effect in 15 years, development aid should be increased by 38%, or the economic growth rate of poor countries should be increased to 9% (it would be a cheaper way).

The current average economic growth rate of poor countries is estimated at 5.3% a year, and the GDP growth rate in the world is on average 4.6%. So investing in poor countries is more profitable.

To lead a coherent policy to support the development of any poor country, it is advisable to assign him one supporting country that would become morally responsible for the effects. This assignment should not take into account the interests and sympathies of the donor country, but should ensure that the capacity of donor countries is matched to the needs of the beneficiaries.¬†According to this assignment principle, the table “Where are your friends” is drawn up.

Contributions proportional to national income, less the sums necessary to safeguard their national income per person at least at the world average, should be:

Contributions needed to cover the needs of developing countries

Annual contribution [$ bn] for $ 3.3 trillion within 15 yearsAnnual contribution [$ bn] for $ 4.5 trillion within 15 years% GNI for meeting 3.3 trillion% GNI for meeting 4.5 trillionCountry
53.995674.51390.29%0.39%United States of America
12.743617.58620.25%0.35%Japan
10.035013.84830.27%0.37%Germany
7.647310.55320.27%0.37%United Kingdom
6.95479.59750.26%0.35%France
4.72986.52710.23%0.32%Italy
4.71046.50040.27%0.38%Canada
3.91245.39910.29%0.40%Australia
3.14254.33670.22%0.30%South Korea
3.08004.25030.22%0.30%Spain
2.29143.16210.27%0.38%Netherlands
1.92982.66310.30%0.42%Switzerland
1.62792.24650.29%0.40%Sweden
1.50622.07860.08%0.11%Russia
1.43551.98100.20%0.28%Saudi Arabia
1.36751.88710.31%0.43%Norway
1.21811.68100.26%0.37%Belgium
1.11521.53900.20%0.27%Taiwan
1.06941.47580.27%0.37%Austria
0.96621.33330.29%0.40%Denmark
0.89521.23540.28%0.39%Singapore
0.84731.16920.26%0.37%Hong Kong
0.81201.12060.27%0.38%United Arab Emirates
0.76101.05020.28%0.39%Ireland
0.66740.92100.27%0.37%Finland
0.65240.90030.24%0.33%Israel
0.57120.78830.30%0.42%Qatar
0.47270.65230.26%0.36%New Zealand
0.44850.61890.08%0.11%Poland
0.40150.55410.17%0.24%Greece
0.37770.52130.17%0.23%Portugal
0.35050.48370.27%0.37%Kuwait
0.26440.36490.14%0.20%Czech Republic
0.21940.30270.09%0.12%Chile
0.17650.24350.03%0.05%Argentina
0.15310.21130.18%0.24%Puerto Rico
0.14490.20000.14%0.20%Slovakia
0.12480.17220.30%0.42%Luxembourg
0.10620.14660.03%0.04%Malaysia
0.09840.13580.07%0.10%Hungary
0.08760.12090.08%0.12%Libya
0.08300.11450.04%0.05%Kazakhstan
0.08050.11110.13%0.18%Oman
0.08040.11100.18%0.25%Slovenia
0.06530.09010.12%0.16%Lithuania
0.06400.08830.20%0.28%Cyprus
0.06230.08600.11%0.16%Uruguay
0.05600.07730.34%0.47%Monaco
0.04800.06630.26%0.36%Brunei
0.04640.06400.16%0.22%Bahrain
0.04500.06210.28%0.38%Iceland
0.03910.05400.11%0.16%Latvia
0.03870.05340.16%0.22%Estonia
0.03300.04560.15%0.20%Trinidad and Tobago
0.03100.04270.05%0.07%Croatia
0.02580.03560.05%0.07%Panama
0.02050.02820.20%0.27%Malta
0.01160.01600.27%0.38%Andorra
0.01140.01570.17%0.23%The Bahamas
0.01050.01460.31%0.43%Liechtenstein
0.01030.01420.31%0.43%San Marino
0.00830.01140.00%0.00%Venezuela
0.00610.00850.06%0.08%Equatorial Guinea
0.00430.00590.15%0.21%Netherlands Antilles
0.00380.00530.09%0.12%Barbados
0.00150.00210.10%0.14%Seychelles
0.00080.00120.07%0.09%Antigua and Barbuda
0.00080.00110.10%0.14%Saint Kitts and Nevis
0.00020.00020.11%0.15%Nauru
0.00010.00020.04%0.06%Palau

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